One of Japan’s leading prefectures for offshore wind power is urging authorities to reissue a tender for two critical projects after trading house Mitsubishi Corp. withdrew from the planned developments due to rising costs.
Hitoshi Miura, director of clean energy policy for Akita Prefecture, said the local economy was in urgent need of a replacement investor. Japanese officials have said they will re-auction those projects abandoned by Mitsubishi, but haven’t offered a concrete timeline.
"We were deeply shocked by the withdrawal,” said Miura, referring to Mitsubishi’s decision during a panel discussion Thursday at the Global Offshore Wind Summit in Akita.
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