Dong Energy's operating income from the wind division was less than impressive in this year's first quarter. The absence of offshore wind farm divestments prompted figures on the top and bottom line to look downright weak.
This is especially true in comparison with last year's first quarter, when vast sums poured in from payments on German farms Gode Wind 1 & 2 and the sale of half of the British extension farm for Burbo Bank. Furthermore, the downturn in revenue for construction contract work was almost cut in half while the EBITDA result declined by 80 percent to just DKK 311 million.
Already a subscriber? Log in.
Read the whole article
Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.
Start a free company trial todayMore from EnergyWatch
H2 Energy calls for political courage, high carbon levy
Swiss firm H2 Energy, set to establish a 1GW hydrogen facility in Denmark, sees the transformation of heavy transport as a low-hanging fruit and calls for political courage to secure offtakers.
WindEurope warns against negative auction bids
If more countries introduce negative bids, where firms pay to establish wind projects, it could lead to higher electricity bills or more pressure on the supply chain, says the industry association.
BW Offshore halved bottom line in Q1
The Norwegian firm reports decline in several items compared to the same quarter of 2021 but predicts fine advancement in the rest of 2022, for which both floating wind projects and high energy prices show promise.
Equinor exits Russia
Norwegian oil company Equinor has taken its final step out of the Russian market by transferring joint venture assets to Rosneft.
Better Energy enters 1GW Finnish collaboration
Solar panel developer Forus is teaming up with Better Energy on the sustainable development of solar farms in Finland.
Specialist who can develop our GIS systems 
Head of department for digital change journey 
Project assistant 
Energy specialists - sales and consulting of heat pump solutions 
Senior Market Director, Power Transmission 
Junior Analyst for Power Solutions 
Team Manager 
Industry specialist and architect - Energy & Utility 
Experienced Contract Manager for one of the world's most important green projects 
Marine Sales Executive - Performance Coatings 
Data analyst / data scientist to develop the Danish electricity distribution network and support green transformation of Denmark 
Senior Risk Analyst 
Senior Logistics Site Manager