TOKYO -- Japanese trading house Mitsubishi Corp. and its partner are in the process of withdrawing from offshore wind power projects in Japan, Nikkei has learned.
Energy
Mitsubishi Corp., partner to pull out of offshore wind projects in Japan
Rising material costs and low bid prices have made ventures unprofitable
In 2021, Mitsubishi Corp. and Chubu Electric Power won a government tender to build three offshore wind farms. The projects was scheduled for completion from 2028. (Photo by Taiyo Suzuki)
Read Next
.jpg?width=178&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=100)
Latest on Energy
