The Norwegian energy firm will close its Tokyo office by year-end as it refocuses on integrated power markets over renewables.
Equinor will withdraw from Japan’s offshore wind market and shut its Tokyo office by December 31, citing a strategic pivot toward integrated power markets. The move reflects a broader realignment of its non-oil and gas portfolio, the company stated.
Japan had been a key growth market for Equinor’s renewable energy ambitions, but the decision aligns with a sharper focus on power market integration rather than standalone wind projects. The company will maintain other investments in Japan, though its offshore wind operations will cease.
No immediate market reaction was disclosed, but the exit signals a reduced appetite for offshore wind in Asia amid shifting corporate priorities.