Vestas and Mitsubishi Heavy Industries strengthen partnership in sustainable energy

GO ECO GREEN21

GO ECO GREEN21, Vestas Wind Systems A/S (Vestas), a world leader in sustainable energy solutions, and Mitsubishi Heavy Industries, Ltd. (MHI), a leading global manufacturing and engineering firm, have signed an agreement to expand their partnership in sustainable energy. The strengthened partnership entails that Vestas will acquire MHI’s shares in the MHI Vestas Offshore Wind (MVOW) joint venture, and MHI will acquire 2.5 percent in Vestas and be nominated to a seat in Vestas’ Board of Directors, ref. Company Announcement no. 33/2020 of 29 October 2020.

Through the strengthened partnership, Vestas makes an emphatic long-term move in offshore wind energy to become a leading player in offshore wind by 2025 and to expand the two companies’ overall leadership in sustainable energy. A report carried by Energía Limpia XXI magazine states that the new offshore wind turbine platform will also be imminently introduced to improve efficiency and drive the levelised cost…

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