Mitsubishi withdraws from three offshore wind projects due to regulatory and economic constraints
Facing unforeseen cost increases and a tightening regulatory environment, Mitsubishi Corporation is pulling out of three offshore wind projects, casting doubt on Japan’s renewable energy ambitions.
| Countries | Japon |
|---|---|
| Companies | Mitsubishi Corporation, BloombergNEF |
| Sector | Énergie Éolienne, Offshore |
| Theme | Marchés & Finance, Analyse sectorielle |
Japanese industrial conglomerate Mitsubishi Corporation has confirmed its withdrawal from three offshore wind projects awarded through a public tender launched in 2021. Selected by the Japanese government to lead the development of these projects off the country’s coast, the group cited a loss of economic viability driven by rising costs and evolving regulatory conditions.
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