Windfarm Delays Curb Equinor's Forecast for Renewables

July 25, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Norwegian energy company Equinor (NYSE:EQNR) (Stavanger, Norway) said Wednesday that it expected to produce less renewable power from its portfolio due to delays at a windfarm off the United Kingdom's coast.

Equinor recorded 655 gigawatts (GW) in production from renewable energy resources during the second quarter, a 90% increase from the same period last year. The company attributed the increase in part to solar projects in the Brazilian market and its global offshore windfarms.