Mitsubishi has closed its agreement with transmission system operator (TSO) TenneT on the high-voltage cable projects BorWin1 and BorWin2, in which it will take a stake of 49% for €240m.
The two companies signed the initial agreement in February 2012.
TenneT and Mitsubishi also confirmed a contract for an investment in two more offshore projects, HelWin2 and DolWin2, in which the Japanese firm will also acquire a 49% interest for €336m.
