Equinor Cancels Plan for Vietnam's Offshore Wind Sector

Equinor ASA (EQNR) , a Norwegian energy firm, has announced its withdrawal from Vietnam's offshore wind sector. The company has scrapped its plan to invest in the offshore wind segment of the Southeast Asian country. This announcement is seen as a major blow to Vietnam's ambitions to reduce the usage of coal and shift to cleaner alternatives. Vietnam's Renewables Targets and Regulatory Hurdles Vietnam has highlighted that it intends to develop wind farms with a capacity of 6 gigawatts (GW) by 2030. Currentl ...