Mitsubishi to invest 576 million euros in German electrical grid: companies

Under the terms of the partnership, Mitsubishi will invest a total 576 million euros (US$766 million) in four high-voltage cable projects, the two partners said in a joint statement.

The planned high-voltage cables, involving a total investment of 2.9 billion euros, will connect a number of offshore wind farms in the German North Sea to the onshore electricity grid and will have a combined total capacity of 2.8 gigawatt, the statement said.

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