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July 23,2025

Equinor Takes $955M Hit on US Offshore Wind Projects

Equinor recorded a USD 955 million impairment in Q2 2025 due to regulatory and tariff challenges affecting its US offshore wind projects. USD 763 million relates to Empire Wind 1/South Brooklyn Marine Terminal, and USD 192 million to Empire Wind 2. Net operating income fell to USD 5.72 billion, and net income to USD 1.

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