Japan scraps $580m wind power project off Fukushima

The Japanese government has announced a decision to terminate an offshore wind power project off Fukushima by removing the two remaining wind power turbines already installed.

The decision came despite the country setting a target to up its offshore wind power generation to around 45 gigawatts in 2040 from the current 20,000 kilowatts as part of its long-term ambition of achieving carbon neutrality by 2050.

The government believes the project, which would cost JPY60bn ($580M), lacked profitability and had already removed one of three turbines installed for the project in June.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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