Japan’s Mitsui OSK Lines (MOL) is further increasing its focus on the offshore wind sector in a deal with wind turbine maintenance company Hokutaku to acquire a majority of its outstanding shares. Hokutaku is the largest third-party wind turbine maintenance firm in Japan covering about 80% of the some 2,600 wind turbines in the country. The duo started collaboration in 2017, which has helped MOL accelerate its entry into the wind power industry and also led to the establishment of the Hokutaku MOL Wind Energy Investment. “While Hokutaku has a sufficient track record and operation and maintenance technology performance, it is moving away from individual ownership amid the industry’s rapid growth in size and project scale,” MOL said. The Tokyo-based shipowner established its offshore wind business in 2021 and has since been growing its marine renewables footprint with a number of technology investments, mostly focused on floating wind. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1_95_0_1_2'); }); TagsJapan Offshore Wind