Equinor: ”There is no doubt that offshore wind is in its first small crisis"

”Even though we have good profitability and money on the books, it is important that we make decisions that ensure profitability also in the future,” says Equinor CEO Anders Opedal.
Equinor maintains its investment in offshore wind and its target of 12-16GW installed renewable power generation, but sees that solar and onshore wind can cover part of the target, says CEO Anders Opedal. | Photo: Equinor
Equinor maintains its investment in offshore wind and its target of 12-16GW installed renewable power generation, but sees that solar and onshore wind can cover part of the target, says CEO Anders Opedal. | Photo: Equinor

Equinor’s CEO Anders Opedal presented the company’s second quarter results on Wednesday. The figures show that oil and gas are making large profits, although the result is lower than previous record quarters. At the same time, investments in renewable energy still produce relatively little power and are booked with negative financial results. 

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