For 2024 Equinor Says Renewable Power Generation To Increase By 50% YoY; Sees $12B-$13B Capital Expenditure
Portfolio Pulse from Benzinga Newsdesk
Equinor plans to increase its renewable power generation by 50% year-over-year in 2024, with a projected capital expenditure of $12 billion to $13 billion.
October 24, 2024 | 5:10 am
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Equinor is set to boost its renewable power generation by 50% in 2024, with a significant capital expenditure of $12B-$13B, indicating a strong commitment to renewable energy expansion.
The announcement of a 50% increase in renewable power generation and a substantial capital expenditure signals Equinor's strong focus on expanding its renewable energy portfolio. This is likely to positively impact investor sentiment and the stock price in the short term.
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