Mitsubishi Quits Akita, Chiba Offshore Wind Power Projects

Tokyo, Aug. 27 (Jiji Press)--Mitsubishi Corp. said Wednesday that it 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," the major Japanese ...

Mitsubishi Quits Akita, Chiba Offshore Wind Power Projects
Tokyo, Aug. 27 (Jiji Press)--Mitsubishi Corp. said Wednesday that it 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," the major Japanese ...