MHI, Vestas Wind Joint Venture Underway
a call option will be exercised and the ownership ratios are planned to shift to MHD 51% and Vestas 49%. Going forward MHD is also scheduled to receive a maximum of $181.7m (amount equivalent to approximately 40% of MHD’s capital) in capital investment, in the form of preferred shares, from the Japan Bank for International Cooperation (JBIC). “The Offshore wind turbine market is in positive trend and is expected to grow up for the long term period since a number of governments in the EU, especially the UK and Germany generally promote and provide support for installation of offshore wind
Operations Underway at MHI Vestas Offshore Wind
call option will be exercised and the ownership ratios are planned to shift to MHD 51% and Vestas 49%. Going forward MHD is also scheduled to receive a maximum of €132 million (amount equivalent to approximately 40% of MHD's capital) in capital investment, in the form of preferred shares, from the Japan Bank for International Cooperation (JBIC). MHI Vestas Offshore Wind's founding Chairman of the Board of Directors is Masafumi Wani, Chairman of Mitsubishi Heavy Industries Europe, Ltd. Vice Chairman of the Board is Vestas CEO Anders Runevad. The new company launches with 380 employees. The logomark
Petrobas Signs for US$1.5-Billion Japanese Bank LOC
The lines of credit are for Petrobras to purchase equipment & services from Japanese companies in Brazil & abroad, based on an earlier MOU that established a strategic partnership between JBIC and Petrobras. Petrobras has signed two financing programs with the Japan Bank for International Cooperation - JBIC for the offer of two lines of credit amounting to US$ 1.5 billion. Mizuho Bank, Ltd. is the agent bank for these programs and the lines of credit will be 60% financed by JBIC and 40% by private Japanese financial institutions, which are insured by Nippon Export and Investment Insurance
February 2025
