TOKYO -- Japanese trading house Mitsubishi Corp. said it had to pull the plug on three Japanese offshore wind projects as going ahead would have resulted in losses, due to cost increases that were far beyond its expectations.
Energy
Mitsubishi Corp. blames cost surge for exit from offshore wind projects
Withdrawal deals blow to Japan's ambition to expand use of renewable energy
Mitsubishi Corp. has withdrawn from three Japanese offshore wind projects after projected construction costs more than doubled. (Source photos by Toshihisa Suzuki and AP)
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