Firm to buy stake in North Sea wind project

UK-Japan News April 2018

Mitsubishi Corporation will acquire a 33.4% stake in Moray Offshore Windfarm (East) (MOWEL) in an agreement with Spanish energy company EDP Renewables S.A., Power Technology reported on 27 March.

The wind project is scheduled to begin construction later this year and to be commissioned in 2022. It is expected to be capable of supplying power to 1mn households.

The shares will be bought through Mitsubishi’s UK-based subsidiary Diamond Generating Europe.