(Update) Mitsubishi, Chubu Electric Quit Akita, Chiba Offshore Power Projects
Tokyo, Aug. 27 (Jiji Press)--Mitsubishi Corp. and Chubu Electric Power Co. said Wednesday that they will pull out of offshore wind power projects in three areas of Japan.
Following a reassessment of the projects conducted in light of soaring construction materials costs and rising interest rates, "we have determined that establishing a viable business plan is not feasible given the current conditions," Mitsubishi, a major Japanese trader, said in a statement.
(2025/08/27-21:16)
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