Equinor announced on June 26, 2026, that it will terminate its offshore wind operations in Japan. The company plans to close its Tokyo office by the end of the year. This decision follows a strategic reassessment to prioritize more integrated power markets.
The Norwegian energy firm originally entered the Japanese market in 2018. Equinor failed to secure any licenses during the country's offshore wind auctions. The company also recently abandoned its 2030 renewable capacity target.
This withdrawal aligns with similar pullbacks from other international offshore wind projects. Equinor stated that experience gained in Japan will benefit its remaining global ventures. Reports have not yet detailed a specific market reaction to the announcement.