Investors have been concerned about how much money Equinor will spend on growing in alternative energy sources. Towards 2030, Equinor has a target for total installed capacity in renewable energy of 12 to 16 gigawatts (GW), and the company chose to maintain this.
– I have great faith that this will be a large and good store for Equinor in the future. The eye of the needle with us has become narrower. We have said no to a lot to ensure that we go into the best projects, says Eitrheim.
The oil giant also has the goal that half of the investments should go to the renewable investment by 2030 and that the return should be between 4 and 8 percent in the projects.
– We have emphasized that we must be disciplined and deliver a profitable store. In recent years, Havvind has faced major challenges in the form of inflation, interest rates, constant levels and bottlenecks which have made it much more demanding to deliver profitable projects, says the renewables manager.
Now he believes this can turn around.
See the full interview above.