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News Release

March 7, 2023


Hokutaku and MOL Execute Wind Power Fund Investment Project

TOKYO, March 7, 2023—Hokutaku Co., Ltd. (Hokutaku; President: Yukari Yoshida; Headquarters: Asahikawa-shi, Hokkaido) and Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto; Headquarters: Minato-ku, Tokyo) today announced that as the first project, the Hokutaku MOL Wind Energy Investment Limited Partnership (Hokutaku MOL Wind Energy Fund) (Note 1), which was established by Hokutaku and MOL, executed an investment in Hokutaku Corporation (wholly owned by Hokutaku), a special-purpose company that holds a 10% stake in Hibiki Wind Energy Co., Ltd. (Hibiki Wind Energy;Representative Director: Yutaka Mizumachi; Location: Wakamatsu-ku, Kitakyushu City).
Hibiki Wind Energy is gearing up for construction of the “Kitakyushu-Hibikinada Offshore Wind Farm,” one of the largest offshore wind projects in Japan, and already signed major contracts for various phases of the project by the end of 2022, aiming to start commercial operation by the end of FY2025.
As a follow-up project, MOL and Hokutaku have decided to invest in a joint human resource development project (Note 2) from the Hokutaku-MOL Wind Power Fund to provide training facilities for the operation, maintenance, and management of offshore wind power generation in Kitakyushu.
The Hokutaku/MOL Wind Energy Fund will carry forward investment in the offshore wind value chain, which is considered the key to renewable energy, contributing to the realization of a decarbonized society.
(Outline of Hokutaku/MOL Wind Energy Fund)

Name Hokutaku MOL Wind Energy Investment Limited Partnership
Established December 2021
Address 5-8-6 Kyokushin 1 Jo, Asahikawa-shi, Hokkaido
Operating period About 20 years since its establishment
Operator (General Partner) Hokutaku Co., Ltd.

(Outline of Hibiki Wind Energy Co., Ltd.)
Location Wakamatsu, Kitakyushu-shi
Established April 17, 2017
Business Businesses related to offshore wind power generation and electricity sales
Maximum power output 220,000kW
Shareholder Composition/ Investment Ratio Kyuden Mirai Energy Company, Incorporated 30%
Electric Power Development Co., Ltd. 40%
Hokutaku Co., Ltd. 10%
Seibu Gas Co., Ltd. 10%
Kyudenko Corporation 10%
Website http://hibikiwindenergy.co.jp/pdf/hwe_english.pdf?20210623


(Note 2) Please refer to the following related press release:

About Hokutaku
Hokutaku is an independent company specializing in wind turbine maintenance, established in 1982. The company draws upon its many years of experience to provide multi-vendor services to all manufacturers’ wind turbine generators.
For details, please visit: www.hokutaku-co.jp
About MOL
MOL was founded in 1884 and headquartered in Tokyo, is a leading company in the ocean shipping industry. Operating a fleet of about 800 vessels that transport a variety of goods, including resources, energy, raw materials, and finished products.
For details, please visit: https://www.mol.co.jp/en/index.html
For further information, please contact:
General Affairs Department
E-Mail: hs000@hokutaku-co.jp /TEL: 0166-60-8225 / FAX: 0166-60-8226
Mitsui O.S.K. Lines, Ltd.
Media Relations Team, Corporate Communication Division
E-mail: mrtmo@molgroup.com /TEL: 03-3587-7015