Important Notice on Bandibuli Project

fter considerable efforts to mature Equinor's first floating offshore wind project in Korea and make it commercially viable, we have decided to stop the Bandibuli project.

Over the years, Equinor has invested in maturing the project. We have undertaken community engagement, permitting, consenting and development activities, including seeking a viable power offtake solution to make Bandibuli investable and bankable.

We want to recognize the significant efforts of many stakeholders that contributed to seeking solutions for Bandibuli.

The future of our activities in Korea is under review and further information will be shared in due course.