Sumitomo Corporation (Sumitomo Shoji Kaisha,Ltd.) (8053) · RiskMitigated
Risk of Worsening Wind Conditions in European Offshore Wind Power Operations
First written in FY2022. 1 of 2 entries say "Mitigated", first in FY2024-Q1. Latest entry: FY2024-Q1.
2entries
2years
0from disclosures
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Renewable Energy Business Risks Related to Electricity Markets, Facility Operations, and Partnership DevelopmentA theme 3 companies write about · 3 as a headwind · 0 as a tailwind
0 other companies' latest entry also says "Mitigated".
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- FY2024-Q1MitigatedAnnual report
「This was due to factors including a recovery in performance in the domestic retail electricity business following contract renewals and improved wind conditions in the European offshore wind power generation business.」
In contrast to the deterioration in wind conditions for European offshore wind power projects disclosed in the previous fiscal year, wind conditions were stated to have improved in the first quarter. - FY2022First statedAnnual report
「Although the power generation business remained solid, some European offshore wind power projects have been affected by deteriorating wind conditions.」
The impact of deteriorating wind conditions on European offshore wind power projects was disclosed for the first time as a standalone risk factor.