Dong Energy News
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The future of the U.K.’s 40-year-old oil and gas industry lies on a stretch of windswept bogland in the Shetland islands 200 kilometers (124 miles) north of Scotland.
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Methil port north of Edinburgh, once the focus of Scotland’s coal exports, is set to tap a greener kind of energy as Samsung Heavy Industry Co. constructs the world’s biggest wind turbine in the town’s faded harbor.
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An oil and gas leak at BP Plc’s Ula field could have caused a deadly explosion, Norwegian regulators said. They ordered the company to review maintenance procedures after discovering “serious breaches.”
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Drax Group Plc got a 75 million pound ($115 million) loan from insurer Friends Life to convert the largest U.K. coal-fired power station to burn biomass.
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Siemens AG agreed to supply 924 megawatts of wind turbines to Dong Energy A/S projects off Germany, signaling that obstacles to the industry’s expansion are easing.
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Chancellor Angela Merkel’s sweeping plan to transform Germany into a green-energy giant almost destroyed Nordseewerke GmbH, one of the country’s leading makers of wind-turbine foundations.
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London Array, the world’s largest operating wind farm at sea, set the last of its 175 turbines whirling as backers EON SE, Dong Energy A/S and Masdar Abu Dhabi Future Energy Co. seek to cut costs by building at scale.
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Poland plans to cut renewable-energy subsidies after an economic slump boosted the budget deficit, the deputy economy minister said.
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Dong Energy A/S, Denmark’s largest non-financial issuer of bonds, said it could seek more than 8 billion kroner ($1.4 billion) in equity after losing money on natural gas investments.
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U.K. renewable power generation surged 20 percent last year, boosted by new offshore wind farms, the Department of Energy and Climate Change said.
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