MHI Vestas project seeking new investors

There is a need for "significant capital" to a large offshore wind turbine project, which MHI Vestas will supply.

The consortium behind coming offshore wind farms Borssele 3 and 4 is hunting for new investors to back the project, reports Windpower Monthly.

The projects, which will be installed in the North Sea off the coast of the Netherlands, were won in December by a joint venture made up of Eneco, the Mitsubishi-owned Diamond Generating Europe, Shell, and van Oord – in a win which underbid Danish player Dong Energy. These four players are now hunting for partners, as there is a need for "significant capital" says a spokesman to the industry media.

In March, MHI Vestas was awarded a significant supplier contract for the wind turbines on the project. It has been initially calculated to a capacity of approximately 680 MW, consisting of 78 V164 wind turbines.

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