TOKYO -- Japanese oil refiner Cosmo Energy Holdings's renewable energy ambitions met with a cold gust of reality when it lost a bid for an offshore wind project last year. Now, the company needs to prove it has cost competitiveness to reach a goal of quintupling its wind power capacity in less than a decade.
Energy
Oil refiner Cosmo Energy's offshore wind setback puts costs in focus
Japanese company's long track record on land came up short in bidding race
Cosmo's plans include 900 MW of onshore wind, but Japan's limited availability of suitable land will make offshore projects crucial.
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