Japan sees waning interest in offshore wind projects

Several companies refrain from bids in latest round after conducting preliminary work

20241229N Japan offshore wind

A JERA and Green Power Investment offshore wind farm off of Hokkaido, Japan. (Photo by Taiyo Suzuki)

TAIYO SUZUKI, Nikkei staff writer

TOKYO -- Interest in developing offshore wind projects is declining in Japan on concerns about profitability amid rising prices and labor shortages.

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