Dong Energy to invest billions in renewable energy  

2006.09.19
Dong Energy, a leading Nordic energy group headquartered in Denmark, plans to invest DKK 10 bn in renewable energy over the next four years

Dong Energy, a leading Nordic energy group headquartered in Denmark, plans to invest DKK 10 bn (USD 1.7 bn) in renewable energy over the next four years. The investment will be in wind turbines, in particular large offshore wind turbines, bioethanol, hot water from below ground and water power.

The Danish government has an expansive plan on the way, which has not yet been published, to invest billions in renewable energy to protect the environment and limit oil consumption. Anders Eldrup, director of Dong Energy says: "As one of the world's leading players in wind turbine energy we highly prioritise renewable energy. It is clearly an advantage if the government wants to further stimulate renewable energy."

Dong Energy owns significant stakes in Denmark's two offshore wind turbine parks, and the energy group has won orders to build two more in the same locations. "With the two new projects we will double the capacity in this area in Denmark, says Eldrup."

Next week Barrow Offshore Wind Turbine Park, off the UK west coast, will be inaugurated. Dong Energy and Centrica, a British energy company, have built the park comprising 30 wind turbines with a total capacity of 90 MW. Barrow will provide sufficient electricity to supply 65,000 British households. The news was reported by national daily newspaper Berlingske Tidende.

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