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Mitsubishi Heavy to make offshore wind turbines in US and Asia

Global market set to quintuple by 2030 as costs decline

The scale of wind energy generation is set to multiply in the coming years as costs become cheaper.   © Reuters

TOKYO -- Japan's Mitsubishi Heavy Industries will manufacture offshore wind turbines in the U.S. and Asia as soon as 2021, seeking to tap into the nascent demand for the alternative energy source.

MHI Vestas Offshore Wind, the 50-50 joint venture of Mitsubishi Heavy and Denmark-based Vestas Wind Systems, secured preferred supplier status for an 800 MW project in the U.S., as well as a 500 MW project in Taiwan. It also signed a memorandum of understanding aimed at participating in Vietnam's massive wind-farm project, which will generate 3.4 GW in total from multiple locations.

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