Australia Grants Equinor Feasibility License For Offshore Wind Project: Report
Portfolio Pulse from Lekha Gupta
The Australian government has granted Equinor ASA and Oceanex Energy a feasibility license for an offshore wind project off the east coast. The project, if feasible, could generate over 2 GW of electricity. This move aligns with Australia's goal to reach net zero emissions by 2050.
June 20, 2024 | 10:33 am
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POSITIVE IMPACT
Equinor ASA has been granted a feasibility license for an offshore wind project in Australia, potentially generating over 2 GW of electricity. This aligns with Australia's renewable energy goals.
The feasibility license allows Equinor to conduct necessary assessments for a significant renewable energy project. If successful, it could lead to a commercial license, boosting Equinor's renewable energy portfolio.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Pacer Developed Markets International Cash Cows 100 ETF (ICOW) includes Equinor, which has received a feasibility license for a large offshore wind project in Australia.
ICOW holds Equinor, which is advancing in the renewable energy sector with a new project. This development could enhance the ETF's value as Equinor's renewable projects progress.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Macquarie Energy Transition ETF (PWER) provides exposure to Equinor, which has been granted a feasibility license for a major offshore wind project in Australia.
PWER holds Equinor, which is involved in a significant renewable energy project. This could positively impact the ETF's performance as Equinor's renewable energy initiatives progress.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50