Mitsubishi Corporation is dropping plans to develop three offshore wind projects in Japan amid unexpected changes and rising challenges in the market, the Japanese conglomerate said on Wednesday. In February this year, Mitsubishi said it is reviewing its business plans for Japanese offshore wind power generation projects “due to material changes in the macroeconomic environment.” In December 2021, Mitsubishi won in a Japanese auction projects in three Japanese sea areas. “However, in the wake of the…
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