Concerns raised over Equinor's growing project finance debt for renewables

Norwegian giant says off-balance sheet debt common practice for offshore wind projects, but some fear increasing market competition will drive down expected returns

Winds of change: Equinor's chief executive Anders Opedal (left) announced increased ambitions for renewable energy when he took over the helms from Eldar Saetre (right) in November last year — Winds of change: Equinor's chief executive Anders Opedal (left) announced increased ambitions for renewable energy when he took over the helms from Eldar Saetre (right) in November last yearPhoto: CARINA JOHANSEN/NTB/SCANPIX

Ole Ketil Helgesen

Stavanger

Equinor UK Norway

Published 25 February 2021, 06:35Updated 1 March 2021, 17:48