Trollvind offshore wind project put on hold
Equinor will postpone a further development of the Trollvind offshore wind initiative indefinitely. This decision is based on several challenges facing the project, including technology availability, rising cost and a strained timetable to deliver on the original concept. The authorities have been informed about the decision.
Equinor has previously announced reduced activity in the project due to technical, regulatory, and commercial challenges to the project.
Behind the decision of putting Trollvind on hold are several challenges facing the broader offshore wind industry. Rising costs have challenged the original concept that Trollvind would not require any financial support and it is no longer a commercially sustainable project.
Furthermore, changes in the technical solutions due to preferred technology not being available has made the concept less viable. Finally, time was always going to be a challenge with the proposed timeline, and despite all the big effort it has not been possible to mature Trollvind to the level needed to go forward at this time.
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