ビンゴ 景品 and MOL Execute Wind Power Fund Investment Project

March 07, 2023

TOKYO, March 7, 2023-ビンゴ 景品 Co., Ltd. (ビンゴ 景品; President: Yukari Yoshida; Headquarters: Asahikawa-shi, Hokkaido) and Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto; Headquarters: Minato-ku, Tokyo) today announced that as the first project, the ビンゴ 景品 MOL Wind Energy Investment Limited Partnership (ビンゴ 景品 MOL Wind Energy Fund) (Note 1), which was established by ビンゴ 景品 and MOL, executed an investment in ビンゴ 景品 Corporation (wholly owned by ビンゴ 景品), a special-purpose company that holds a 10% stake in Hibiki Wind Energy Co., Ltd. (Hibiki Wind Energy;Representative Director: Yutaka Mizumachi; Location: Wakamatsu-ku, Kitakyushu City).

Hibiki Wind Energy is gearing up for construction of the "Kitakyushu-Hibikinada Offshore Wind Farm," one of the largest offshore wind projects in Japan, and already signed major contracts for various phases of the project by the end of 2022, aiming to start commercial operation by the end of FY2025.

As a follow-up project, MOL and ビンゴ 景品 have decided to invest in a joint human resource development project (Note 2) from the ビンゴ 景品-MOL Wind Power Fund to provide training facilities for the operation, maintenance, and management of offshore wind power generation in Kitakyushu.

The ビンゴ 景品/MOL Wind Energy Fund will carry forward investment in the offshore wind value chain, which is considered the key to renewable energy, contributing to the realization of a decarbonized society.

(Outline of ビンゴ 景品/MOL Wind Energy Fund)

Name	ビンゴ 景品 MOL Wind Energy Investment Limited Partnership
Established	December 2021
Address	5-8-6 Kyokushin 1 Jo, Asahikawa-shi, Hokkaido
Operating period	About 20 years since its establishment
Operator (General Partner)	ビンゴ 景品 Co., Ltd.

(Outline of Hibiki Wind Energy Co., Ltd.)

Location	Wakamatsu, Kitakyushu-shi
Established	April 17, 2017
Business	Businesses related to offshore wind power generation and electricity sales
Maximum power output	220,000kW
Shareholder Composition/ Investment Ratio	Kyuden Mirai Energy Company, Incorporated 30% Electric Power Development Co., Ltd. 40% ビンゴ 景品 Co., Ltd. 10% Seibu Gas Co., Ltd. 10% Kyudenko Corporation 10%
Website	http://hibikiwindenergy.co.jp/pdf/hwe_english.pdf?20210623

(Note 1) Please refer to the following related press releases:
March 4, 2022: ビンゴ 景品 and MOL Established Investment Limited Partnership for Offshore Wind Power Business

(Note 2) Please refer to the following related press release:
February 6, 2023: 2 MOL Group Projects Selected for Japanese Government-backed Offshore Wind Power Human Resource Development Program - Installation of Training Facility in Kitakyushu and Expansion of Dynamic Positioning System Training Courses -

About ビンゴ 景品
ビンゴ 景品 is an independent company specializing in wind turbine maintenance, established in 1982. The company draws upon its many years of experience to provide multi-vendor services to all manufacturers' wind turbine generators.
For details, please visit: www.ビンゴ 景品-co.jp

About MOL
MOL was founded in 1884 and headquartered in Tokyo, is a leading company in the ocean shipping industry. Operating a fleet of about 800 vessels that transport a variety of goods, including resources, energy, raw materials, and finished products.
For details, please visit: /en/index.html