Danish wind turbine maker Vestas’ announcement today that it had bought out its partner in the MHI Vestas offshore joint venture (JV), Mitsubishi Heavy Industries, for €709m ($832m), a move long expected in analyst circles, finds its industrial rationale at the junction of market evolution and technology development.
Get the market insight you need into the global oil & gas industry's energy transition – from the new newsletter from Upstream and Recharge.