Equinor ASA announced the sale of a 50% stake in a Norwegian renewables developer, marking a strategic retreat from its wind and solar portfolio. The transaction follows Equinor's decision to halve its renewable energy capacity target, signaling a shift in focus toward oil and gas operations. The unnamed developer, previously part of Equinor's renewable energy expansion efforts, will now operate independently with reduced ownership ties to the Norwegian energy giant. The deal reflects broader industry trends where traditional oil companies reassess their clean energy commitments amid fluctuating market conditions. Equinor's CEO Anders Opedal confirmed the divestment as part of a broader portfolio optimization strategy.