EnergyWatch

Equinor CFO sees fewer green projects with good returns

"There are major sums available to projects in renewable energy, and that pulls margins down," says the CFO of Norwegian oil major Equinor.

Photo: Equinor

There is less money to be made than previously on projects in renewable energy, including wind farms, according to Norwegian oil major Equinor's Chief Financial Officer Lars Christian Bacher.

In recent years, Equinor has focused more strongly on renewables, and the company is in the process of building several wind farms.

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