MHI has from 1 April had the right to raise its stake to 51% in the offshore wind OEM it formed with Denmark’s Vestas as an equal partnership in 2014, bumping the latter’s share down to 49%.
“It is under consideration,” the Japanese industrial group told Recharge.
MHI has injected €300m ($341m) into the joint venture in the years since its formation, as the company successfully met a series of commercial and technical milestones such as advancing its 8MW turbine platform.
The
