Equinor to end offshore wind operations in Japan

Norwegian energy company Equinor has announced it will discontinue its offshore wind business activities in Japan and close its Tokyo office by the end of 2026.

The decision follows a review of the company's strategic direction, with Equinor indicating it will place a stronger emphasis on integrated power markets.

Equinor has operated in Japan since 2018, taking part in the country's developing offshore wind sector alongside local partners, government bodies and industry groups.

However, the company has not secured leases in a series of public auctions for offshore wind projects during its time in the Japanese market.

The company cited its ongoing strategic evaluation as a reason for its withdrawal.

Equinor expressed gratitude for collaborations and partnerships within Japan's offshore wind industry.

The Equinor statement read: "We would like to express our deep appreciation for the close collaboration with our partners, relevant authorities and industry stakeholders in contributing to the development of offshore wind in Japan.

"The insights gained and the experience accumulated through our presence in Japan will continue to support and strengthen Equinor's global capabiliti

Fuente original: Yahoo Finance (https://finance.yahoo.com/energy/articles/equinor-end-offshore-wind-operations-110514113.html)