PR90795

SINGAPORE, July 22, 2021 /PRNewswire=KYODO JBN/ --

Vestas has been selected as one of the successful applicants for Japan's

Ministry of Economy, Trade and Industry (METI) subsidy program, known as the

Program for Promoting Investment in Japan to Strengthen Supply Chains (Second

Call).

Providing a total sum of JPY 209.5 billion, the program aims to strengthen the

country's supply chain networks through supporting essential products, parts,

and materials, and also minimize the risk of supply chain disruption due to

COVID-19. The eligible products include green energy products such as offshore

wind turbine parts and components.

In order to enhance the country's existing wind energy supply chain, Vestas

plans to develop a manufacturing assembly facility in Japan under this program,

subject to being selected by successful clients bidding in the upcoming annual

auction, and the sufficient volume it brings each year. The facility would

provide a module and assembly for offshore wind turbine nacelles, as well as a

continuous improvement function leveraging advanced manufacturing technology in

Japan.

"Vestas is proud to be selected for this program and we are committed to

partnering with the Japanese government, customers and local industry to

develop a sustainable offshore wind industry," said Purvin Patel, President and

CEO of Vestas Asia Pacific. "Leveraging this program, we believe that our

company's plans will enhance the country's supply chain, create green jobs, and

contribute to Japan's net zero ambitions by 2050."

Out of 272 qualified applications, Vestas is one of the 151 companies that were

selected through a rigorous screening process. Vestas is one of 7 other

applicants offering offshore wind energy solutions.

Depending on the demand and cost-competitiveness of Japan's wind energy market,

working closely with MHI Vestas Japan Co., Ltd. (the joint venture between

Mitsubishi Heavy Industries, Ltd. and Vestas), Vestas will consider

establishing other parts of its regional supply chain in the country.

Vestas held its inaugural Japan Suppliers' Day in April this year,

strengthening its global supply chain footprint. The event aimed to continue

advocacy for the country's promising supply chain.

About Vestas

Vestas is the energy industry's global partner on sustainable energy solutions.

We design, manufacture, install, and service onshore and offshore wind turbines

across the globe, and with more than 132 GW of wind turbines in 82 countries,

we have installed more wind power than anyone else. Through our

industry-leading smart data capabilities and unparalleled more than 117 GW of

wind turbines under service, we use data to interpret, forecast, and exploit

wind resources and deliver best-in-class wind power solutions. Together with

our customers, Vestas' more than 29,000 employees are bringing the world

sustainable energy solutions to power a bright future.

For updated Vestas photographs and videos, please visit our media images page

on:

https://www.vestas.com/en/media/images.

We invite you to learn more about Vestas by visiting our website at

www.vestas.com following us on our social media channels:

http://www.twitter.com/vestas

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SOURCE: Vestas Asia Pacific