Dong in a strong offshore position

Offshore wind in particular was the growth driver in the strong second quarter interim report for Dong Energy.

Photo: Dong Energy

Dong's offshore wind division, Wind Power, is the reason why the Danish utility was able to book a 70-percent increase in the second quarter's operating profit before depreciations and amortizations (EBITDA) for the whole business.

During the quarter, Wind Power was injected extra strength of DKK 1.4 billion (EUR 188 million) from the divestment of the Race Bank farm last year. The boost in the operating profit is not only due to the Race Bank payment, however, says Dong's CEO Henrik Poulsen.

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
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Ørsted forced to delay coal phase out

The Danish authorities have ordered Ørsted to continue operations of one coal fired power plant and resume operations on two others until 2024. The utilty maintains aim of CO2-neutrality in 2025.

Further reading

Related articles

Latest News

See all jobs