Equinor seeks offshore wind major status for the right price

Equinor wants to install 12-16 GW in renewable capacity up to 2035, but projects will only be built if returns are sufficient, says Equinor's EVP of New Energy Solutions. The right rate of return is between 6 and 10 percent, the executive says confidently of Equinor's ability to achieve as much.
Pål Eitrheim from Equinor's New Energy Solutions at the company's capital markers day event in London. | Photo: Ole Jørgen Bratland / Equinor
Pål Eitrheim from Equinor's New Energy Solutions at the company's capital markers day event in London. | Photo: Ole Jørgen Bratland / Equinor

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