The German government has targeted to double its renewable energy generation, mainly by offshore wind generation, from a current 17%, to 35% by the year 2020. The offshore transmission cables will contribute towards the goal, by transferring the clean electricity produced by offshore wind farms to the onshore grid in Germany. Further expansion of this kind of transmission operation business is expected to continue, together with the increase in the number of offshore wind farms.

Currently, TenneT is working on nine projects to connect wind farms in the German North Sea. These projects total to 5000 megawatt of renewable electricity, enough energy to supply 5 million households. Furthermore, TenneT is working in Germany on projects to improve north-south connections, necessary for the transport of electricity to the main consumption areas in the south of the country.

Infrastructure business is a strategic focus area for MC, as highlighted in its Midterm Corporate Strategy 2012, announced in July 2010. MC will continue to expand its presence in the offshore transmission cable operation business, paying particular attention to new projects in Germany and UK.

TenneT Holding B.V.

1) Head office : Arnhem, Netherlands

2) Established : 1998 (predecessor, Association of Electricity Producing Companies, established in 1949)

3) Key business activities: Transmission system operator in the Netherlands and Germany. Europe's first cross-border high-voltage grid operator.

4) Number of employees : 1,879 employees (as of December 31, 2010)

5) Representative : Mel Kroon, Chief Executive Officer

6) Website: http://www.tennet.org

About Mitsubishi Corporation

Mitsubishi Corporation (MC; TSE: 8058) is a global integrated business enterprise that develops and operates businesses across virtually every industry including industrial finance, energy, metals, machinery, chemicals, foods, and environmental business. MC's current activities are expanding far beyond its traditional trading operations as its diverse business ranges from natural resources development to investment in retail business, infrastructure, financial products and manufacturing of industrial goods. With over 200 bases of operations in approximately 80 countries worldwide and a network of over 500 group companies, MC employs a multinational workforce of nearly 60,000 people. For more information, please visit www.mitsubishicorp.com.

Source: Mitsubishi Corporation

Contact:
Mitsubishi Corporation

Telephone: +81-3-3210-2171

Facsimile: +81-3-5252-7705


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