The Norwegian energy firm will close its Tokyo office by 2026 after failing to secure project leases in Japan’s offshore wind auctions.
Equinor will withdraw from Japan’s offshore wind sector and shut its Tokyo office by the end of 2026. The move follows a strategic review prioritizing integrated power markets over offshore wind development in the region.
The company entered Japan in 2018 but failed to win leases in public auctions, despite collaborations with local partners and authorities. Equinor will maintain ties with Japanese firms in technology, commodities, and supply chain sectors.
No immediate market reaction was reported following the announcement.