Mitsubishi to Pull Out of Akita, Chiba Offshore Wind Power Projects
Tokyo, Aug. 26 (Jiji Press)--Mitsubishi Corp. is planning to pull out of offshore wind power projects in three areas in Japan because of higher-than-expected costs, it was learned Tuesday.
Construction costs are ballooning due to soaring material prices brought on by the weaker yen and rising labor costs, making it difficult for the major Japanese trader to secure profits from the projects, informed sources said.
(2025/08/26-22:54)
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