GL Garrad Hassan has acted as technical adviser to Mitsubishi Corporation (MC) on their recent acquisition of a 49% stake in the BorWin1 and BorWin2 German offshore high-voltage, direct current (HVDC) links.
The company acted as the sole technical advisor to MC providing due diligence assessment of the BorWin assets and follow on support to the MC team. MC acquired the stake from TenneT Holding B.V. in December 2012. Together these transmission assets represent 1.2GW of electrical connection capacity available for German offshore wind farms. TenneT will retain majority ownership and will continue to operate the transmission assets.
The company acted as the sole technical advisor to MC providing due diligence assessment of the BorWin assets and follow on support to the MC team. MC acquired the stake from TenneT Holding B.V. in December 2012. Together these transmission assets represent 1.2GW of electrical connection capacity available for German offshore wind farms. TenneT will retain majority ownership and will continue to operate the transmission assets.