Japanese Conglomerate Divests Domestic Onshore Wind Assets

Mitsubishi Heavy Industries has announced the transfer of its domestic onshore wind power generation business to MWIND Co., Ltd., a wholly-owned subsidiary. The business, including engineering and after-sales services, will be transferred to MWIND Co., which will then be acquired by Electric Power Development Co., Ltd. The transaction excludes certain continuing businesses, including a joint venture with Vestas Wind A/S. This development was reported by Mitsubishi Aircraft, highlighting a significant shift in the company’s business operations. The move may have implications for the industry, as companies continue to adapt to changing market conditions.