Mitsubishi Corporation Commences Construction and Partially Transfers Shares In Dutch Offshore Wind Farm Project

By Wind Power, Energy

Mitsubishi Corporation Commences Construction and Partially Transfers Shares In Dutch Offshore Wind Farm Project

Mitsubishi Corporation (MC) is pleased to announce the achievement of financial close and commencement of construction of Borssele III/ IV Offshore Wind Farm in the Dutch North Sea, in which MC holds shares through its UK based wholly owned subsidiary, Diamond Generating Europe Limited （DGE）.

Prior to this milestone, DGE has divested part of its shares held to funds managed and/or advised by Partners Group, a global private markets investment manager.

Partners Group is the fifth member of the Borssele III/ IV consortium, currently comprised of Eneco Group, Royal Dutch Shell, Van Oord and DGE.

Total power generating capacity of the wind farm is 731.5MW, with the construction at sea/field starting from the middle of 2019 and commercial production starting in 2021.

Mitsubishi Corporation

https://www.mitsubishicorp.com/jp/en/pr/archive/2018/html/0000035211.html

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