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Mitsubishi buys German offshore wind links in 280m deal

2013-01-17 18:25:00| Climate Ark Climate Change & Global Warming Newsfeed

BusinessGreen: Mitsubishi has bought a 49 per cent stake in two offshore wind farm cable projects in the German North Sea, as it seeks to take advantage of the country's plan to accelerate investment in a new fleet of offshore wind farms. The Japanese company confirmed today that it had acquired the stake in the HelWin 2 and DolWin 2 for 40 billion yen (280m) from Dutch grid operator TenneT. The two grid connections will have a combined capacity of 1.6GW and are scheduled to come online in March 2015. The...

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Category:Electronics and Electrical

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