Deals & Finance

Mitsubishi Invests in US Airborne Wind Turbine Developer

Japan’s Mitsubishi Heavy Industries and Oman’s Suhail Bahwan Group have invested in Altaeros Energies, a Massachusetts-based technology company, to support the design and production of its airborne wind turbines. The investment amount was not disclosed. Last December, Japanese telco SoftBank Group Corp. said it planned to invest US$7 million in Altaeros.

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