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EQNR's US Wind Projects Incur $955M Impairment Over Regulatory Changes
ZACKS· 2025-07-25 22:42
Key Takeaways Equinor reported $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 ...