Mitsubishi-led groups to withdraw from three offshore wind projects in Japan: Report
Mitsubishi Corp-led consortia are preparing to withdraw from three offshore wind power projects in Japan’s Chiba and Akita prefectures due to concerns over profitability, the Nikkei business daily reported on Tuesday.
Japan, the world’s second liquefied natural gas (LNG) buyer after China, has turned to wind and solar energy as well as nuclear power station restarts to bolster energy security and achieve carbon neutrality by 2050.
In 2021, groups led by Mitsubishi were selected to operate three projects in the Akita prefecture in the north and the Chiba prefecture to the east of Tokyo, with total projected capacity of 1.76 gigawatt (GW) to be launched in 2028-2030.
