Vestas revealed late yesterday that it was in talks with MHI regarding a "potential strategic cooperation", but gave no further details.
“Mitsubishi Heavy has a strong balance sheet, an onshore wind portfolio and long experience in capital goods manufacturing – but it lacks the experience that Vestas has, particularly in the offshore sector,” says Levy.
The analyst says that a potential agreement could involve MHI taking a stake in Vestas through a private placement, as well as forming a joint venture for the development of a new 7MW offshore turbine.
If
