Japanese Conglomerate Sells Domestic Onshore Wind Assets To J-Power
Mitsubishi Heavy Industries, Ltd. has completed the transfer of its domestic onshore wind power business to Electric Power Development Co., Ltd. (J-Power), as previously announced. The transfer includes engineering and after-sales services but excludes certain continuing businesses, such as a joint venture with Vestas Wind A/S. This move is expected to strengthen J-Power’s position as a wind power developer and accelerate its expansion in the sector. The development was reported by Mitsubishi Aircraft.