Mitsubishi Heavy: Wind Power Has Potential in Shifting Energy Landscape

Mitsubishi Heavy Industries is betting on wind power becoming a $1 billion business in the United States. In January, MHI America President and CEO Takaoki Niwa spoke on seeing wind as a growing part of the company’s portfolio as part of a press tour of MHI’s operations in Houston. Niwa said the industry can expect a “sharp increase in renewable energy.” “The key word is, low or carbon-free society.” Niwa says MHIA sees customers putting more money into natural gas and renewables, while withdrawing from nuclear and coal power. In a bid to reach all of those markets, MHIA is working on an offshore wind turbine partnership using daughter company MHI Vestas Offshore Wind.