MHI Maintains 50% Stake in Offshore Wind Power Joint Venture Company MHI Vestas Offshore Wind, Continuing Close Collaboration with Vestas
Tokyo, April 28, 2016 - Mitsubishi Heavy Industries, Ltd. (MHI) has decided to maintain 50% ownership of MHI Vestas Offshore Wind A/S (MVOW). MHI had announced a call option on September 27, 2013 to increase its investment in the equally-owned joint venture company with Denmark's Vestas (Vestas Wind Systems A/S) in the offshore wind power business, but the Company decided that maintaining a strong partnership and equal holding with Vestas would be in the best interests of the company and its continued growth.
MHI and Vestas together will continue to support MVOW, helping ensure its continued success.
About MHI Group
Mitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com.