July 31, 2020 Read More →

MHI, Copenhagen Infrastructure Partners team up to develop offshore wind projects in Japan


Mitsubishi Heavy Industries (MHI) and Copenhagen Infrastructure Partners (CIP) have entered into a joint venture to develop offshore wind projects off the coast of Hokkaido, in Japan.

MHI and CIP said they have “high ambitions to be significant parties in the Japan offshore wind market”, which is expected to experience “significant” growth.

MHI energy systems president and CEO Kentaro Hosomi said: “MHI’s partnership with CIP, a company with extensive experience in offshore wind projects in the world, is a very meaningful starting point for MHI’s offshore wind generation business, which is one of our growth strategies.”

MHI has established a presence within offshore wind via the joint venture MHI Vestas Offshore Wind, which has delivered turbines in Europe and is expanding its business to emerging markets in the Asia Pacific.

The partnership with CIP will enable MHI to participate in its domestic offshore wind market as part of the group’s growth strategy, focusing on the entire offshore wind value chain.

CIP is a global fund management company within renewable infrastructure investments established in 2012, having seven funds with approximately €10bn under management, investing in offshore wind, onshore wind, power transmission, biomass, energy-from-waste and solar projects. CIP entered the Japanese renewable energy market in 2018.

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