Norwegian energy company Equinor has canceled its offshore-wind projects in Spain and Portugal, in addition to its previously announced exit from Vietnam, and could withdraw from more countries to rein in spending, an executive told Reuters on Wednesday.
“We have been actively pursuing early-phase opportunities in a series of markets around the world, in different geographies, and we confirm that we are exiting Vietnam, Spain and Portugal,” Equinor’s head of renewables, Paal Eitrheim, said.
Local media first reported the exit from Spain and Portugal on Tuesday.
State-controlled Equinor needs to prioritise capital…
