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Ten-Company Consortium Awarded Bid to Develop Wind Farm Project in Niigata

Tokyo, Feb 6, 2015 - (JCN Newswire) - A consortium of ten companies led by Hitachi Zosen Corporation has been awarded the bid to develop the "Iwafune Offshore Wind Farm Project" in Murakami City, Niigata prefecture. The award is the result of a public bidding held by Murakami City's project promotion committee, chaired by the city's mayor, Hiramasa Otaki.

Murakami City consider the Iwafune Offshore Wind Farm Project as having the potential to help to stimulate the local economy, including enhancing of its tourism product, while at the same time contribute to mitigating the effects of global warming. The project promotion committee was therefore set up in November 2014 to oversee smooth implementation. A feasibility study now underway targets 2,700 hectares of sea, with 10 to 35 meters of water depth, in the Iwafune offshore area, some 2 kilometers off the coast of Murakami City.

The consortium has begun technical and commercial planning for 44 bottom-mounted offshore wind turbines, each with a capacity of 5,000 kW for a total of approximately 220,000kW. Based on the results of the feasibility study, a Special Purpose Company (SPC) will be established in FY2015, with manufacturing of equipment scheduled to start in FY2020. Operations are set to start in FY2024.

Project Outline

1. Implementing Agency for Public Auction: Murakami City Iwafune Offshore Wind Farm Project Committee

2. Consortium members

Candidate Companies(1): Hitachi Zosen Corporation, Venti-Japan Inc., Sumitomo Electric Industries, Ltd., Hitachi Capital Corporation, Hitachi, Ltd., Mitsubishi Corporation

Support Companies(2): The Daishi Bank, Ltd., TOA CORPORATION, HONMA Corporation, The Bank of Tokyo-Mitsubishi UFJ, Ltd.

3. Scale and Capacity: 44 bottom-mounted offshore wind turbines of 5,000kW each, with a total capacity of 220,000kW

4. Project Site: Offshore Iwafune area; approximately 2 kilometers off the coast of Murakami City, Niigata Prefecture

Notes:

(1) Candidate companies: Companies that will conduct the feasibility study in the designated area and participate in the SPC through capital investment, pending confirmation based on feasibility.

(2) Support companies: Companies that will support the realization of the project through investigation and consultation regarding the project plan jointly with Candidate Companies, but will not participate in the SPC.

About Mitsubishi Motors

Mitsubishi Motors Corporation (TSE: 7211) was established in 1970 and is one of the few automobile companies in the world that produces a full line of automotive products ranging from 660-cc mini cars and passenger cars to commercial vehicles and heavy-duty trucks and buses. The company also operates consumer financing services and provides this to its customer base. For more information, please visit www.mitsubishi-motors.com.



Source: Mitsubishi Motors

Contact:
Mitsubishi Motors
Public Relations Department
http://www.mitsubishi-motors.com
+81-3-6852-4275


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