offshore

More

Mitsubishi enters Dutch offshore wind

Dutch utility Eneco says Japan’s Mitsubishi Corporation (MC) is investing in its Eneco Luchterduinen offshore wind project at the start of a "long-term partnership" in the sector.

The Japanese group will take a 50% stake in the 129MW Eneco Luchterduinen project, 23km offshorebetween Noordwijk and Zandvoort.

MC will additionally take an interest in Eneco's already-operational 120MW Prinses Amalia wind farm, also in the Netherlands.

“Participation by MC in wind farms in Belgium and the UK fully- or jointly-owned by Eneco is up for future discussion,” says a statement from Eneco.

No financial details were given of the Japanese investment.

Construction of the 43-turbine Eneco Luchterduinen is due to begin in July next year, with completion set for summer 2015 and Vestas lined up to supply its V112 machines, says Eneco.

The Danish turbine supplier noted the deal in a statement of its own, and says it will make a further announcement if a firm and unconditional order is placed.

Eneco CEO Jeroen de Haas says :“MC is committed to investing in the Dutch renewables market and both companies share the view of the Dutch government that projects of this nature are vital to obtaining a secure, affordable and sustainable future energy supply in the Netherlands.

“In view of the significant investment associated with the development of an offshore wind farm it has been Eneco’s intention from the start to seek a development partner for the Eneco Luchterduinen offshore wind farm. The long-term partnership with MC is in line with Eneco’s strategy,” adds de Haas.

Eneco’s non-Dutch offshore wind activities include a 50% stake in the UK’s Navitus Bay project of up to 1.1GW off southern England.

The latest deal adds to Mitsubishi’s burgeoning portfolio of renewable energy interests. Most recently the Japanese giant signed a final agreement for €576m ($765m) of investments in German offshore wind grid-links.

Latest