MHI Vestas Offshore Wind A/S was picked as the preferred supplier for a 450-megawatt wind power project off the coast of Germany.
MHI Vestas will disclose further details about Dong Energy A/S’s Borkum Riffgrund 2 wind farm, “as soon as the project translates into a firm and unconditional order,” the company said in a statement Wednesday.
Denmark’s Dong Energy said in a separate statement on its website that it expects to sign an agreement with MHI Vestas later this year, conditional on it making a final investment decision on the project.
Japan’s Mitsubishi Heavy Industries Ltd. and Denmark-based Vestas Wind Systems A/S began the MHI Vestas venture in April 2014.
MHI Vestas is targeting about 100 billion yen ($813 million) in sales by fiscal 2018, from about 40 billion yen in 2014, according to a statement distributed at a Tokyo briefing by Mitsubishi Heavy earlier this week. The 2014 figure includes back-orders from Vestas when it was a standalone company.
Last month, MHI Vestas was picked as the preferred supplier for the Navitus Bay project off the U.K. for as much as 970 megawatts of wind turbines. The company has already won offshore U.K. orders, for 400 megawatts for the Rampion project in May and the company’s first order for 258 megawatts for the Burbo Bank Extension project in December, according to the company’s website.