Holding Statement on Bandibuli 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 relevant authority, Equinor will now assess the way forward for the project.