Green Street: What a brave new world of Mitsubishi-Vestas could really mean for both parties

Let’s imagine for a moment that talks between Vestas and Mitsubishi Heavy Industries (MHI) proceed without a hitch.

Let’s also imagine that this results in the Japanese company taking a stake of 20% or more in the world’s top turbine manufacturer through a private placement, and the formation of some kind of joint venture for the offshore wind sector. What kind of Vestas would we see as result?

A 20% stake — or even 15% — would be enough to make MHI by far the biggest single shareholder in Vestas and assure strong board representation. Chairman Bert Nordberg said last week: “Vestas is Danish, and shall Log in to read complete article.

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