Holding Statement on Bandibuli Project
Holding Statement on the Bandibuli Floating Offshore Wind Project
We consider Korea to have the potential to develop into an attractive market for floating offshore wind due to the country’s wind resources and site conditions, localization of a world-class supply chain and climate ambitions.
Over the years, Equinor has invested in maturing the Bandibuli floating offshore wind project. We have undertaken community engagement, permitting, consenting and development activities, including seeking a viable power offtake solution to make the project investable and bankable.
Following the decision by the Wind Auction Committee of Korea Energy Agency, Equinor will now assess the way forward for the project.
Latest News
Equinor Fourth Quarter and Full Year 2024 Results
Equinor delivered adjusted operating income* of USD 7.90 billion and USD 2.29 billion after tax in the fourth quarter of 2024. Net operating income was USD 8.74 billion and net income was USD 2.00 billion, leading to adjusted earnings per share* of USD 0.63.
Equinor to present at GWEC APAC Wind Energy Summit 2024 in Songdo
- Participation of 10 global experts from Equinor across development, supply chain, and operational areas
- Supporting Korea’s renewable energy transition by leveraging global offshore wind leadership
Equinor reaffirms intention to invest in Korea’s renewable energy market
- Investment registration completed at the 2024 Invest Korea Summit following the investment declaration made in 2023 hosted by President Yoon
- Equinor seeks to support the development of Korea’s offshore wind industry and advancing the energy transition