Goldman Sachs Group Inc., which is paying $1.5 billion for a minority stake in Dong Energy A/S, will get veto powers enabling it to block strategic decisions, according to a Danish Finance Ministry document.
The U.K. government said it expects 40 billion pounds ($65 billion) of investment in renewables by 2020 after shifting incentives toward offshore wind power and away from projects on land in areas where residents object.
Electricite de France SA and GDF Suez SA, the country’s biggest gas and power utilities, are vying to develop two 500-megawatt wind projects off northwestern France in a push to expand clean-energy output.
Chevron Corp., the world’s second- largest non-state energy company by market value, said its Rosebank oil discovery off the coast of Scotland would be unprofitable to bring into production at this time.
Goldman Sachs Group Inc. will buy an 8 billion-krone ($1.46 billion) stake in Dong Energy A/S, Denmark’s largest utility, which is shoring up its balance sheet after losing money on failed natural gas bets.