MHI Vestas Picked as Preferred Supplier for German Wind Project

(Bloomberg) — MHI Vestas Offshore Wind A/S was picked as
the preferred supplier for a 450-megawatt wind project off the
coast of Germany.

MHI Vestas will disclose further details about Dong Energy
A/S’s Borkum Riffgrund 2 wind farm, “as soon as the project
translates into a firm and unconditional order,” the company
said in a statement Wednesday.

Denmark’s Dong Energy said in a separate statement on its
website that it expects to sign an agreement with MHI Vestas
later this year, conditional on it making a final investment
decision on the project.

Japan’s Mitsubishi Heavy Industries Ltd. and Denmark-based
Vestas Wind Systems A/S began the MHI Vestas venture in April
2014.

MHI Vestas is targeting about 100 billion yen ($813
million) in sales by fiscal 2018, from about 40 billion yen in
2014, according to a statement distributed at a Tokyo briefing
by Mitsubishi Heavy earlier this week. The 2014 figure includes
back-orders from Vestas when it was a standalone company.

Last month, MHI Vestas was picked as the preferred supplier
for the Navitus Bay project off the U.K. for as much as 970
megawatts of wind turbines. The company has already won offshore
U.K. orders, for 400 megawatts for the Rampion project in May
and the company’s first order for 258 megawatts for the Burbo
Bank Extension project in December, according to the company’s
website.

To contact the reporter on this story:
Chisaki Watanabe in Tokyo at
cwatanabe5@bloomberg.net

To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Jason Rogers, Andrew Hobbs

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