Hitachi Ltd. and Fuji Heavy Industries Ltd. (FHI) have reached a basic agreement for Hitachi to acquire FHI's wind turbine generator system business. Toward the completion of the acquisition, which is planned for July 1, Hitachi and FHI will discuss the specific terms of the future agreement.
After the acquisition, Hitachi will consolidate the resources of the two companies to enhance design and development capability, as well as integrate the manufacturing and distribution, so that it can quickly respond to future market needs, the companies explain.
Hitachi will combine its power control technologies, as well as the system linkage and stabilization technologies, with FHI's downwind type turbine technologies, with the goal of expanding further into the renewable energy market. FHI will concentrate its management resources on other divisions, including the Subaru automotive business.
Hitachi and FHI co-developed a 2 MW downwind type power generation system in 2003. This prototype machine was installed in Japan in December 2005, followed by the delivery of a total of 25 units of wind power generation systems at six sites throughout the country.
Hitachi designed and manufactured the power generator and the power control component, and has also sold and installed the wind power system. FHI designed and manufactured the nacelle, blade and tower. Since then, Hitachi and FHI have developed a strong business relationship through their cooperation and expansion of this business.