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Home » News » Equinor’s Renewables Unit Reports Losses in Q1 2023 Results Despite Increased Investment in Renewable Energy Projects
News

Equinor’s Renewables Unit Reports Losses in Q1 2023 Results Despite Increased Investment in Renewable Energy Projects

By Philip BrooksMay 4, 20232 Mins Read
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Credit: Equinor
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Equinor, the Norwegian energy company, has reported a loss of $83m in adjusted earnings for its renewables business in the first quarter of 2023. This marks a significant decline from a loss of $10m in the same period last year. The net operating loss for the quarter was $89m, compared with an operating income of

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