Pål Eitrheim, Equinor’s executive vice president for New Energy Solutions, spoke to Recharge hours after the announcement of its landmark US offshore wind deal with BP.
Through this deal, you are partnering with a very big rival in the oil & gas sector. Equinor already has a head start in offshore wind, which BP doesn’t. Aren’t you helping BP to catch up?
This is a transaction that creates value and increases returns of the US East Coast early-phase assets that we have in our portfolio.