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We’re always exploring for the energy of tomorrow. Now we’re going beyond the horizon.?

Renewables and low carbon solutions
We are in the midst of the biggest transition our modern-day energy systems have ever seen. The world’s energy system must be transformed in a profound way to drive decarbonization


By reducing the world’s carbon footprint, we can demonstrate a commitment to accelerate - not slow down - the transition.

Equinor’s strategic direction is very clear. We are developing as a broad energy company, and we are in the process of becoming a global industry leader in offshore wind.

In Equinor, we want to be competitive now, in the transition and in a net zero future. We believe our oil and gas competence can be leveraged to create business opportunities in the energy transition:

  • We have a strong safety culture
  • Capabilities to deliver large and complex projects?
  • Experience from marine operations and maintenance?
  • Focus on technology and innovation.?
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The International Energy Agency’s (IEA) Offshore Wind Outlook 2019 indicates a 1 trillion USD industry opportunity by 2040

0 European homes powered

Equinor powers more than?one?million European homes with renewable offshore wind from four offshore wind farms in the United Kingdom and Germany

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60 – 80 % reduction in? levelized cost of energy (LCOE) over the past decade

Game-changer for Equinor’s offshore wind business

Photo of offshore wind turbines

The world needs more offshore wind to meet global climate goals. Now we’re constructing the world’s largest offshore wind farm, Dogger Bank, which will produce?renewable energy?equivalent?to powering?4.5 million British homes.

Our offshore wind portfolio

Equinor is building material offshore wind clusters in the UK, the US North East and in the Baltics. The company commissioned the world’s first floating offshore wind farm in 2017 off the coast of Scotland and is positioned for future floating wind options in several geographies, including UK, Norway and Asia.


Driving innovator in offshore wind

Equinor’s ambition is to become a global offshore wind major. We now power more than?one?million European homes with renewable offshore wind from four offshore wind farms in the United Kingdom and Germany and we are the world’s leading floating offshore wind?developer


We are operating the world’s first floating wind farm offshore Scotland


Together with SSE Renewables we are building the world’s biggest offshore wind farm, Dogger Bank

Solar energy


The global solar business has grown by approximately 50% per year over the last 10 years and is anticipated to be a major source of renewable power with continued high growth, particularly in emerging markets. Due to technological efficiency, innovation, scale effects and more professional value chains, solar energy is becoming a low-cost source of power.

Bloomberg New Energy Finance estimates that by 2040 around 34% of electricity will come from intermittent renewables, of which solar power will account for a third.

Partner with Scatec Solar?
To increase our exposure to a fast-growing renewable sector, further complementing our broad energy portfolio,?Equinor?holds a 15.2 percent share in Scatec Solar, an integrated independent solar power producer. Equinor?and Scatec Solar?also have an exclusive cooperation to jointly develop potential future solar projects in Brazil. Scatec Solar has an?asset portfolio of 1.5 gigawatt (GW) in operation and under construction.??

Equinor?is present in the following solar projects:??

Equinor?has a 40 % share in the 162MW?Apodi?solar asset along with operator Scatec Solar, a Norwegian?independent solar power producer. The project provides power that equals approximately 170,000?households with electricity. The plant started production in 2018.??

Guanizul?2A (Argentina)??
Equinor?has a 50% interest in the?Guanizul?2A solar project in Argentina. The plant will be operated by Scatec?Solar and situated in the San Juan region of Argentina. The plant is expected to be in operation Q1?2020, and?will have an installed capacity of 117 MW.?

Equinor?Energy Ventures has invested in Convergent Energy + Power a company that develops energy storage?assets in the utility and industrial sector, and Oxford PV, a solar technology company?.

A world leader in carbon capture and storage

We are a world leader in carbon capture and storage (CCS). CCS is about removing carbon from gases and storing it safely to prevent it from contributing to climate change.

We see CCS as the leading technology for decarbonising fossil fuels and an important long-term measure for reducing CO2 emissions globally. CCS also has significant economic advantages that include extending current operations, carbon reuse in fuel, chemical technologies and export opportunities. Having worked on this pioneering technology since the 1990s, we have played an important role in getting CCS to where it is today. We continue to work towards the goal of commercial CCS and evaluate opportunities to reduce our own CO2 emissions and explore profitable Enhanced Oil Recovery (EOR) possibilities.

We have been developing CCS since?the 1990s

Equinor has integrated?CCS technology?into two of our operational fields

Over 23 million?tonnes of carbon dioxide have been permanently stored by Equinor

Our CCS projects

We have decades of experience from CCS projects of various sizes, successfully maturing the technology from the R&D stage to operations, putting us in a leading position to contribute towards the goal of making CCS reach commercial scale.?


By sharing our research and expertise with research institutions, academia, other companies and authorities we also contribute to the further development of CCS worldwide.? ?

melk?ya onshore plant

?Offshore CO2 storage in Norway.?Ongoing
We are currently carrying out a feasibility study regarding CO2 storage on the Norwegian Continental Shelf (NCS) on behalf of the Norwegian Ministry of Petroleum and Energy

A woman standing on the Sleipner platform

Sleipner West.?Operational since 1996?
We capture about 1 million tonnes of CO
2?each year from the natural gas on the Equinor-operated Sleipner field in the Norwegian sector of the North Sea. The CO2?is stored in a saline formation 1 km below the seabed.

Melk?ya plant

Sn?hvit LNG.?First CO2 injected in 2008?
The Equinor-operated Sn?hvit field in the Norwegian sector of the Barents Sea supplies gas to the world’s first LNG plant with CO2 capture and storage.??

Algerie - In Salah CCS

In Salah.?Start-up in 2004
Our involvement in the Algerian gas field In Salah is so far the only project outside Norway where we have helped capture and store CO
2. More than three million tonnes of CO2 have been stored below ground. The injection of CO2 was stopped in 2011 due to capacity limitation in the geological structure.


Technology Centre Mongstad.?Operational since 2012?
A world-leading technology centre for CO2 capture technology. We were the operator during the construction phase and are now a partner and responsible for operations.?


decarbonising the energy system

Equinor is working on several projects to explore the potential of converting natural gas to hydrogen with capture and storage of the CO2. This represents an opportunity to develop low carbon solutions for power, heating and transportation.?


With developments in?hydrogen technology, the potential for business and emission reduction is promising.?

Our current activities within hydrogen solutions:


In 2018 Equinor contributed to the Northern Gas Networks’ report, H21.The report sets out how 3.7 million homes and 40,000 businesses in the north of England, currently heated by natural gas, could be converted to hydrogen and made emissions-free by 2034


Equinor is partner in the H-vision program; a large-scale production and utilization of blue hydrogen that will allow local industry in Rotterdam to substantially reduce its CO2 emissions, well before 2030.


Equinor, Vattenfall and Gasunie have signed a Memorandum of Understanding (MoU) to evaluate the possibilities of converting Vattenfall’s gas power plant Magnum in the Netherlands, into a hydrogen-powered plant.

Net Zero UK partnership

Drax Group, Equinor and National Grid Ventures have signed a Memorandum of Understanding (MOU) to explore how a large-scale carbon capture usage and storage (CCUS) network and a hydrogen production facility could be constructed in the Humber region. Zero Carbon Humber:?

What about other renewable technologies?

We expect strong demand growth for renewables over the next decades, and have established a new business area for New Energy Solutions to drive further profitable growth within these areas.


Going forward, our ambition is to grow and possibly expand into other areas of renewable energy, focusing on delivering attractive returns through technology and business innovation. We believe that our decades of experience from the oil and gas industry make us well-placed to transfer our expertise to these growing markets.?

While our current emphasis is on wind and CCS, we are continuously reviewing potential new business opportunities. In New Energy Solutions, we focus on opportunities which match competitive technologies with attractive markets and profitable business models. In addition, we prioritize opportunities where our core competences can create competitive advantages and increase value creation.

We offer a wide toolbox to develop the best investment opportunities, ranging from traditional business development?to?venture capital investments,?research and development, and even an?innovation lab. A more detailed plan for this business is being developed as an integrated part of our strategy.

Equinor Energy Ventures
Equinor Energy Ventures is our venture capital fund dedicated to investing in attractive and ambitious growth companies in renewable energy, supporting our strategy of growth in new energy solutions. The fund will invest up to USD 200 million (around NOK 1.7 billion) over a period of four to seven years.

Energy Perspectives and the role of renewables

We recognise the strong role renewable energy sources will play in the future, and examine this more closely in our annual Energy Perspectives Report.


Energy Perspectives is an independent report prepared by Equinor analysts, describing three possible development paths for the world economy, international energy markets and energy-related greenhouse gas emissions.