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Mitsubishi Corporation

Press Room

January 22, 2013
Eneco
Mitsubishi Corporation

Collaboration in Dutch Offshore Wind Farm and Long-Term Partnership Agreement in Europe

Eneco (hereafter “Eneco”) and Mitsubishi Corporation (hereafter “MC”) have agreed that MC will acquire 50% of the Luchterduinen offshore wind farm planned for construction off the coast of the Netherlands. Eneco and MC will jointly construct and operate the farm. The two companies have also agreed to enter into a Long-Term Strategic Partnership Agreement for undertaking off shore wind activities in Europe.
 
The Luchterduinen offshore wind farm will be situated 23 km off the Dutch coast of Noordwijk, and more than 40 wind turbines will be installed and operated in a 25km2area, approximately 5 times the size of Tokyo Disneyland. With commercial operations set to start around mid-2015, the wind farm is expected to generate approximately 130MW; enough energy supply for 150,000 households.
 
The two companies are also planning to work together on the Eneco-operated Prinses Amalia Windpark while MC will assist with purchasing a fleet of innovation Electrical Vehicles for Eneco’s commercial use. Through these activities the two companies share the Dutch government’s goal of reducing environmental impact, while at the same time contributing to securing a safe and sustainable supply of energy in the Netherlands.
 
Eneco has a lot of experience in the operation of offshore wind generation, and aims to provide “Sustainable Energy for Everyone”. Collaborating in the European offshore wind business with MC, which shares its high level of consciousness for the environment, will enhance Eneco’s ability to further promote business operations and energy supply that emphasize the sustainability of environmental resources.
 
Collaboration with Eneco allows MC to make a full-scale advancement into the wind generation business. Having designated “Infrastructure and Global Environment Businesses” as a strategic domain in its Midterm Corporate Strategy 2012, this long-term strategic partnership with Eneco in the area of offshore windwill reinforce MC’s efforts to develop renewable energy businesses.
 
 
 
 
 
 
About Luchterduinen offshore wind farm:
 
(1) Location: 23km off the coast of Noordwijk, the Netherlands
(2) Capacity: 130MW (more than forty 3MW turbines)
(3) Expected COD: August 2015
(4) Expected project cost: \40 to \45 billion (400 to 450 mil euro)
 
About Prinses Amalia offshore wind farm:
(1) Location: 23km off the coast of Ijmijden, the Netherlands
(2) Capacity: 120MW (sixty 2MW turbines)
(3) COD: July 2008
(4) Project Cost: \ 38 billion (380 mil euro)
 
About Eneco:
(1) Headquarters: Rotterdam, the Netherlands
(2) Established: 1995
(3) Business: Energy supply company of electricity, gas, heat
(4) Revenue: EUR 5,007mil (consolidated basis, result of 2011)
(5) Employees: 7,000
(6) Representative: Jeroen F.de Haas, CEO
 
About MC
(1) Headquarters: 3-1 Marunouchi 2, Chiyoda-ku, Tokyo, Japan
(2) Established: April 1950
(3) Business: MC is a global integrated business enterprise that develops and operates businesses across virtually every industry including industrial finance, energy, metals, machinery, chemicals, foods, and environmental business. MC’s current activities are expanding far beyond its traditional trading operations as its diverse business ranges from natural resources development to investment in retail business, infrastructure, financial products and manufacturing of industrial goods.
(4) Revenue: \20.13 trillion (consolidated actual result for 2011 fiscal year)
(5) Employees: 63,058 (consolidated for fiscal year ended March 2012)
(6) Representative: Ken Kobayashi, President and CEO

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