Both the firms will together hold a 50% share in the JPY150bn ($1.3bn) project while the remaining 50% stake will held by Belgian telecommunications services provider Nethys.

The three companies will jointly develop, construct and operate the project, which is expected to be the country’s largest of its kind upon completion.

Featuring 44 MHI-Vestas 8.4MW wind turbine generators, the offshore wind farm will generate electricity required to power nearly 400,000 households.

The firms are planning to commence construction in January 2017 while the project is scheduled to be commissioned in summer of 2019.

The project represents Mitsubishi and Eneco’s second collaboration on a European offshore wind project.

The collaboration is part of a long-term partnership agreement signed by Mitsubishi Eneco in 2012 for undertaking offshore wind activities in Europe.

In 2013, the companies cooperated on the 130MW Luchterduinen offshore wind farm in Dutch waters. The project entered operational service in 2015.

Mitsubishi said the investments are part of its plan to increase its presence in the renewable energy sector and are in line with its ambition to realize a ‘low-carbon society’.

The Norther offshore wind project is expected to contribute to Belgium’s aim to generate 13% of its power from renewable sources by 2020.

Image: The Luchterduinen offshore wind farm in Belgium was commissioned in 2015. Photo: courtesy of Mitsubishi Corporation.