Equinor to ‘compete fiercely’ on future projects, following ScotWind snub

Equinor to ‘compete fiercely’ on future projects, following ScotWind snub

Evaluating the company’s 2021 results, executives from the Norwegian energy giant spoke of their disappointment at not securing capacity in the recent ScotWind auction, but said it would not change their renewables strategy.

Speaking during an analyst briefing following the publishing of the company’s full-year results, executives noted increasing competition in the renewables market, particularly when it came to areas such as offshore wind.

The results of January’s ScotWind auction saw Big Oil well represented, with successful bids from consortia that included energy majors such as BP, Shell and TotalEnergies, though Equinor’s 1GW scheme did not make it to the shortlist.