MHI-Vestas Offshore Wind Joint Venture Is Officially Operational

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Following recent approval from all relevant authorities, the offshore wind joint venture between Vestas and Mitsubishi Heavy Industries (MHI) has been formally established. The new company, MHI Vestas Offshore Wind, has 380 employees and is headquartered in Aarhus, Denmark.

The joint venture is responsible for the design, further development, procurement, manufacturing, installation, commissioning and service related to the V164-8.0 MW turbine, as well as all marketing, sales and after-sales service related to offshore wind. Plans for the joint venture were announced last year, and each parent company holds a 50% interest.

Anders Runevad, CEO of Vestas Wind Systems and vice chairman of MHI Vestas Offshore Wind, says he is confident about the future of the new joint venture. Masafumi Wani, chairman of the board of the new company, adds, "I am pleased to see MHI Vestas Offshore Wind now being operational. Vestas and Mitsubishi Heavy Industries each hold invaluable experience and knowledge which makes this joint venture an ideal opportunity and a technologically and financially robust platform to obtain a global leadership position within offshore wind."

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