Mitsubishi Corporation (MC) has entered into an agreement to acquire 33.4% of shares in Moray Offshore Windfarm (East) Limited (MOWEL), through its wholly owned UK-based subsidiary Diamond Generating Europe Limited (DGE), with EDP Renewables, a renewable energy company from Spain. DGE has become one of the main MOWEL shareholders, along with EDPR and ENGIE.
 
MOWEL has been developing and, in 2018, will start construction of one of the UK's largest offshore wind farms. The project is located in the North Sea, 22km off the coast of Scotland. It will have a maximum capacity of 950MW and will generate enough energy to supply nearly 1,000,000 households from its scheduled commissioning in 2022.
 
DGE has established a special team of highly qualified in-house professionals who are exclusively dedicated to managing offshore wind power projects, including the existing 130MW Luchterduinen offshore wind farm in the Netherlands and the 370MW Norther offshore wind farm.