Japan’s Offshore Wind Setback: A Lesson in the Full Cost of Energy
The following is a guest article by Yoshihiro Muronaka. 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. In 2021, Mitsubishi had won these sites with remarkably low bids of 8-11 cents/kilowatt-hour (kWh), hailed as proof of Japan’s […]
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