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Operations Get Underway at MHI Vestas Japan Co., Ltd.
TOKYO, Feb 02, 2021 - (JCN Newswire) - Operations got underway has at MHI Vestas Japan Co., Ltd., a joint venture between Mitsubishi Heavy Industries, Ltd. (MHI) and Vestas Wind Systems A/S (Vestas) of Denmark newly established to strengthen the two partners collaboration in the field of renewable energies, mainly wind turbines. The new JV will take charge of marketing onshore and offshore wind turbines in Japan. It stands to benefit from the relationships of trust MHI Group has built with numerous customers through its power systems business, combined with Vestas s robust track record in wind turbine deliveries.
A new JV between Mitsubishi Heavy Industries (MHI) and Vestas to boost the marketing of onshore and offshore wind turbines in Japan is now operational.
MHI Vestas Japan has been established to strengthen the two partners collaboration in the field of renewable energies, mainly wind turbines.
It stands to benefit from the relationships of trust MHI Group has built with numerous customers through its power systems business, combined with Vestas s robust track record in wind turbine deliveries.
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 chief executive.
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.