{"id":398416,"date":"2025-08-28T12:21:27","date_gmt":"2025-08-28T10:21:27","guid":{"rendered":"https:\/\/climatescience.press\/?p=398416"},"modified":"2025-08-28T12:21:28","modified_gmt":"2025-08-28T10:21:28","slug":"mitsubishi-abandons-unfeasible-wind-farms","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=398416","title":{"rendered":"Mitsubishi abandons \u2018unfeasible\u2019 wind farms"},"content":{"rendered":"\n
\"A<\/figure>\n\n\n\n

<\/p>\n\n\n\n

Mitsubishi pulls out of projects in Japan because of high inflation and interest rates and supply problems<\/em><\/strong><\/p>\n\n\n\n

Surging costs are making offshore wind projects unaffordable, industrial giant Mitsubishi has warned.<\/p>\n\n\n\n

The Japanese company on Wednesday pulled out of a trio of major schemes in its home country, blaming inflation, higher interest rates and stretched supply chains. The Telegraph<\/a> has the story.<\/em><\/strong><\/p>\n\n\n\n

Mitsubishi had originally committed to the projects in late 2021 but said the business environment had \u201csignificantly changed\u201d since then.<\/p>\n\n\n\n

The company added: \u201cWe have determined that establishing a viable business plan is not feasible given the current conditions.\u201d<\/p>\n\n\n\n

It is the latest blow to the global offshore wind industry as companies battle financial and political turbulence.<\/p>\n\n\n\n

In the US, Donald Trump has thrown several projects into disarray. The US president has signalled that schemes proposed by the likes of Danish giant \u00d8rsted<\/a> and Norway\u2019s Equinor will not be allowed to go ahead.<\/p>\n\n\n\n

Meanwhile, European wind developers have warned that they cannot push forward with green energy projects without subsidy support from governments.<\/p>\n\n\n\n

Read the full story here<\/a><\/a>.<\/em><\/strong><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Mitsubishi pulls out of projects in Japan because of high inflation and interest rates and supply problems<\/p>\n","protected":false},"author":121246920,"featured_media":398420,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[691819509,691819026,691834041,691818340,691818299],"class_list":["post-398416","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-green-energy-projects","tag-japan","tag-mitsubishi","tag-offshore-wind-farms","tag-subsidies","fallback-thumbnail"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/08\/AQM5aSHyJfhzclTlrdvD6K6IX4BnDZpdMrRDE2wS524G23iw74cmiMR1eJjNAwKH7AA8Fxr5Y060cCoDCB0gjsAluaBzLP-UMnv0YWBjImaefr3_urSomKJpAHBuB3l1bnGKA2FkjjdciWqS5JwBuegwncaxjA-3.jpeg?fit=1280%2C1280&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1FE4","jetpack-related-posts":[{"id":398722,"url":"https:\/\/climatescience.press\/?p=398722","url_meta":{"origin":398416,"position":0},"title":"Mitsubishi Can\u2019t Make Money Out Of Offshore Wind Even At\u00a0\u00a3151\/MWh","author":"uwe.roland.gross","date":"08\/29\/2025","format":false,"excerpt":"Consortia in which Mitsubishi Corporation is the main stakeholder have been selected to develop all of the projects offered in Japan\u2019s first fixed-bottom offshore wind auction.","rel":"","context":"In \"Japan\"","block_context":{"text":"Japan","link":"https:\/\/climatescience.press\/?tag=japan"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/08\/AQMMGwgtz4oxPzExfw-qW-tWKKiYB7L18bLGTtpgd7Fb7JGRpzzTAAsfkS_k0giJg8a8pR1wUFBgea2fH_u4U3BWXO7TdpjD-seGribej2lrjHb-M6KT_zh_Tg04KW_fsxSlJG68wiFE6Ayb8FZLXAA3Q64iiQ.jpeg?fit=1200%2C1200&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/08\/AQMMGwgtz4oxPzExfw-qW-tWKKiYB7L18bLGTtpgd7Fb7JGRpzzTAAsfkS_k0giJg8a8pR1wUFBgea2fH_u4U3BWXO7TdpjD-seGribej2lrjHb-M6KT_zh_Tg04KW_fsxSlJG68wiFE6Ayb8FZLXAA3Q64iiQ.jpeg?fit=1200%2C1200&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/08\/AQMMGwgtz4oxPzExfw-qW-tWKKiYB7L18bLGTtpgd7Fb7JGRpzzTAAsfkS_k0giJg8a8pR1wUFBgea2fH_u4U3BWXO7TdpjD-seGribej2lrjHb-M6KT_zh_Tg04KW_fsxSlJG68wiFE6Ayb8FZLXAA3Q64iiQ.jpeg?fit=1200%2C1200&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/08\/AQMMGwgtz4oxPzExfw-qW-tWKKiYB7L18bLGTtpgd7Fb7JGRpzzTAAsfkS_k0giJg8a8pR1wUFBgea2fH_u4U3BWXO7TdpjD-seGribej2lrjHb-M6KT_zh_Tg04KW_fsxSlJG68wiFE6Ayb8FZLXAA3Q64iiQ.jpeg?fit=1200%2C1200&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/08\/AQMMGwgtz4oxPzExfw-qW-tWKKiYB7L18bLGTtpgd7Fb7JGRpzzTAAsfkS_k0giJg8a8pR1wUFBgea2fH_u4U3BWXO7TdpjD-seGribej2lrjHb-M6KT_zh_Tg04KW_fsxSlJG68wiFE6Ayb8FZLXAA3Q64iiQ.jpeg?fit=1200%2C1200&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":407287,"url":"https:\/\/climatescience.press\/?p=407287","url_meta":{"origin":398416,"position":1},"title":"Japan\u2019s Green Energy Failures Serve as a Warning to the US: Don\u2019t Fall for the Climate Agenda","author":"uwe.roland.gross","date":"10\/09\/2025","format":false,"excerpt":"In August 2025, Japanese media revealed that Mitsubishi Corporation was preparing to withdraw from three offshore wind projects off the coasts of Chiba and Akita prefectures. 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He also warned it would be prohibitively expensive and questioned\u2026","rel":"","context":"In \"Carbon capture\"","block_context":{"text":"Carbon capture","link":"https:\/\/climatescience.press\/?tag=carbon-capture"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/06\/59-591017_pc-duvar-katlar-hd-yeni-love-pink-tjn.jpg?fit=1200%2C668&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/06\/59-591017_pc-duvar-katlar-hd-yeni-love-pink-tjn.jpg?fit=1200%2C668&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/06\/59-591017_pc-duvar-katlar-hd-yeni-love-pink-tjn.jpg?fit=1200%2C668&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/06\/59-591017_pc-duvar-katlar-hd-yeni-love-pink-tjn.jpg?fit=1200%2C668&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/06\/59-591017_pc-duvar-katlar-hd-yeni-love-pink-tjn.jpg?fit=1200%2C668&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":268853,"url":"https:\/\/climatescience.press\/?p=268853","url_meta":{"origin":398416,"position":5},"title":"Vattenfall Pull Boreas Offshore Wind Farm-Not Economically\u00a0Viable","author":"uwe.roland.gross","date":"07\/22\/2023","format":false,"excerpt":"Orsted and Vattenfall contracts in Allocation Round 4, at \u00a337.35\/MWh, amount to about 4.3 GW, so will take a huge chunk out of the total of 7 GW awarded for offshore wind. 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