Equinor Withdraws From Australian Offshore Wind Projects

Key Takeaways Equinor declined a license for the 2 GW Novocastrian Offshore Wind Farm in New South Wales.The company also exited the Bass Offshore Wind Project, leaving Nexsphere as the sole owner.Minister Chris Bowen said Oceanex and Nexsphere now seek new global investors to proceed.Equinor ASA (EQNR) has announced that it will not proceed with its planned offshore wind projects in Australia, marking a significant setback for the country’s emerging renewable energy sector, per media reports.The decision a ...