Equinor exits Japanese offshore wind market

reNews26 jun 2026Klanten
Automatisch samengesteld met AI uit de vermelde bronnen

The company will close its Tokyo office by the end of 2026, having failed to win any lease in Japan’s auctions since entering the market in 2018. Equinor cited a strategic shift toward integrated power markets where it holds existing positions and a reduction in its geographical footprint; the decision follows similar pullouts from Vietnam, France, Spain and Portugal in recent months, with rising costs cited across those markets. Earlier in June, Equinor scrapped its target to reach 10–12 GW of installed renewable capacity by 2030.