Tag: Energy Transition
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Mitsubishi Quits Japan Offshore Wind Projects Amid Rising Costs
Mitsubishi Corporation has announced its withdrawal from three Japanese offshore wind projects in Chiba and Akita prefectures, citing construction costs that have more than doubled since the 2021 bidding phase. The projects, with a combined projected capacity of 1.76 GW, were scheduled to begin operations between 2028 and 2030. Mitsubishi…
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Trump Administration Cancels $679 Million in Offshore Wind Funding
Article Date: 29th August, 2025 On August 29, 2025, the U.S. Department of Transportation revoked nearly $679 million in grants for offshore wind projects, marking a significant policy shift. The decision, which reallocates funding toward maritime infrastructure such as ports and shipbuilding, has sparked strong reactions from climate advocates, state…
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MOL and Karadeniz to Launch Floating Data Centres by 2027
Date: July 7, 2025 Mitsui O.S.K. Lines (MOL), a leading Japanese shipping company, has signed a memorandum of understanding with Kinetics, the energy transition arm of Turkish conglomerate Karadeniz Holding, to develop the world’s first floating data centre platform. This pioneering project aims to address the increasing demand for data…
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Webinar Announcement: Exploring Nuclear Maritime Technology & Singapore’s Energy Transition
The energy sector is facing unprecedented challenges as the world moves toward a more sustainable future. Maritime nuclear technologies are emerging as a transformative solution for global transportation and power generation, while Singapore navigates its own path toward a low-carbon energy future. We invite you to join our upcoming webinar,…