The transition to renewable energy is made possible by our knowledge from oil and gas.
Equinor is prioritising profitable growth in renewable energy, both onshore and offshore. The goal is to meet the growing demand for electricity and build a power business that complements our oil and gas portfolio.
We entered offshore wind early, using our oil and gas expertise as a foundation. Today, we have a significant offshore wind portfolio in operation and several projects under development. We are also expanding in onshore renewable energy and already produce electricity from both solar and wind.
Renewable energy production can vary greatly from day to day, depending on sun and wind. We address this challenge with battery storage capacity and flexible power production from natural gas. This way, we can increase both the reliability of energy supply and the value creation from renewable energy sources.
We currently produce renewable energy from offshore wind in British, German, and Norwegian waters. At the same time, we are developing new, large projects in the USA, Poland, and the UK. We have also pioneered floating offshore wind. In 2017, we opened the world’s first floating offshore wind farm, Hywind Scotland, and since 2022, Hywind Tampen has supplied electricity to the Snorre and Gullfaks fields in the North Sea.
Onshore renewable energy, such as solar and land-based wind power, plays an important role in the energy transition and complements offshore wind in our strategy. Today, we have onshore renewable energy production in Denmark, Sweden, Poland, and Brazil.
The sun doesn’t shine at night, and the wind doesn’t always blow, even in the North Sea. This leads to variable energy production, which must be managed to ensure stable energy supply. Battery storage and flexible power production from natural gas are our solutions.
