Japan’s Offshore Wind Projects at Risk from Mitsubishi Withdrawal
In Short : Consortia led by Mitsubishi Corp. are thinking of abandoning three offshore wind projects in the prefectures of Chiba and Akita due to concerns about profitability in the face of growing financing and construction costs. These 1.76 GW projects were awarded in 2021 and were expected to start up between 2028 and 2030.
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