Equinor will postpone a further development of the Trollvind offshore wind initiative indefinitely. Equinor has previously announced reduced activity in the project due to technical, regulatory, and commercial challenges.
Behind the decision to put 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 the lack of preferred technology have made the concept less viable. Finally, time was always going to be a challenge with the proposed timeline, and despite all the effort, it has not been possible to mature Trollvind to the level needed to go forward at this time. The authorities have been informed about the decision.
