Tokyo Gas Exits Ibaraki Wind Project
Tokyo Gas has withdrawn from an offshore wind project at Kashima Bay due to rising costs. Chief Executive Shinichi Sasayama cited the need for a viable domestic supply chain.
Xurve View
Insights:
Xurve View
Tokyo Gas Co Ltd withdrew from an offshore wind project at Kashima Bay in Ibaraki, cutting ties due to rising costs. President and Chief Executive Shinichi Sasayama announced the exit during a press conference on Thursday morning. The decision marks a strategic retreat from fixed-bottom turbine initiatives in Japan as developers grapple with inflationary pressures.
