Denmark

Denmark

Dong to quadruple offshore capacity by 2020

3.5GW target for end-2016, aiming for 6.5GW by 2020

Dong Energy is aiming for 6.5GW of operating offshore wind capacity in north-west Europe by 2020, with an intermediate target of 3.5GW by end-2016. This compares with an operational portfolio of 1.7GW at the end of 2012.

The Danish energy company has also set itself a cost reduction target, intending to drive down generation costs to below €100/MWh by 2020. This would represent at least 47% less than Germany's current feed-in tariff for offshore wind generation, which is set at €190/kWh.

At DKK7.8bn (€1.0bn), offshore wind accounted for just 9% of Dong’s 2012 intergroup revenue of DKK86.7bn, but employed 1,951 staff, or 34% of Dong’s 5,670 headcount.

For a full report on Dong's 2012 financial accounts and offshore wind strategy see Dong banks on 'high-growth, competitive' technology.

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Windpower Offshore Events

Latest Offshore Wind Jobs