Tuesday, February 14, 2012

Mitsubishi acquires stake in BorWin1 and BorWin2 projects in Germany

Mitsubishi acquires stake in BorWin1 and BorWin2 projects in Germany

Mitsubishi Corporation has agreed with TenneT Holding to purchase a 49 percent equity stake in two German offshore transmission cable projects, BorWin1 and BorWin2, through its wholly owned special purpose company. The BorWin1 and BorWin2 projects are estimated to cost approximately JPY120 billion (EUR1.2 billion).

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