Overview

• Mitsubishi said it is weighing all options, including withdrawing from the three offshore wind sites, but no decision has been made.
• The Mitsubishi-led consortia hold about 1.7 GW of planned capacity across two areas off Akita and one off Chiba awarded in 2021.
• The trading house recorded a 52.2 billion yen impairment on the projects in February as part of a broader review.
• The company has pointed to spikes in equipment and fuel costs along with higher interest rates as key pressures on project feasibility.
• Japan targets 10 GW of offshore wind by 2030, while roughly 288 MW is operating today, underscoring the scale of expansion required.