Equinor ASA

EQNR: XOSL (NOR)

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Equinor Slows Renewables Push as It Pivots Back Toward Oil and Gas

Allen Good

Sep 15, 2025

Business Strategy and Outlook

Equinor has slowed its push into renewable energy in the short term, pivoting toward increasing oil and gas production to support capital distribution, while reaffirming its commitment to net zero emissions by 2050. After acquiring a 10% stake in Ørsted at the end of 2024, Equinor’s renewable net installed capacity reached 2.4 gigawatts. The firm plans to increase it to 10-12 GW by 2030, down from its previous 12-16 GW target. Central to its strategy is offshore wind, which accounts for most of the 4.5 GW currently under development.

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Equinor ASA

Equinor Slows Renewables Push as It Pivots Back Toward Oil and Gas

Business Strategy and Outlook

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