TOP PAGE
ENGLISH
JAPANESE
|
CONNECT WITH US:
Home
About
Services
Contact
Log in
*
Home
Press release
Feb 02, 2021 11:54 JST
Source:
Mitsubishi Heavy Industries (MHI)
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.
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 CEO. Shareholding ratios in the new JV are MHI 70% and Vestas 30%.
In the wake of the Paris Agreement, global warming and climate change have become universally acknowledged issues that critically impact all humanity, ushering in a period calling for vast social changes. Against this backdrop, the global market for wind energy systems is expected to double over the next 10 years(1). In Asia, which accounts for half of that demand, a cumulative mean growth rate of near 10% is projected, excluding China.
The Japanese Government too is calling for offshore wind energy to become a major source of power as the country pursues maximum use of renewable energies toward realizing a decarbonized society by 2050. On December 15, 2020, at a Public-private council with representatives from the private sector tasked with strengthening Japan's offshore wind power industry, the government and industry agreed on the following targets in their vision for the offshore wind power industry: 10 gigawatts by 2030, and between 30 and 45 gigawatts by 2040. As these figures indicate, significant growth in this industry is anticipated.
With establishment of MHI Vestas Japan, MHI and Vestas look to build further on the technologies, experience and trust established through the operations of MHI Vestas Offshore Wind. In addition to helping expand use of onshore and offshore wind power, the new JV will integrate the superior technological capabilities and abundant experience of its two parent partners, thereby accelerating global-scale initiatives toward decarbonization.
(1) Source: Wood Mackenzie Global Wind Power Market Outlook Update: Q4 2020
Source: Mitsubishi Heavy Industries (MHI)
Sectors: Alternative Energy
Copyright ©2026 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.
Related Press Release
MHI Receives Order from Taiwan High Speed Rail Corporation for Maintenance Tools and Equipment for Yanchao Main Workshop
July 02 2026 23:22 JST
MHIEC Completes Rebuild of Nagasaki City East Plant
June 30 2026 22:04 JST
Mitsubishi Shipbuilding Receives Order for the MAmmoSS(R) Ammonia Fuel Handling System
June 27 2026 12:16 JST
MHI Study Results Indicate Potential Cost Reductions in the Decarbonization Value Chain Using Green Hydrogen and Ammonia Produced in India
June 27 2026 12:00 JST
MHIET's 500kW-Class Hydrogen Engine Generator Set Achieves Technology Readiness Level for Commercialization
June 24 2026 01:29 JST
Collaboration Between OCTARVIA Programs and MiPoLin(R)
June 08 2026 22:34 JST
Operations Started for the Nagaoka Methanation Demonstration Utilizing the CO2NNEX(R) Digital Platform for Transfer and Management of e-Methane Clean Gas Certificates
June 04 2026 22:49 JST
Mitsubishi Heavy Industries and Preferred Networks Form Business Alliance to Jointly Develop Japan-Made AI Technologies for Mission-Critical Applications
June 03 2026 22:51 JST
JAL Engineering and Mitsubishi Heavy Industries Establish Joint Venture "Aero Breath" for Aircraft Aftermarket Business
June 03 2026 22:27 JST
MHI Receives Waste Treatment Technology Verification Report from JESC for Its Biomass High-Efficiency Recovery and Recycling System AdBio
June 03 2026 22:02 JST
More Press release >>
Latest Press Release
MUFG Bank and JCB Sign MOU for Comprehensive Strategic Alliance in ASEAN
Jul 06, 2026 13:30 JST
MHI Receives Order from Taiwan High Speed Rail Corporation for Maintenance Tools and Equipment for Yanchao Main Workshop
Jul 03, 2026 00:22 JST
Hitachi Rail completes acquisition of Clever Devices, expanding its portfolio of multi-modal transport solutions
Jul 02, 2026 23:15 JST
Eisai to Showcase Alzheimer's Disease Portfolio with More Than 50 Presentations at the Alzheimer's Association International Conference(R) 2026 (AAIC(R))
Jul 02, 2026 22:45 JST
UCL and Eisai renew partnership to accelerate treatments for neurodegenerative diseases
Jul 02, 2026 22:01 JST
Fujitsu Group achieves gold medal in EcoVadis sustainability rating
Jul 02, 2026 15:00 JST
NEC drives digital transformation at Messer Gases in Brazil with Cisco advanced networking and security solutions
Jul 02, 2026 15:00 JST
JCB Contactless Payment Now Available on Taipei Metro
Jul 01, 2026 10:00 JST
Hitachi High-Tech opens Innovation Center Eindhoven in the Netherlands to accelerate open innovation
Jul 01, 2026 00:59 JST
Honda to Commemorate 40th Anniversary of Its First F1(TM) Title
Jul 01, 2026 00:48 JST
Honda Issues "Honda ESG Report 2026"
Jul 01, 2026 00:24 JST
Sharp Signs Memorandum of Understanding with Major Global Satellite Operator SES to Build a Collaboration in Satellite Communication Services
Jul 01, 2026 00:09 JST
Mitsubishi Motors to Bring Authentic Off-Road Performance to Life with its All-New Pajero Cross-Country SUV
Jun 30, 2026 23:46 JST
MHIEC Completes Rebuild of Nagasaki City East Plant
Jun 30, 2026 23:04 JST
NEC Recognized as a Specialist in Gartner(R) Emerging Market Quadrant for Physical AI Services - Established Vendors
Jun 30, 2026 22:47 JST
DENSO and TUV Rheinland Japan Confirm the Practicality of Battery Passport for AESC's Energy Storage Product Using Actual Data
Jun 30, 2026 22:10 JST
Mitsubishi Shipbuilding Receives Order for the MAmmoSS(R) Ammonia Fuel Handling System
Jun 27, 2026 13:16 JST
MHI Study Results Indicate Potential Cost Reductions in the Decarbonization Value Chain Using Green Hydrogen and Ammonia Produced in India
Jun 27, 2026 13:00 JST
Foxconn and Sharp Signs Memorandum of Understanding for Strategic Collaboration in New Business Areas
Jun 27, 2026 12:44 JST
DENSO Group Formulates New Environmental Policy "Eco Vision 2035"
Jun 27, 2026 11:58 JST
More Latest Release >>