Japan’s green energy fantasy collapses as Mitsubishi abandons $1.7B wind projects
By isabelle // 2025-08-29
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  • Mitsubishi abandons three massive offshore wind projects in Japan due to financial collapse from inflation, supply chain chaos, and soaring costs.
  • The global green energy industry is failing as companies admit renewable projects were never economically viable without massive subsidies.
  • Japan’s push for offshore wind ignores harsh natural conditions, deep seabeds, and typhoons, making turbines unreliable and unaffordable.
  • Governments worldwide waste taxpayer money propping up failing green energy schemes while energy security and reliability plummet.
  • The renewable energy revolution was never about sustainability—it was about corporate welfare, government control, and the illusion of progress.
Mitsubishi Corporation, a titan of Japanese industry, announced this week that it is abandoning three massive offshore wind projects in Akita and Chiba prefectures—projects that were supposed to generate 1.76 gigawatts of electricity, enough to power 1.5 million homes. The reason? The numbers simply don’t add up. Inflation, supply chain chaos, soaring interest rates, and a collapsing yen have made these green energy dreams financially impossible, despite years of planning and government backing. Why is this happening? Because the so-called "renewable energy revolution" was never about sustainability—it was about corporate welfare, government control, and the illusion of progress. And now, even one of Japan’s most powerful conglomerates is admitting defeat. This isn’t just a Japanese problem—it’s a global green energy meltdown in real time.

The green energy house of cards crumbles

Mitsubishi won the rights to develop these wind farms in December 2021, back when governments and corporations were still riding high on the climate change fearmongering bandwagon. But since then, reality has set in. The company admitted in a statement that "the business environment for offshore wind power has significantly changed worldwide" due to "tight supply chains, inflation, exchange rates, and rising interest rates." In other words: The economics of wind power are a disaster. The company even tried to reassess costs, adjust schedules, and renegotiate revenue models, but after months of discussions, they concluded that "establishing a viable business plan is not feasible given the current conditions." Translation: These projects were never sustainable—they were subsidized pipe dreams. And Mitsubishi isn’t alone. Ørsted, the world’s largest offshore wind developer, just got hit with a stop-work order on its $1.5 billion Revolution Wind project off the U.S. East Coast—80% complete, yet still failing. Meanwhile, Europe’s wind industry is in freefall, with companies scrapping projects left and right as costs spiral out of control. Japan has been desperate to reduce its reliance on imported fossil fuels, especially after the Fukushima disaster led to nuclear plant shutdowns. The government’s plan? Force-feed the nation with wind and solar, setting absurd targets like 10 GW of offshore wind by 2030 and 45 GW by 2040. But here’s the problem: Japan is one of the worst places on Earth for offshore wind. The country faces frequent typhoons, deep seabeds, and brutal ocean conditions, making floating wind turbines far more expensive and unreliable than in Europe. Yet, instead of admitting defeat, Japan’s Ministry of Economy, Trade and Industry (METI) has been throwing taxpayer money at the problem, even proposing 10-year lease extensions to keep these failing projects alive. Mitsubishi’s withdrawal is a $20 billion security deposit forfeit—a massive financial hit—but the company decided it was better to cut losses now than throw good money after bad.

The global green energy scam unravels

This isn’t just about Japan. The entire "renewable energy transition" is collapsing under its own weight. Germany’s wind industry is in crisis, with companies begging for bailouts. The UK is scaling back offshore wind auctions after zero bids in last year’s round, while the U.S. is seeing project cancellations as costs skyrocket and grid reliability plummets. Why? Because wind and solar were never about real energy solutions—they were about control. Governments and globalists have used climate hysteria to justify trillions in subsidies, carbon taxes, and energy rationing, all while real energy security suffers. Meanwhile, Big Oil and Big Wind executives rake in profits, while ordinary citizens pay the price in higher bills, blackouts, and broken promises. Japan’s economy minister, Yoji Muto, expressed "disbelief" at Mitsubishi’s decision, whining that it "betrays the expectations of the local community." But the real betrayal? Lying to the public for years that wind power was the future—when the math never added up. The green energy emperor has no clothes—and now, even the corporations are walking away. Sources for this article include: OilPrice.com Reuters.com JapanTimes.co.jp FT.com
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