Executive Vice President, Mitsubishi Corporation
Group CEO, Global Environmental & Infrastructure Group
Mr. Sakuma is a Group CEO of Global Environmental & Infrastructure Group at Mitsubishi Corporation, the largest Japanese general trading company (“Sogo-Shosha”), where he directs strategic investments in and following value-up operations of infrastructure projects in all regions of the world. Mitsubishi’s infrastructure investments include, but not limited to, power generation, power transmission, water infrastructure, other environmental related projects, transportation, and airports.
Under his strong leadership, Mitsubishi has made numbers of significant investments in European power market in the last 5 years. In 2011, Mitsubishi Corporation acquired a 50% shares of the Walney 1 offshore transmission assets from Macquarie Capital Group, which represents the first time for a Japanese company to be involved in operation of offshore undersea transmission cable business overseas. This was followed by the 2012 purchase of a 49% equity stake in two German offshore transmission cable projects, BorWin1 and BorWin2 from TenneT Holding B.V., which represents a milestone transaction in Germany, allowing infrastructure investors to invest in a separate cluster of regulated assets. In addition, in 2013 Mitsubishi Corporation also acquired the 49% shares of each HelWin2 and DolWin2 in Germany. With this acquisition, Mitsubishi’s involvement in the offshore transmission business in Europe now stands at 7 assets, bringing its transmission capacity to 3,800 megawatts, or 815 kilometers of cable in total in both Germany and the United Kingdom, and the Company intends to continue to be a leading Japanese company in this field.
Also in 2013, Mitsubishi reached to the agreement with Eneco that Mitsubishi will acquire 50% of the Luchterduinen offshore wind farm planned for construction off the coast of the Netherlands under which Eneco and Mitsubishi will jointly construct and operate the farm. The two companies have also agreed to enter into a Long-Term Strategic Partnership Agreement for undertaking off shore wind activities in Europe.
Mr. Sakuma joined Power Systems International Department of Mitsubishi Corporation after his graduation from The University of Tokyo, Faculty of Engineering, in 1980. Through his career he has been engaging in power and infrastructure business, having based in various offices such as Al-Jubail and Al-Khobar (Saudi Arabia), Houston and Los Angeles (U.S.A), leading business development of Mitsubishi’s regional power business.
Mr. Sakuma was the President of Diamond Generating Corporation, a Mitsubishi’s largest power related subsidiary in the United States from 2004 to 2007 then before he returned to Tokyo 2007 to take the responsibility as the General Manager of Power Generation & Marketing, International Unit in Power & Electrical Systems Division of Mitsubishi. In 2010, he was appointed as the Deputy Division COO, New Energy & Power Generation Division and concurrently the General Manager, Global Power Generation & Marketing Unit of the Company. In 2012, he was elected as the Senior Vice President and Division COO of New Energy & Power Generation Division. In April 2014, he was elected as the Executive Vice President and Group CEO of Global Environmental & Infrastructure Business Group of Mitsubishi Corporation.
As the Group CEO of all infrastructure business, he now is responsible for developing and managing Mitsubishi’s global infrastructure business portfolio. In doing so, he strongly believes the value of strong and long-lasting collaborative relationship with local players.