Equinor pulls out of Japan offshore wind market
The Norwegian energy major will close its Tokyo office by the end of 2026 as it refocuses on integrated power markets.
Norwegian energy major Equinor has decided to end its offshore wind business in Japan, and said its Tokyo office would close by the end of 2026.
"This decision reflects a reassessment of Equinor's strategic direction, with a strengthened focus on integrated power markets," the company said. It added that, although it is ending its local presence, Japan will remain an important country for it.
Equinor said it would continue to invest in longstanding relationships with Japanese companies in technology development, commodities, capital markets and across the supply chain.
"We would like to express our deep appreciation for the close collaboration with our partners, relevant authorities, and industry stakeholders in contributing to the development of offshore wind in Japan. The insights gained and the experience accumulated through our presence in Japan will continue to support and strengthen Equinor's global capabilities in offshore wind," the company concluded.
