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Mitsubishi blames high turbine costs for its retreat from offshore wind projects
Mitsubishi Corporation has blamed high turbine costs for its withdrawal from three major offshore wind projects in Japan, in a retreat that marks a setback for the country’s energy self-sufficiency drive. Mitsubishi president Katsuya Nakanishi singled out price increases by turbine manufacturers as the biggest factor behind cost pressures. The wind farms were to provide 1.7 gigawatts of electricity, enough to power about 1.5mn homes.
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