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Australia’s Offshore Wind Plans in Limbo as Equinor Leaves Project ...Middle East
Norwegian energy major Equinor has walked away from a third offshore wind development project in Australia in another blow to the federal government’s plan to build an offshore wind industry. Earlier this year, Equinor quietly walked away from the Bass Offshore Wind Energy project near the coast of Tasmania, as the oil and gas giant reduced its investments in renewables to boost returns for shareholders and adapt to an “uneven energy transition.” In a short statement to Australia’s Financial Review, Equinor and its partner…
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