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Mitsubishi, partner to exit offshore wind projects in Japan, Nikkei reports

A Mitsubishi (MSBHF)-led consortium is exiting three offshore wind power projects in the Chiba and Akita prefectures amid profitability concerns, Nikkei Asia staff reports, citing a person familiar with the matter. The companies will pull out from the projects aimed at constructing offshore wind farms off the Japanese coast after a low bid and the inability to ensure profitability due to material inflation.

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