Danish energy group Ørsted has lifted its 2017 profit outlook after striking a US$2.65 billion deal for half of its stake in the world’s biggest offshore wind farm. The company previously known as DONG Energy will divest a 50% stake in the Walney Extension project off...
DONG Energy (CPH:DENERG) has changed its name to Ørsted in a move which finally confirms the end of the road for its oil and gas business and the beginning of its sole focus on renewable energy. The company’s chairman Thomas Thune Andersen said DONG, an acronym...
DONG Energy (CPH:DENERG) has confirmed it will build the world’s largest offshore wind farm after it was awarded the contract for the 1.4GW Hornsea 2 wind power project in the UK. The Danish renewable energy giant will deliver the project at a strike price of £57.50...
DONG Energy hopes to install a 2MW battery storage system at its giant offshore Burbo Bank wind farm in the UK by the end of the year. The Danish energy firm claims the hybrid system will be an industry first, boosting grid stability at the 90MW...
DONG Energy (CSE:DENERG) has confirmed it will sell the entirety of its upstream oil and gas business to Ineos, in a deal totalling US$1 billion. Chief executive Henrik Poulsen revealed the divestment is part of the Danish company’s continued evolution towards becoming a pure play renewable...
Danish energy company Dong Energy has officially unveiled its giant Burbo Bank wind farm off the Northwest coast of the UK, which is home to the largest wind turbines in the world. The large-scale offshore facility has just begun generating electricity in Liverpool Bay from a...
DONG Energy (CPH: DENERG) has announced it intends to stop ‘all use of coal’ by 2023. The Danish energy firm is an oil and gas producer but claims to be a global leader in offshore wind power, and has been focused on reducing its carbon footprint...
