Outcome of business Plan Review for the Offshore Wind Power Generation Projects in Japan
TOKYO, August 27, 2025 – (JCN Newswire) –Mitsubishi Corporation (MC), through a consortium led by our subsidiary Mitsubishi Corporation Offshore Wind Ltd., has actually been establishing overseas wind tasks in 3 locations off the coast of Japan (1) Noshiro City, Mitane Town, and Oga City (Akita Prefecture), (2) Yurihonjo City (Akita Prefecture), and (3) Choshi City (Chiba Prefecture).
As revealed in February 2025, MC has actually been evaluating business prepare for these tasks due to unforeseen modifications in business environment. As an outcome of the evaluation, we have actually chosen not to continue with the advancement of the tasks.
Given that MC’s choice as the operator of these tasks in December 2021, in the wake of the pandemic and the Ukraine crisis, business environment for overseas wind power has actually substantially altered worldwide due to elements such as tight supply chains, inflation, currency exchange rate, and increasing rates of interest.
To adjust to these unanticipated modifications, we have actually been pursuing numerous alternatives consisting of reassessment of expenses, job schedule, and profits. After conversations amongst the partners, we have actually identified that developing a practical service strategy is not practical offered the present conditions.
Most of the losses associated with this matter have actually currently been represented in previous years, and any extra losses are anticipated to be restricted.
We continue to acknowledge renewable resource, consisting of overseas wind power, as an important aspect of Japan’s energy mix. We stay dedicated to pursuing the awareness of a decarbonized society while carefully keeping track of business environment.
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Mitsubishi Corporation
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