BusinessGreen: Mitsubishi has bought a 49 per cent stake in two offshore wind farm cable projects in the German North Sea, as it seeks to take advantage of the country's plan to accelerate investment in a new fleet of offshore wind farms.
The Japanese company confirmed today that it had acquired the stake in the HelWin 2 and DolWin 2 for 40 billion yen (280m) from Dutch grid operator TenneT.
The two grid connections will have a combined capacity of 1.6GW and are scheduled to come online in March 2015. The...