Let’s also imagine that this results in the Japanese company taking a stake of 20% or more in the world’s top turbine manufacturer through a private placement, and the formation of some kind of joint venture for the offshore wind sector. What kind of Vestas would we see as result?
A 20% stake — or even 15% — would be enough to make MHI by far the biggest single shareholder in Vestas and assure strong board representation.
