• 4 minutes What If Canada Had Wind and Not Oilsands?
  • 8 minutes EU Confirms Trade Retaliation Measures vs. U.S. To Take Effect on June 22
  • 17 minutes Could oil demand collapse rapidly? Yup, sure could.
  • 3 hours Tariffs to derail $83.7 Billion Chinese Investment in West Virginia
  • 3 hours U.S. Withdraws From U.N. Human Rights Council
  • 3 hours EU Confirms Trade Retaliation Measures vs. U.S. To Take Effect on June 22
  • 7 hours Could oil demand collapse rapidly? Yup, sure could.
  • 1 hour What If Canada Had Wind and Not Oilsands?
  • 3 hours "The Gasoline Car Is a Car With a Future"
  • 7 hours North Korea, China Discuss 'True Peace', Denuclearization
  • 42 mins Russia's Energy Minister says Oil Prices Balanced at $75, so Wants to Increase OPEC + Russia Oil by 1.5 mbpd
  • 8 hours WE Solutions plans to print cars
  • 5 hours Kaplan Says Rising Oil Prices Won't Hurt US Economy
  • 3 hours EVs Could Help Coal Demand
  • 8 hours Gazprom Exports to EU Hit Record
  • 4 hours Saudi Arabia turns to solar
  • 1 day Are EVs Safer Than Combustion Engine Vehicles?
  • 13 hours Hey Oil Bulls - How Long Till Increasing Oil Prices and Strengthening Dollar Start Killing Demand in Developing Countries?
  • 22 hours Oil prices going down
Goldman: Expect Another Bull Run In Oil

Goldman: Expect Another Bull Run In Oil

While oil prices are tumbling,…

Dong Energy Buys Three Offshore Wind Farm Projects

Dong Energy has taken another step to achieve its objective of becoming the leading energy utility in the German offshore wind sector, by purchasing three major offshore wind projects in the North Sea.

Dong Energy has confirmed that it bought 100 percent of Gode Wind projects 1, 2, and 3 from the German developer, PNE Wind. €57 million will be paid up front, with a further €100 million more to be paid if Dong decides to invest up to €157 million to develop 900MW of new capacity at the wind farms.

Gode Wind projects 1 and 2 have already been approved by the German authorities, and Gode Wind 3 is expected to receive a permit next year.

Carsten Krogsgaard , Dong Energy’s acting chief executive, said that “offshore wind is a central part of Dong Energy's overall strategy, and the acquisition of the three Gode Wind projects strengthens our already ambitious development pipeline in German waters. The Gode Wind projects in Germany are very interesting for us as we expect that, if positive investment decision is taken, construction of parts of the projects could begin by 2015 due to the available grid connection confirmations.”

By. Charles Kennedy of Oilprice.com


x

Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News