MHI and Copenhagen Infrastructure Partners Enter into JV
Mitsubishi Heavy Industries (MHI) and Copenhagen Infrastructure Partners (CIP) are pleased to announce a joint venture regarding the development of offshore wind projects in Hokkaido, Japan.
The joint venture is jointly owned by MHI (50%) and CIP (50%), and a team with experts from both owners will be established.
The partners have high ambitions to be significant parties in the Japan offshore wind market which is expected to experience significant growth. The partnership will jointly develop projects in Hokkaido, where conditions are attractive for offshore wind.
MHI has established a significant presence within offshore wind via the joint venture MHI Vestas Offshore Wind, which has successfully delivered turbines in Europe and expanding its business to emerging markets in the Asia Pacific. As part of its growth strategy, focusing on the entire value chain of the offshore wind power business, MHI has agreed with CIP to participate in the Japan offshore wind market.
CIP is a leading global fund management company within renewable infrastructure investments established in 2012, having seven funds with approximately EUR 10 billion under management, investing in offshore wind, onshore wind, power transmission, biomass, “waste to energy” and solar projects. CIP entered the Japanese market in 2018, with the ambition to contribute to Japan’s delivery on the renewable energy target.
Source: Mitsubishi Heavy Industries
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