Article

Equinor is advancing its renewable energy initiatives in South Korea, focusing on projects like the Bandibuli floating offshore wind farm and the Donghae1 project, which collectively aim to contribute up to 6 GW of offshore wind capacity by 2034. However, the company faces significant challenges, including bureaucratic hurdles, delays in approvals, and missed deadlines for state support, which threaten its ability to align with South Korea's renewable energy goals amid a complex energy market.