MHI Vestas Japan Co Ltd, the joint venture between Mitsubishi Heavy Industries in Japan and Vestas Wind Systems in Denmark, has commenced operations
The aim of the newly-established venture is to strengthen collaboration between the companies in the wind energy sector.
As Japan’s offshore wind energy industry takes off, the JV will be responsible for marketing offshore (and onshore) wind turbines in Japan.
Under the terms of the joint venture, Vestas will, as part of the collaboration, establish parts of its regional supply chain and production in Japan should market volume and cost-competitiveness allow.
MHI Vestas Japan’s head office is in Chiyoda-ku in central Tokyo. Former Asia Pacific regional manager at MHI Vestas Offshore Wind Masato Yamada is the company’s chief executive.
MHI has a 70% shareholding in the new venture and Vestas 30%.
With establishment of MHI Vestas Japan, MHI and Vestas are hoping to build on their joint experience established through the operation of MHI Vestas Offshore Wind.
In December 2020, Vestas and MHI completed a deal that saw Vestas take control of the offshore wind turbine joint venture.