Tag: Mitsubishi
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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…