Why did Equinor decide to end its offshore wind activities in Japan?

Equinor ended its offshore wind business activities in Japan due to a strategic reassessment that prioritizes integrated power markets, compounded by its failure to win any leases in successive Japanese offshore wind auctions since entering the country in 2018.

What broader shift in Equinor's renewable energy strategy does its exit from Japan reflect?

Equinor’s exit from Japan reflects a broader scaling back of its renewables ambitions, including scrapping its 2030 installed capacity target and withdrawing from offshore wind development in Vietnam, Spain, Portugal, and France—citing rising costs—and refocusing instead on an integrated power business that combines renewables with gas-to-power generation and other sources.

Equinor ends plans for offshore wind in Japan

Jun 26, 2026

Equinor announced it will end offshore wind activities in Japan and close its Tokyo office by 2026, citing failed auctions and rising costs while refocusing on integrated power and oil and gas operations.

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