Vestas

The redundancies will affect employees in the UK and Denmark

The Danish wind turbine manufacturer will acquire Mitsubishi Heavy Industries’ share in return for a 2.5% stake in the company

The order will support the second stage of a wind park complex of more than 1GW

A total of five V164 – 9.5MW turbines will be installed at the Kincardine floating offshore wind farm

The €709m deal will also see Mitshubishi Heavy Industries secure a 2.5% stake in Vestas

The project is the company’s ninth intertidal order since its first less than a year ago

The 220MW project is powered by 100 wind turbines and has attracted an investment of $250m

The wind project is forecast to cement the country’s plans to bring more renewables into its energy mix

Based on the global average of electricity usage, 100GW of wind capacity can help save around 134 million tonnes of CO2 annually

The order includes a long-term management and service agreement for both farms