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Wind blows earnings through the roof at Dong

Dong Energy's wind business is delivering outstanding earnings, supported by strengthened income from the operationalization of new offshore wind farms and more actual wind. Within a few years, the company will be able to afford more investments than originally anticipated.

Photo: Lars Krabbe

The first half of 2017 was exceptionally kind to Denmark's Dong Energy. The company delivered good news over a period where it not only sold its oil division but also connected several wind farms. It also sold a large owner's stake in the British offshore wind farm Race Bank.

All in all, the positive development is evident in the H1 interim report, which Dong Energy released Thursday morning. As indicated during the sale of Borkum Riffgrund, Dong is upgrading EBITDA outlook for the full year from DKK 15-17 billion to DKK 17-19 billion (EUR 2.29-2.55 billion). The actual sale of Borkum Riffgrund will be included in the next quarterly report from Dong.

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