Equinor ends offshore wind plans in Japan, to close Tokyo office

Key Facts

As major energy firms scale back offshore wind ambitions outside core markets, Equinor announced it will end its offshore wind business in Japan and close its Tokyo office by the end of 2026, as stated on its website and reported by Reuters. No specific reasons were provided.

The withdrawal comes amid global headwinds for offshore wind, including rising costs and regulatory delays. While Equinor did not elaborate, industry reports highlight challenges in Japan's market. EQNR shares closed at $31.56 on June 25, 2026 per market data, trading in a range of $30.83–$31.63.

Investors are watching for further signals on Equinor's Asia strategy and potential redeployment of capital. With no firm-specific catalysts on the near-term calendar, technical levels around the recent trading range may serve as key support and resistance.