Equinor Making Transition to Low Carbon Over Long Term, but Will See Hydrocarbon Growth in Interim
Equinor is accelerating its push into renewable energy in pursuit of its 2050 net-zero goal. Central to its strategy is growth of its burgeoning renewable power business, primarily offshore wind. While net installed capacity only stands at 0.9 gigawatts at end-2023, Equinor plans to grow that to 12-16 GW by 2030.