July 28, 2016 3:59 AM ET

Electric Utilities

Company Overview of DONG Energy AS

Company Overview

DONG Energy AS explores for and produces oil and natural gas, generates electricity and heat, and supplies energy to residential and business customers. Its Wind Power segment develops, constructs, owns, and operates offshore wind farms in Denmark, the United Kingdom, Germany, the Netherlands, and the United States. The company's Bioenergy & Thermal Power segment engages in power and heat generation from combined heat and power plants in Denmark and a gas-fired power plant in the Netherlands. Its Distribution & Customer Solutions segment distributes and sells power and gas in the wholesale and retail markets in Denmark, Sweden, Germany, and the United Kingdom. The company's Oil & Gas segment...

Kraftværksvej 53 - Skærbæk

Fredericia,  7000

Denmark

Founded in 1972

5,436 Employees

Phone:

45 99 55 11 11

Fax:

45 99 55 00 11

Key Executives for DONG Energy AS

Chief Executive Officer, President and Member of Executive Board
Age: 49
Total Annual Compensation: kr10.9M
Chief Financial Officer, Executive Vice President and Member of Executive Board
Age: 51
Total Annual Compensation: kr6.1M
Compensation as of Fiscal Year 2015.

DONG Energy AS Key Developments

DONG Energy Reportedly Seeks To Sell A2SEA

DONG Energy AS (CPSE:DENERG) is planning to divest A2SEA A/S, according to sources of the newspaper Børsen. According to sources, FIH Partners will handle the divestment.

Dong Energy Wins Tender for Dutch Offshore Wind Farms

The Netherlands' Minister of Economic Affairs has awarded DONG Energy the concession to build the Netherlands' offshore wind farms Borssele 1 and 2. DONG Energy won the concessions with an average bid strike price, excluding transmission costs of EUR 72.70 per MWh during the first 15 years of the contract. After that, the wind farms will receive the market price. The wind farms' capacity of two times 350MW will translate into supply of CO2-free electricity covering the annual power consumption of approximately one million Dutch households.

DONG Energy to Build German Offshore Wind Farm Borkum Riffgrund 2

DONG Energy has decided to build the German offshore wind farm Borkum Riffgrund 2, which is expected to be fully commissioned in the first half of 2019. With this decision, DONG Energy will reach 6.7GW of installed offshore wind capacity, exceeding the 2020 target of 6.5GW installed capacity. Borkum Riffgrund 2 will have a total export capacity of 450MW, and will feature the wind turbines in German waters: 56 units of MHI Vestas' 8MW wind turbines with rotor spans of 164 meters. The offshore wind farm will supply CO2-free power corresponding to the annual electricity consumption of approximately 460,000 German households. Borkum Riffgrund 2 will be located 54km off the coast of Lower Saxony, next to one of DONG Energy's other wind farms, Borkum Riffgrund 1. For the first approximately ten years of production from Borkum Riffgrund 2, DONG Energy will receive a fixed price per kWh of electricity produced.

Similar Private Companies By Industry

Company Name Region
ELRO Europe
Energi Danmark A/S Europe
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Energi Horsens Net A/S Europe
Energimidt A/S Europe

Recent Private Companies Transactions

Type
Date
Target
Buyback
May 26, 2016
--
Merger/Acquisition
May 10, 2016
DONG Gas Distribution A/S
Merger/Acquisition
May 10, 2016
Eolien Maritime France SAS
 

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