Mitsubishi
will
take
49%
stakes
in
the
HelWin2
and
DolWin2
connections
in
the
German
North
Sea.
Both
links
are
crucial
to
the
development
of
the
German
offshore
wind
sector,
and
are
the
subject
of
ongoing
negotiations
after
TenneT
announced
that
they
could
face
lengthy
delays.
TenneT
says
that
the
projects
–
which
will
have
the
capacity
to
connect
1.59GW
of
power
to
the
grid
–
involve
an
aggregate
investment
of
around
€1.7bn
($2.23bn),
with
an
expected
third-party
equity
stake
of
around
€340m.
The
connections
are
due
to
be
completed
by…