Equinor ASA (EQNR) , a Norwegian energy firm, has mentioned that it plans to cut back on its investments in renewable energy till 2030. The announcement followed shortly after EQNR acquired a 9.8% stake in Ørsted, a Danish wind energy group. In October, the company had announced its decision to acquire a stake in Ørsted for $2.5 billion. Equinor also noted that it plans to increase the acquired stake to 10%. The deal is contingent upon regulatory approval.Addition to EQNR’s Renewables PortfolioThe company s ...