Vestas and Mitsubishi Heavy Industries close partnership agreement, and senior leaders from joint venture take on new roles in Vestas
Press Release from Vestas Wind Systems A/SAarhus, 14 December 2020Vestas and Mitsubishi Heavy Industries, Ltd. (MHI) have closed the agreement to expand their partnership in sustainable energy, ref. Company Announcement no. 33/2020 of 29 October 2020. By closing the agreement, Vestas has acquired MHI’s shares in the MHI Vestas Offshore Wind (MVOW) joint venture, while MHI has acquired 2.5 percent in Vestas and will be nominated to a seat in Vestas’ Board of Directors.Bert Nordberg, Chairman of the Board of Vestas, said “Welcoming offshore back is the beginning of a new chapter in Vestas’