BAKU, Azerbaijan, October 29. Norway’s Equinor saw a year-on-year decrease in electricity production from renewables in the third quarter of 2022, Trend reports with reference to the company.
“Total power production for the quarter ended at 491 GWh. Of this, 294 GWh is produced from renewable energy assets, down 3 percent from the same quarter last year mainly due to lower wind and higher maintenance activity. 197 GWh of the production was gas-to-power production from Triton Power in UK,” the company said in its latest report.
Equinor is progressing to grow the Norwegian Continental Shelf (NCS) as a hub for commercial CO2 storage, with Northern Lights JV signing the first commercial customer and being on track for start-up in 2024.
Equinor has entered partnerships to develop solutions for large-scale commercial CO2 storage with pipes from Europe to the NCS. In the UK, Equinor has applied to extend the operated Sheringham Shoal and Dudgeon windfarms with additional 719 MW. Equinor has also sanctioned the Blandford Road battery storage project, which will be the first commercial battery storage asset for the company and have a 25 MW/50 MWh capacity.
Equinor is executing 20 projects with overall good progress. There is limited impact from the rise in inflation and cost on the sanctioned portfolio, however some projects are impacted by global supply chain bottlenecks. On the NCS, the floating wind farm Hywind Tampen is currently being connected and will be completed in 2023. Johan Sverdrup phase 2 and Njord future are on track to come on stream in the fourth quarter of 2022. In the UK, the wind farm Dogger Bank is expected to bring its first phase into operation in 2023.
---
Follow the author on Twitter: @Lyaman_Zeyn