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EQNR's US Wind Projects Incur $955M Impairment Over Regulatory Changes
EquinorEquinor(US:EQNR) ZACKS·2025-07-25 22:42

Key Takeaways Equinor reported 955MinimpairmentstiedtoU.S.offshorewindprojectsinQ2earnings.Policyshifts,risingcosts,andreducedincentiveshurtEmpireWindandSouthBrooklynassetvalues.955M in impairments tied to U.S. offshore wind projects in Q2 earnings.Policy shifts, rising costs, and reduced incentives hurt Empire Wind and South Brooklyn asset values.763M of impairments stem from Empire Wind 1 and South Brooklyn; Phase 2 may not proceed without tax credits.Equinor ASA (EQNR) , a Norwegian integrated energy company, stated that it has incurred impairment costs of $955 million associated with its U.S. offshore wind projects. During its second-quarter ear ...