MHI Vestas Offshore Wind · 2020/9/30 · MHI Vestas Offshore Wind: established in 2014 on decades of experience A partnership between two leaders in offshore wind power A joint

1 | MHI Vestas Offshore Wind | September 30 2020 | Classification: PUBLIC

© 2016 MHI Vestas Offshore Wind A/S

Vice President, Regional Manager Asia Pacific

ICEF 7

30th September 2020

The global opportunity for offshore wind

MHI Vestas Offshore Wind

MASATO YAMADA



MHI Vestas Offshore Wind: established in 2014 on decades of experienceA partnership between two leaders in offshore wind power

● A joint venture between two industry leaders:

Vestas Wind Systems A/S (50%) and Mitsubishi

Heavy Industries Ltd (50%)

● Founded 1 April 2014, now employing ~3,500

employees

● Sole focus on offshore wind

● Our business is to design, manufacture, install

and service wind turbines

● Our approach is truly collaborative – we aim to

create strong partnerships with customers,

suppliers and other stakeholders in the industry

● MHI Vestas is the expert with 25 years of offshore

wind experience



Expanding markets and decreasing costs through 2040As offshore wind reaches more oceans, the cost of energy decreases through learnings

Source：IEA (International Energy Agency) 「World Energy Outlook 2019」

Growing markets and falling costs for offshore wind



Source：IEA (International Energy Agency) 「Offshore Wind Outlook 2019」

Key markets and potential for offshore windJapan has the potential to catch up to other leading markets, and may surpass some major ones

4GW

25GW

Market Forecast 2040

30 60 90 120 150

Offshore Wind Potential and demand

Potential

Demand

Potential 9 times higher than

demand

0 10 000 20 000 30 000

TWh

GW



Quantum leaps / Incremental improvements in turbine technologyBigger, stronger, smarter.

V39-500 kW V80-2.0 MW V90-3.0 MW V112-3.0 MW V164-8.0 MW

1995 2002 2005 2013 2014 2017

V164-9.5 MW

2019

V174-9.5 MW



Technological advancements are key: size of turbines rapidly increasingHeavy industry for mass production

Dimensions

Swept Area 23,779 m2

Output 9.5 MW

Blade 85 m

Hub Height Approx. 110 m

Rotor Diameter 174 m

Height Approx. 197 m

Weight Nacelle・Rotor Approx. 500 t

Airbus A380

Fuji Television



Offshore wind is the most grid friendly and stable renewable powerDigitalization and advanced power electronics lead to enhanced stability and flexibility



Floating wind: expanding the potential of offshore wind to new areasFoundation designs are varied, but locations deeper than 60m can now be used



Installation of the world’s largest offshore wind turbine in PortugalOur V164-8.4 MW turbines at WindFloat Atlantic are the largest installed on floating platforms

https://www.google.dk/url?sa=i&url=https%3A%2F%2Fwww.upstreamonline.com%2Flow-carbon%2Flights-on-at-floating-wind-farm-off-portugal%2F2-1-731390&psig=AOvVaw3qFkny25juZtcnwObjMG59&ust=1582209105917000&source=images&cd=vfe&ved=0CAIQjRxqFwoTCIj6z6_q3ecCFQAAAAAdAAAAABAf



Offshore wind – a flexible and multi-purpose energy source

Provisions of heat, cold and operating power

Indirect use of

excess power

Direct use of power

CH4

H2

Electrolysis

Methanation

H2

Paired with electrolysis to produce green hydrogen



By 2050, innovative offshore wind designs are planned for EuropeOne example is the North Sea Wind Power Hub project

North Sea Wind Power Hub



Let’s move the horizon.

Documents

MHI Vestas Offshore Wind · 2020/9/30 · MHI Vestas Offshore Wind: established in 2014 on decades of experience A partnership between two leaders in offshore wind power A joint