Hokutaku and Mitsui O.S.K. Lines (MOL) have 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.
The Hokutaku/MOL Wind Fund aims at about ¥10 billion-scale investment in offshore wind energy projects. Hokutaku is an independent company specialising in wind turbine maintenance, established in 1982. MOL was founded in 1884, and its business centers on the ocean shipping industry. Operating a fleet of about 800 vessels, it develops a variety of social infrastructure businesses.