Equinor is dialling back its exposure to renewables, offloading a significant stake in Scatec ASA in a move that underscores a sharper focus on capital discipline and shareholder returns amid heightened energy market volatility. In an announcement early Tuesday, Equinor said it sold 8.07% of Scatec ASA at NOK 125 per share, generating gross proceeds of approximately NOK 1.6 billion ($150 million). Following the transaction, Equinor retains an 8.05% stake and has agreed to a 90-day lock-up on its remaining shares. Scatec confirmed the transaction…
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