A just transition
For Equinor, how we do business is as important as what we do. We are committed to contributing to a just and inclusive transition that delivers long-term social and economic benefits while protecting biodiversity and nature.
Our strategic direction remains firm. Our focus is on producing the energy the world needs today, and at the same time developing the energy systems needed for the future
Anders Opedal
Equinor President and Chief Executive Officer
50%
Net reduction in operated
(scope 1+2) emissions
by 2030*
10-12 GW
Installed renewable energy capacity by 2030
30-50 million
Tonnes of CO2 per annum transport & storage capacity by 2035
Net Zero 2050
Reducing Net Carbon Intensity by 30-40% by 2035 (scopes 1, 2 & 3**)
Technology pioneer:
The world’s first floating wind farm to power oil & gas installations
In 2023, Hywind Tampen started operations. It is the world’s first floating wind farm powering offshore oil and gas installations. Gullfaks and Snorre are the first oil and gas fields in the world to receive power from offshore wind. Hywind Tampen’s 11 turbines meet about 35% of the platforms’ annual electricity power demand, offsetting 200,000 tonnes of CO2 emissions a year, which is equivalent to 100,000 internal combustion engine cars.
With Hywind Tampen, Equinor now operates nearly half of the world’s offshore floating wind capacity.
Scaling renewable power:
The world’s biggest offshore wind farm
When completed, Dogger Bank will be the largest offshore wind farm in the world. Located off the coast of Yorkshire in the UK, it will comprise 277 turbines, with a capacity of 3.6GW. In October 2023, the first turbine started turning and producing electricity.
Dogger Bank will be capable of powering the equivalent of six million British homes annually.
World’s first commercial CO2 storage facility:
Northern Lights, Norway
Northern Lights, the world’s first commercial third-party CO2 storage facility, was completed in 2024 and is ready to receive and store captured CO2. It is a joint venture between Equinor, Shell and TotalEnergies, with Equinor as the technical service provider. It consists of an onshore receiving terminal from which CO2 will be piped nearly 100 km offshore for injection and permanent storage in a subsurface reservoir deep beneath the North Sea. It is set to begin receiving CO2 from our customers in 2025.
Northern Lights offers a COâ‚‚ storage capacity of 1.5 million tonnes of COâ‚‚ per year, equivalent to the emissions of around 750,000 fossil fuel cars.