Mitsubishi Invest their Faith in Wind Power

Japanese industrial giant Mitsubishi Corporation is ramping up activities in the offshore wind energy sector. At a time when Japan — as well the EU, the US, China, and countries around the world — are increasingly turning to wind, solar, and other clean, renewable energy resource development to fuel sustainable growth, news this week indicates that Mitsubishi Corporation – “a global integrated business enterprise that develops and operates businesses across virtually every industry” — apparently sees promise in owning and developing offshore wind power projects.

Mitsubishi Corporation is taking a 50% equity stake in the Netherlands’ 129 megawatt (MW) Eneco Luchterduinen project, which is due to begin construction in the Dutch North Sea July 2014.

Last week, news broke that Mitsubishi will invest some €576 million ($770 milliion) to help build critical grid interconnections for offshore wind farms in Germany. Back home, Mitsubishi is one of 11 leading Japanese industrial corporations taking part in a pioneering effort to build the world’s first large-scale floating offshore wind farm off Fukushima, the locus of the 3/11 tsunami and nuclear power plant disaster.

Pimagazine Asia Admin

View Comments

  • Obama's energy policy is right. Japan's FiT in July is among the highest in the world. Japan's FiT is shaking the renewable energy market. New solutions will be showed in Japan. This is it! Floating wind turbine is one of the best solutions for USA and UK. UK has more install places around its shores than any other in the world. USA has Atlantic Coast. As you know, Every year Some typhoons arrive Japan. The typhoon has strong wind. Floating wind turbines must have constructed to resist typhoons. So they have to reduce vibration to install floating wind turbines on the sea. Because, it makes many kinds of problems! It's increasing the durability problem of floating wind turbine. Vibration’s caused by wind, waves and external forces. New Floating Body Stabilizer for floating wind turbines has been created in South Korea. The Floating Body Stabilizers generate drag force immediately when floating wind turbines are being rolled, pitched and yawed on the water. Recently, this Floating Body Stabilizers have been used to reduce vibration of floating solar panels in South Korea. You can see New Floating Body Stabilizer videos in YouTube. http://youtu.be/O2oys_YHhCc, http://www.youtube.com/watch?v=nA_xFp5ktbU&feature=youtu.be.

Recent Posts

Insuring Wind Turbines, What is the Risk?

Gallagher Re has shed light on the significant challenges insurers face when providing coverage for…

8 months ago

ARENA Start Feasibility Study in Western Australia

The Australian government will disburse AUD 1.7 million (USD 1.1m/EUR 1m) in grant funding to…

8 months ago

Asia moving away from Solar?

GlobalData’s latest report, ‘Asia Pacific Renewable Energy Policy Handbook 2024’ is among the latest region-specific…

8 months ago

Asia’s Energy Challenge 2024

The electrical generation market is facing a number of challenges, including the need to increase…

8 months ago

Powering Progress: Nuclear Energy’s Role in Asia’s Energy Landscape

Nuclear energy has emerged as a prominent player in Asia's energy landscape, offering a reliable…

1 year ago

Charting a Cleaner Path: Carbon Capture and Storage in Asia

The pursuit of a low-carbon future has gained significant momentum globally, and Asia stands tall…

1 year ago