Offshore

Equinor to Exit Japan Offshore Wind Market and Close Tokyo Office by 2026

Equinor will exit Japan’s offshore wind market, close its Tokyo office by the end of 2026, and narrow its renewables focus to integrated power markets.

Image source: Equinor

27, June 2026
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Equinor has confirmed it will stop pursuing offshore wind opportunities in Japan as it reshapes its renewables strategy around integrated power markets where it already has established positions.

The company said the move is part of a decision to reduce its geographical footprint. It added that the knowledge gained from its work in Japan will continue to support its offshore wind capabilities.

Equinor entered the Japanese market in 2018 but did not secure leases through the country’s offshore wind auctions. Its Tokyo office will close by the end of 2026.

The decision follows recent exits from offshore wind markets in Vietnam, France, Spain and Portugal. The company cited rising costs as the reason for those withdrawals.

Earlier this month, Equinor also removed its target of reaching 10–12 GW of installed renewable energy capacity by 2030. CEO Anders Opedal said project economics had become less favorable since the target was set.

Tags: energy transition, Equinor, Japan offshore wind, offshore wind, Offshore Wind Auctions, renewable energy, Tokyo Office

Editorial Note:
This article was prepared with the assistance of AI tools to enhance clarity and efficiency.
All information has been reviewed and verified by the HMT News editor.

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