Mitsubishi Links Up With Vestas For Wind Power Venture

Law360, New York (September 27, 2013, 3:55 PM EDT) -- Mitsubishi Heavy Industries Ltd. will form a joint venture with the world's biggest wind energy company, Vestas Wind Systems A/S, that will focus on offshore wind turbines, the companies announced Friday.

Mitsubishi stands to gain from Vestas' top market share in wind power. The Danish firm, which is active in 73 countries and produces 1,410 megawatts, will benefit from Mitsubishi's patents, technological expertise and deep pockets, according to the companies.

"Offshore wind turbines are currently expected to mark long-range growth as an alternative energy source to...
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