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.
The
companies
signed
a
letter
of
intent
on
that
second
investment
in
March
last
year.
“This
is
an
important
step
for
our
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