European expertise still needed after Mitsubishi dominates Japan offshore wind round

A Mitsubishi-led consortium has dominated Japan’s first-ever fixed-bottom offshore wind auction with record-low prices. The results surprised the industry, but European know-how will still be needed to make the nascent sector a success in Japan.

The markets were surprised that the award was so one-sided, said Alexander Dobrowen Flotre, vice president, offshore wind, at consultancy Rystad Energy.

Still, “it is not uncommon to see some favouring of domestic players, and as such Mitsubishi’s success was somewhat expected.