Vestas-Mitsubishi Talks Focus on Biggest Ocean Turbine

Lock
This article is for subscribers only.

Vestas Wind Systems A/S is in talks with Mitsubishi Heavy Industries Ltd. to build the biggest offshore turbine for the $81 billion wind-energy industry, bolstered by securing financing yesterday through 2015.

Vestas Chief Financial Officer Dag Andresen said the Aarhus-based company was talking with Japan’s largest heavy-machinery maker about developing an 8-megawatt machine, about 30 percent more powerful than the current record-holder. It was the first comment on the nature of the talks announced in August.