Hokutaku and MOL set up investment limited partnership for offshore wind power business

TOKYO-Hokutaku Co., Ltd. (President: Yukari Yoshida; Headquarters: Asahikawa-shi, Hokkaido) and Mitsui OSK Lines, Ltd. (MOL; President and CEO: Takeshi Hashimoto; Headquarters: Minato-ku, Tokyo) today announced that the companies have established the Hokutaku MOL Wind Energy Investment Limited Partnership (Hokutaku/MOL Wind Energy Fund) with the aim of investing in the offshore wind energy sector, which is expected to grow in the future.

The Hokutaku/MOL Wind Fund aims around 10 billion yenlarge-scale investments in offshore wind energy projects.

By combining Hokutaku’s network and operational expertise in the wind power industry with MOL Group’s know-how in various social infrastructure activities, including the shipping industry, the two companies engage and contribute to adding new value and developing supply chains in the offshore wind power generation industry. , which is expected to become the main driver of decarbonization in Japan.

(Preview of Hokutaku/MOL Wind Energy Fund)

Name Hokutaku MOL Wind Energy Investment Limited

Partnership

Address 5-8-6 Kyokushin 1 Jo, Asahikawa-shi, Hokkaido

Operating period About 20 years since its establishment

Operator

(General partner)

Hokutaku Co., Ltd.

Investment target Operating companies whose objective is

construction of offshore wind farms,

electricity-related operating companies

About Hokutaku

Hokutaku is an independent wind turbine maintenance company established in 1982. The company draws on its many years of experience to provide multi-vendor services for wind turbines from all manufacturers. For details, please visit: www.hokutaku-co.jp

About MOL

MOL was founded in 1884 and its activities focus on the shipping industry. Operating a fleet of approximately 800 vessels, it develops a variety of social infrastructure businesses. MOL is one of the first companies in the shipping industry to set a goal of achieving net zero GHG emissions by 2050, and all MOL Group is committed to reducing GHG emissions. For more details, please visit:

https://www.mol.co.jp/en/index.htmlFor more information, please contact:

Hokutaku Co., Ltd.

General Affairs Division

Email: [email protected] / TEL: 0166-60-8225 / FAX: 0166-60-8226

Mitsui OSK Lines, Ltd.

Media Relations Team, Corporate Communications Division

Email: [email protected] / TEL: 03-3587-7015 / FAX: 03-3587-7705

(C) 2022 electronic news edition, source ENP Newswire

Rosemary C. Kearney