Hokutaku and MOL established investment limited partnership for offshore wind power business

Hokutaku Co., Ltd. and Mitsui O.S.K. Lines, Ltd. (MOL) announced that, the companies established the Hokutaku MOL Wind Energy Investment Limited Partnership (Hokutaku/MOL Wind Energy Fund) with the objective of investing in the offshore wind energy business, which is expected to grow in the future.

The Hokutaku/MOL Wind Fund aims at about ¥10 billion-scale investment in offshore wind energy projects.

By combining Hokutaku’s network and operational expertise in the wind energy industry with MOL group’s know-hows across various social infrastructure business, including ocean shipping industry, both companies are committed and contributing to adding new values and developing the supply chains in offshore wind power generation industry, which is expected to become the main driver for de-carbonization in Japan.