Mitsubishi just ditched $550B Japan wind project - why smart money follows China instead
Key Points
- Mitsubishi Corp. exited a major offshore wind project in Jap...
Mitsubishi Corp. just pulled the ultimate "it's not you, it's me" on Japan's offshore wind dreams, announcing their exit from a major project on September 11th. The reason? Construction costs are climbing faster than your credit card balance during a market crash.
This corporate breakup sent shockwaves through Japan's energy sector, forcing the government to scramble with promises of more support. Translation: taxpayer money is about to get windy.
When the Wind Stops Blowing Your Way
Here's the awkward truth - while Japan struggles to keep companies interested in offshore wind, China is...
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