When Denmark's Dong Energy, one of the leading energy groups in the Nordic region, publishes its annual report on 11 March, it will present for the first time a collective climate strategy for the entire group. Anders Eldrup, CEO of Dong Energy has revealed in advance to financial daily newspaper Børsen that one of the group's new objectives is to triple its renewable energy capacity by 2020, with most of it being supplied by offshore wind turbines.
"It is quite an ambitious objective. Especially if you consider that the dominant proportion of the new capacity will come from offshore wind turbines, which is well-known to be somewhat more difficult to manage than wind turbines on land", said Eldrup.
Based on prices for building four offshore wind turbine parks, three in Great Britain and one in Denmark, which Dong Energy is currently involved in, Børsen has estimated that in order to fulfil the new objective, Dong needs to invest approx. DKK 10bn (USD 2bn) from 2010 to 2020.
"We are today the energy company which has focused most on offshore wind turbines. It is our intention to continue to do so," Eldrup commented. Of the 10 offshore wind turbine parks that exist worldwide today, Dong Energy in involved in five.
Dong Energy's new climate strategy will also include the company's activities in the development of 2nd generation bioethanol, carbon capture & storage – the development of a technology to store CO2 below ground – and integration of wind energy into existing energy systems.
Dong Energy was founded in 2006 as the result of a merger of six Danish energy companies - Dong, Elsam, Energi E2, Nesa, Copenhagen Energy’s power activities and Frederiksberg Forsyning. Dong Energy employs approx 4,500 people and in 2006 generated revenues of DKK 36.6bn (USD 7.3bn).