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Equinor puts 1GW Trollvind on ice

Norwegian oil giant Equinor has put on hold its planned 1GW Trollvind floating wind project in Norway due to commercial challenges.

The company said the project is facing challenges including the availability of technology, rising costs and an unrealistic timetable for delivery.

"We no longer see a way forward to deliver on our original concept of having an operational wind farm well before 2030," said Siri Espedal Kindem, Equinor's vice president of renewables in Norway.

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