Large gains from offshore wind
Equinor earns $1.4bn from offshore wind equity sales
Norwegian firms makes progress on electrification of offshore operations and Norwegian CCS project
Norway’s Equinor has boosted its first-quarter income from renewables with a $1.4bn one-off capital gain from the sale of equity stakes in offshore wind farms in the US and the UK. The gain came on divestments of 50pc non-operated stakes in the Empire Wind and Beacon offshore projects in the US and a 10pc stake in the equity interest in the UK Dogger Bank A and B offshore projects. “Equinor aims to be a leader in the energy transition” Opedal, Equinor Aside from the one-off gain, net income from renewables in the first quarter was $24mn, up from $13mn in the same period a year ago. The gain demonstrates the company’s “ability to create value from accessing and maturing renewable proj
Also in this section
2 January 2026
This year may be a defining one for carbon capture, utilisation and storage in the US, despite the institutional uncertainty
23 December 2025
Legislative reform in Germany sets the stage for commercial carbon capture and transport at a national level, while the UK has already seen financial close on major CCS clusters
15 December 2025
Net zero is not the problem for the UK’s power system. The real issue is with an outdated market design in desperate need of modernisation
28 November 2025
The launch of the bloc’s emissions trading system in 2005 was a pioneering step, but as the scheme hits 21 its impact as a driver of decarbonisation is still open to debate
