On April 28, Mitsubishi Research Institute, Inc. (Head Office: Chiyoda-ku, Tokyo; President: Takashi Morisaki; “MRI”) and BVG Associates (Head Office: UK; Managing Director: Bruce Valpy; “BVGA”) signed a memorandum of understanding to strengthen collaboration in consulting services in the offshore wind area. MRI and BVGA aim to contribute to the expansion of offshore wind power, reduction of costs, and development of the industry by providing in unison high-value-added consulting services that utilize their individual strengths.