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Equinor to End Japan Offshore Wind Work but Keep Other Japan Investments
Equinor announced on June 26, 2026, that it is exiting Japan's offshore wind market. The Norwegian company will close its Tokyo office by the end of 2026 and redirect efforts toward integrated power markets.
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Equinor is ending its offshore wind business activities in Japan and will close its Tokyo office by the end of 2026, OilPrice.com reported. The Norwegian company announced the decision on June 26, 2026. “This decision reflects a reassessment of Equinor’s strategic direction, with a strengthened focus on integrated power markets,” the company said.
Japan will remain an important country for Equinor, which will continue to invest in longstanding relationships with Japanese companies in technology development, commodities, capital markets, and the supply chain. Equinor entered the Japanese offshore wind market in 2018. In 2020 it teamed up with Jera and J-Power to bid in Japan’s offshore wind auctions but has not won any leases to date.
Last year Mitsubishi Corporation dropped plans to develop three offshore wind projects it had been selected to operate in December 2021. Equinor remains active in offshore wind markets in the UK, Poland, and Norway after withdrawing from Spain, Portugal, and France.
At its Capital Markets Day 2026 earlier this month, the company said it is concentrating power growth ambitions in selected markets where integration with a broader energy offering is achievable.
