Equinor Strengthens Offshore Wind Portfolio With 9.8% Stake in Orsted
AROCArchrock(AROC) ZACKS·2024-10-08 23:30

Equinor ASA (EQNR) , a Norwegian state-owned energy company, has acquired 41.2 million shares in Orsted A/S, representing a 9.8% stake in the company. This acquisition makes Equinor the second-largest shareholder in Orsted, behind the Danish State, which holds a controlling interest in the company. The transaction underscores Equinor's commitment to broadening its renewable energy portfolio with a focus on offshore wind.Equinor’s Long-Term Vision for OrstedEquinor's CEO Anders Opedal emphasized that the com ...