February 1, 2021,
by
Adnan Durakovic
Mitsubishi Heavy Industries and Vestas have launched MHI Vestas Japan, a joint venture targeting onshore and offshore wind turbine markets in Japan.
The joint venture started operating on Monday, 1 February.
MHI Vestas Japan’s head office is located in Chiyoda-ku, in central Tokyo. Masato Yamada, former Asia Pacific Regional Manager of MHI Vestas Offshore Wind, will serve as the CEO.
MHI holds a 70 per cent stake in the joint venture, and Vestas controls the remaining 30 per cent.
MHI and Vestas have recently completed a partnership agreement through which Vestas acquired MHI’s shares in the MHI Vestas Offshore Wind joint venture. Vestas is currently in the process of integrating MHI Vestas into its business operations.