Taipei, May 15, 2018

Company announces 5th supplier MOU and typhoon conditions timetable for the V164 9 MW platform.

Sending a signal to developers and policymakers that it will be ready for early projects in Taiwan, MHI Vestas signed its 5th MOU today with TECO and The Switch for the delivery of generator products.

The company also confirms that its 9 MW turbine platform will be typhoon ready in 2020, in time for all offshore wind projects in the market.

Regarding the MOU signing, MHI Vestas Co-CEO Lars Bondo Krogsgaard said, “Signing the MOU today with industrial leaders TECO and The Switch is a very important step for us in the rollout of our localisation plan. We have been quite impressed with their capabilities and very much look forward to advancing our discussions with them.”

“TECO has been engaged in wind power for years, mainly for producing onshore wind turbine generators,” said Sophia Chiu, TECO chairman. “Only via local assembly of wind turbines by system manufacturers in Taiwan can a local supply chain be established, leading to the localisation of related technology, manufacturing, and maintenance capabilities. Together with our partners, TECO will target not only Taiwan but also other global markets, including Japan, South Korea, Southeast Asia and Asia-Pacific markets."

In addition to the key MOU signing, MHI Vestas also declares its technology will be ready for the harsh conditions in Taiwan.

Lars Bondo Krogsgaard: “From a technology point of view, we’re proud to announce that our 9 MW turbine platform will be typhoon ready by 2020, putting us in a leading position for the early projects in Taiwan and ensuring that our turbine will be ready for the demanding Taiwanese site conditions.”

Working closely with DNV GL as the certifying body as well as customers, MHI Vestas will input the region’s harsh typhoon conditions into the design and development process.

Krogsgaard concludes, “Both of these announcements today underscore our growing activity and firm commitment to the Taiwan offshore wind market. We are extremely proud to be a part of Taiwan’s clean energy transition.”

The announcements from MHI Vestas come on the heels of the recently-announced grid award and just ahead of a substantial competitive auction in Taiwan.

About Parkwind

Parkwind is a 360 degree company who develops, finances, builds and operates offshore wind farms. Parkwind today operates 552MW in the Belgian territorial waters and has a pipeline of another 554MW offshore in Belgium and Ireland. Parkwind wants to contribute to the European climate and energy policy by combining all offshore wind energy activities of the Colruyt Group, Korys and PMV.

About MHI Vestas Offshore Wind 

MHI Vestas Offshore Wind is a joint venture between Vestas Wind Systems A/S 50% and Mitsubishi Heavy Industries (MHI) 50%. The company’s focus is to design, manufacture, install and service wind turbines for the offshore wind industry. The company aims to create sustainable value through offshore wind power by driving capital and operating savings and increasing the power output of wind turbines. An innovative force in offshore wind since its inception in 2014, the company is guided by its founding principles of collaboration, trust, technology and commitment.

About TECO

Founded in 1956 as a dedicated producer of industrial motors, TECO has diversified in parallel with Taiwan’s economic growth, to heavy electric equipment, home appliances, information technology, communications, electronics, key components and parts, civil engineering, property management, logistics, and dining and services. As a global conglomerate, TECO’s business scope now spans nearly 50 countries on five continents, with over 100 affiliates. TECO products and services can be found throughout the world, including the world’s tallest building Burj Khalifa, Singapore’s Merlion, U.S. nuclear submarines, Australia’s large mines, Taiwan’s high-speed rail stations, Snow Mountain Tunnel, and National Health Insurance IC card, testifying to a deep impact on everyday life by TECO. 
 
Energy Conservation, Emissions Reduction, Smart Applications, Automation

Driving a Smarter Future: With the advent of extensive customized production, TECO will continue marching towards the goal of “energy conservation, emissions reduction, smart applications, and automation,” so as to augment Taiwan’s industrial competitiveness and offer global customers an even more energy-conserving, comfortable, and smart life. 
 
About The Switch

The Switch, a Yaskawa company, is a specialist in advanced drive train technology. The company has an installed base of over 13 GW of megawatt-class permanent magnet machine and power converter packages. The main focus areas are wind, marine and special industrial solutions. The company’s innovative drive trains make an impact on profitable power generation and energy use, with the ultimate goal of lowering the cost of energy and operations. Headquartered in Helsinki, Finland, The Switch reported net sales of EUR 72.2 million in 2016. The company employs more than 200 persons. For more information, visit: www.theswitch.com.