MHI Vestas Offshore Wind has been selected as the turbine supplier for the Borssele III and IV offshore wind farms in the Dutch North Sea with a total capacity of 700 MW. The company, a 50/50 joint venture between Mitsubishi Heavy Industries (TYO:7011) and Vestas Wind Systems A/S (CPH:VWS), has signed a conditional agreement for the two projects. It will make an official announcement if and when the contract becomes firm and unconditional. The order will not be registered into Vestas’ order backlog.

The Borssele III and IV offshore wind farms will be constructed by a consortium led by Royal Dutch Shell Plc (AMS:RDSA). The project was won in a tender with a record-low bid of EUR 54.50 (USD 58.8) per MWh.