Engineering giant abandons ‘unfeasible’ wind farms
Mitsubishi pulls out of projects in Japan because of high inflation and interest rates and supply problems
Matt Oliver
Industry Editor
27 August 2025 3:00pm BST
Matt Oliver
Surging costs are making offshore wind projects unaffordable, industrial giant Mitsubishi has warned.
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.
Mitsubishi had originally committed to the projects in late 2021 but said the business environment had “significantly changed” since then.
The company added: “We have determined that establishing a viable business plan is not feasible given the current conditions.”
https://www.telegraph.co.uk/gift/6ce180f9d9fb14dd
