Equinor consolidates power business as demand grows

STAVANGER, April 11, 2025 – Equinor has created a new business area to integrate renewables with flexible power assets, the company said on Wednesday.

The new unit, called PWR, will combine the company’s offshore and onshore wind and solar portfolio with gas-to-power plants and energy storage assets, aiming to enhance value creation and competitiveness in the power market.

“By combining our renewables portfolio with our flexible power offering, we strengthen our competitiveness and value creation in the power market,” Equinor CEO Anders Opedal said.

“This reinforces our capability to deliver high returns and the continued disciplined growth in power production.”

The company said the integration will ensure a more holistic approach to power and markets, while gas and power trading and market analysis will remain under the Marketing, Midstream and Processing (MMP) unit. Segment reporting between PWR and MMP will be reviewed during the transition.

Photo © Equinor

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