Mitsubishi, Vestas unite on offshore wind energy

Mitsubishi Heavy Industries Ltd. (MHI) is teaming with Vestas Wind Systems A/S to establish a new joint venture dedicated to offshore wind turbines.

The joint venture is expected to be in place before the end of March in 2014. It will be located at a head office in Denmark and will consolidate MHI’s and Vestas’ current offshore wind turbine offerings.

Plans call for MHI to make an initial investment of $135.4 million; an additional $270.7 million investment will be carried out based on the venture’s actual business results after startup, making MHI the majority owner with a 51 percent stake. The joint venture will begin business with Vestas’ current 3 MW V112 and 8 MW V164 gear type wind turbines. Future plans call for an early market launch of a turbine based on the V164 platform and incorporating MHI’s new hydraulic drivetrain.

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The Clarion Energy Content Team is made up of editors from various publications, including POWERGRID International, Power Engineering, Renewable Energy World, Hydro Review, Smart Energy International, and Power Engineering International. Contact the content lead for this publication at Jennifer.Runyon@ClarionEvents.com.

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