TOKYO, Feb 3 (Reuters) - Mitsubishi Corp (8058.T) , opens new tab said on Monday that it was reviewing how to proceed with the development of its offshore wind projects in Japan, citing a "significantly changed" business environment, including inflation and a weaker yen.

In late 2021, consortiums led by the Japanese trading house have been selected to operate three offshore wind projects in the Akita prefecture in the north and the Chiba prefecture east of Tokyo with total projected capacity of 1.76 gigawatt and a target start-up date of 2028 to 2030.

"We will consider the appropriate next steps after thoroughly examining the results of our review," Mitsubishi said in a statement, without providing other details.

Chubu Electric Power Co (9502.T) , opens new tab, whose unit C-Tech partners with Mitsubishi in all three projects won in 2021, said on Monday that it was re-evaluating the feasibility of its offshore wind projects, including exploring measures to improve profitability.

In addition to its partnership with Mitsubishi, Chubu Electric is involved in several other offshore wind projects in Japan, including two operational ones with Marubeni (8002.T) , opens new tab and others in the Akita prefecture.

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https://www.reuters.com/business/energy/mitsubishi-says-it-will-rethink-japan-offshore-wind-power-projects-2025-02-03/