Norwegian energy player Equinor ASA says it has successfully produced 1.25TWh of electricity from renewables in 2018, a 50% improvement year-on-year.
According to the company’s 2018 sustainability report, it has furthered its offshore wind and solar projects by a combined capacity of 1.3 GW, of which 750MW are self-owned.
The company also launched commercial operations at the 162-MW Apodi solar park in Brazil, in partnership with Norway’s Scatec Solar, and the 385-MW Arkona offshore wind farm in Germany, which is co-owned by E.ON.
The Norwegian utiity has also acquired stakes in offshore wind and solar projects, as well as winning an auction for an offshore wind lease in Massachusetts USA.
“Equinor is developing as a broad energy company, and we are gradually building a profitable portfolio within renewable energy,” said CEO Eldar Saetre. He added that renewables have opened a range of opportunities for the company, while diversifying its portfolio and, making it more resilient, both strategically and financially.