# Marubeni

Winds of Change: BP’s Potential Retreat Signals a Deeper Crisis for Japan’s Offshore Ambitions

BP is considering withdrawing from a major offshore wind project in Yamagata, marking the latest blow to Japan’s renewable energy sector. Amid rising costs and currency fluctuations, the potential exit of another global giant highlights the growing difficulty Japan faces in attracting the foreign capital necessary for its 2040 decarbonization goals.