Mitsubishi Heavy receives orders for wind turbines in US

TOKYO (XFN-ASIA) – Mitsubishi Heavy Industries Ltd said it received in the US orders for wind turbine power generation systems which will have combined capacity of 1,363.4 megawatts, nearly equal the size of Japan’s existing total wind power generation capacity.

A spokesman for the engineering firm declined to reveal the value of the orders but said the market price for wind turbine power generators of that size is estimated at between 1.36 bln and 1.64 bln usd.

Mitsubishi Heavy said it secured orders for 411 units of 2.4-megawatt wind turbines and for 377 units of one-megawatt wind turbines from a total of five major US wind power generation developers.

The wind turbines will be delivered starting later this year until 2009, the company said.

Amid strong demand for wind turbines in the US and other parts of the world, Mitsubishi Heavy said it

is currently in the process of expanding its wind turbine production capacity to 1,200 megawatts a year by March 2009 and plans to boost capacity further in the future.

(1 usd = 121.50 yen)

yumiko.nishitani@xfn.com

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