Danish energy company DONG Energy has announced its plan to change its name to Ørsted to reflect the company's focus on renewable energy moving forward as it abandons fossil fuels altogether. The rebranding follows DONG's divestment of its upstream oil and gas business earlier this year. DONG Energy said on Monday it has called for an Extraordinary General … [Read more...]
Offshore Wind Costs Fall Below New Nuclear Plants in U.K.
By Anna Hirtenstein (Bloomberg) -- The cost of generating electricity from offshore wind farms fell sharply in the U.K. to below the price the next nuclear reactors will charge, making the form of clean energy one of the cheapest ways to supply the grid. In a government auction that handed out power-purchase contracts worth 176 million pounds ($232 million) a year, … [Read more...]
DONG Energy to Build World’s Biggest Wind Farm in UK North Sea
Danish energy company DONG has been awarded a contract to build the world's largest offshore wind farm in the UK sector of the North Sea. With a massive capacity of 1,386MW, the Hornsea Project Two offshore wind farm will be capable of producing enough electricity to power 1.3 million homes in the UK. Once fully operational, it will be the world’s biggest wind farm, even … [Read more...]
DONG Energy Settles Hejre Platform Dispute, Clearing Hurdle for Oil Unit Sale
COPENHAGEN, May 4 (Reuters) - DONG Energy said it has reached a settlement with Daewoo Shipbuilding & Marine Engineering and Technip over who bears responsibility for construction errors concerning an offshore platform for the idled Hejre field. The settlement clears a major hurdle for the Danish company's plans to divest its oil and gas unit to focus on its growing … [Read more...]
Denmark To Build Offshore Wind Turbine Higher Than Eiffel Tower
by Jess Shankleman (Bloomberg) Offshore wind turbines are about to become higher than the Eiffel Tower, allowing the industry to supply subsidy-free clean power to the grid on a massive scale for the first time. Manufacturers led by Siemens AG are working to almost double the capacity of the current range of turbines, which already have wing spans that surpass those of … [Read more...]