GRI RENEWABLE INDUSTRIES AND MITSUI SIGNED A MEMORANDUM OF UNDERSTANDING FOR THE INVESTMENT IN AN INDUSTRIAL PLANT FOR US OFF-SHORE WIND SECTOR

Madrid, August 17th, 2023– GRI Renewable Industries, a global leading manufacturer of wind turbine components (GRI), and Mitsui & Co. (U.S.A.), Inc. a subsidiary of Mitsui & Co., Ltd. (Mitsui), a global company with a diversified portfolio of trading, investment and business activities across various industries, have signed a memorandum of understanding in which they agreed to study the opportunity to form a joint venture for the investment in an industrial plant for the manufacturing of towers to supply the growing U.S. off-shore wind sector, targeting SOP within 2026.

In addition, Nucor Corporation, North America’s largest steel producer and recycler, will serve as a strategic supply chain partner for the joint venture, providing sustainable steel for off-shore wind tower construction, including heavy-gauge steel plate.

This production facility will be located in the East Coast of the United States. Both Mitsui and GRI are already carrying out a detailed analysis of the potential locations for the plant.

About GRI

Since 2008, GRI Renewable Industries (www.gri.com.es) has been developing its core business of manufacturing wind towers and flanges being one of the leaders in the wind energy sector. Currently, it has 19 manufacturing plants in 8 countries with over 5,500 employees supplying high-quality wind towers and flanges to the wind energy industry worldwide.