Mitsubishi is gearing up to introduce a newly developed 5MW turbine in Europe in 2010.

So far, the company has been selling 1-3 MW models, mostly focusing on the US market.

Massive orders from the US wind power generation developers prompted the company to triple the annual wind turbine production capacity from 400 MW in 2007 to 1200 MW in 2008 and plans to increase it to 2000 MW by 2010, reported climatechangecorp.com.

According to the company, currently, more than 1380 Mitsubishi wind turbines are in operation worldwide. Mitsubishi Power Sytems brings Mitsubishi wind turbines to the Americas in a range of available ratings -- 200kW, 300kW, 500kW, 600kW and 1000kW – with 2000kW designs already in development.

Mitsubishi also set up Bulgaria’s first wind farm in a joint venture with the Bulgarian engineering firm Ion Limited. The 35 MW plant, Kaliakra Wind Power AD, began operation in August last year.

The company also announced a $254 million energy park in Bulgaria in collaboration with Bulgarian energy company Dei Energy. The park to be built in Gulyantsi, Northern Bulgaria, will house a photovoltaic plant and a wind farm with a combined capacity of 160 MW.

Mitsubishi teamed up with The Sumitomo Trust & Banking Co. Ltd., Nippon Life Insurance Company and The Development Bank of Japan last year to set up a $208 million private investment fund to develop wind farm projects.