Japanese offshore wind developers are facing the same cost-related pressures that have roiled the sector globally, dealing a blow to the resource-poor nation’s ambition of boosting renewable energy.

Mitsubishi Corp. is reviewing how to proceed with its offshore wind projects in Japan given a "significantly changed" business environment, showing that the country is not immune to rising costs ...

Mitsubishi Corp. is reviewing business plans for three Japanese offshore wind power projects following macroeconomic changes, including the depreciation of the yen, rising interest rates and tight ...

(Bloomberg) — Japanese offshore wind developers are facing the same cost-related pressures that have roiled the sector globally, dealing a blow to the resource-poor nation’s ambition of boosting ...

The projects, expected to generate 1.76 GW, were set to launch between 2028 and 2030. Chubu Electric Power also took an $118 million charge on the projects. Mitsubishi kept its full-year profit ...

Mitsubishi Corp on Monday said it is reviewing how to proceed with its offshore wind projects in Japan given a "significantly changed" business environment, showing that the country is not immune to ...

The consortium led by Mitsubishi Corporation Offshore Wind is developing three offshore projects in Japan. Credit: BalkansCat / Shutterstock. Mitsubishi Corporation is conducting a review of its ...

TOKYO: Japan's Mitsubishi Corp took a ¥66.8 billion (US$438.61 million) impairment charge on its domestic offshore wind projects in the nine-month period ended in December, it said on Thursday.

Mitsubishi led consortiums that won Japan's state-run auctions for wind farms in 2021. The projects include three offshore wind farms. The farms had a capacity of 1,76 gigawatts, and they were ...

Japan's industry ministry said on Friday it has identified 10 areas as potentially suitable for development of offshore wind farms, four of which were designated "promising areas", as it started a ...

TOKYO -- Japan seeks to raise its domestic procurement goal for offshore wind farms to roughly 70% in 2040 from the current 60%, Nikkei has learned, in a bid to build up the local supply chain ...