Mitsubishi buys German offshore wind links in £280m deal

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...

URL: http://www.businessgreen.com/bg/news/2237236/mitsubishi-buys-german-offshore-wind-links-in-gbp280m-deal?WT.rss_f=Home&WT.rss_a=Mitsubishi+buys+German+offshore+wind+links+in+%C2%A3280m+deal