Equinor
About
A Norwegian energy company, 67% owned by the Norwegian state, whose reporting is mostly oil and gas: four of its five main segments are Exploration & Production Norway, E&P International, E&P USA, and Marketing, Midstream & Processing. Since the start of 2026 its offshore wind has sat in a Power segment, which joins the former Renewables business with flexible power assets and trading. It is commercialising floating wind and operates two floating farms, Hywind Scotland and Hywind Tampen, the second owned by its Norwegian oil and gas segment. It also holds 10% of Ørsted, as a financial position outside its power portfolio.
Outlook
as of 2026-10Portfolio
27 held + 1 exited · live stages first, exits lastCapacity is net of ownership stake: a 50% JV counts half. Gross exposure (full nameplate of every project held): 30.0 GW.
| Project | Country | Stage | MW | Stake | Net MW |
|---|---|---|---|---|---|
| Dudgeon↓ farmed down | United Kingdom | Operational | 402 | 35% | 141 |
| Sheringham Shoal↓ farmed down | United Kingdom | Operational | 317 | 40% | 127 |
| Arkona↓ farmed down | Germany | Operational | 385 | 25% | 96 |
| Hywind Tampen | Norway | Operational | 95 | 41% | 39 |
| Hywind Scotland↓ farmed down | United Kingdom | Operational | 30 | 75% | 23 |
| Empire Wind 1↓ farmed down | United States | Under Construction | 810 | 100% | 810 |
| Dogger Bank B↓ farmed down | United Kingdom | Under Construction | 1200 | 40% | 480 |
| Dogger Bank C↓ farmed down | United Kingdom | Under Construction | 1200 | 40% | 480 |
| Dogger Bank A↓ farmed down | United Kingdom | Under Construction | 1200 | 40% | 480 |
| Baltyk 2 | Poland | Under Construction | 720 | 50% | 360 |
| Baltyk 3 | Poland | Under Construction | 720 | 50% | 360 |
| Baltyk 1 | Poland | Advanced Development | 1560 | 50% | 780 |
| Celtic Sea - Equinor Project | United Kingdom | Early Development | 1500 | 100% | 1500 |
| Dogger Bank D | United Kingdom | Early Development | 1500 | 50% | 750 |
| Utsira Nord (Area 1 - Equinor/Vargronn) | Norway | Early Development | 500 | 65% | 325 |
| Donghae 1 Floating Wind Farm | South Korea | Early Development | 200 | 33.3% | 67 |
| Atoba | Brazil | Proposed | 2490 | 50% | 1245 |
| Mangara | Brazil | Proposed | 2010 | 50% | 1005 |
| Ibitucatu | Brazil | Proposed | 2010 | 50% | 1005 |
| Colibri | Brazil | Proposed | 2010 | 50% | 1005 |
| Ibituassu | Brazil | Proposed | 2010 | 50% | 1005 |
| Aracatu I | Brazil | Proposed | 1920 | 50% | 960 |
| Aracatu II | Brazil | Proposed | 1920 | 50% | 960 |
| Atlas Wind | United States | On Hold | 2000 | 100% | 2000 |
| Empire Wind 2↓ farmed down | United States | On Hold | 1260 | 100% | 1260 |
| Trollvind | Norway | Cancelled | 1000 | 100% | 1000 |
| Bandibuli Floating Wind Farm (Equinor Firefly) | South Korea | Cancelled | 750 | 100% | 750 |
| Beacon Wind 1 | United States | Divested 2024-01 | 1230 | 50% sold | — |
Divested & farmed down
every recorded sale by this developer · newest first| Announced | Project / portfolio | Type | Stake sold | €m | Buyer |
|---|---|---|---|---|---|
| 2024-01 | Beacon Wind 1 | secondary trade | 50% | 0 | BP |
| 2021-11 | Dogger Bank C | farmdown | 20% joint | 165 | Eni |
| 2020-12 | Dogger Bank A | farmdown | 20% joint | 223 | Eni |
| 2020-12 | Dogger Bank B | farmdown | 20% joint | 223 | Eni |
| 2020-09 | Empire Wind 1 | farmdown | 50% | — | BP |
| 2020-09 | Empire Wind 2 | farmdown | 50% | — | BP |
| 2020-09 | Beacon Wind 1 | farmdown | 50% | — | BP |
| 2019-10 | Arkona | farmdown | 25% | 475 | Energy Infrastructure Partners |
| 2017-01 | Hywind Scotland | farmdown | 25% | 47 | Masdar |
| 2014-11 | Sheringham Shoal | farmdown | 20% joint | 304 | Green Investment Group |
| 2014-09 | Dudgeon | farmdown | 35% | — | Masdar |
Ownership history comes from the transaction database; the portfolio above is the current snapshot only. "Joint" stakes are the consortium total (per-seller split not disclosed) and are excluded from the stake-weighted GW figure.
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