May 24, 2017 11:25 PM ET

Multi-Utilities

Company Overview of Energinet.dk

Company Overview

Energinet.dk, together with its subsidiaries, owns and operates electricity and gas transmission grids. It also operates natural gas storage facilities; leases out antenna positions in high-voltage towers and unused capacity in the optical fiber cables; and sells energy consultancy services. The company is headquartered in Fredericia, Denmark.

Tonne Kjærsvej 65

Fredericia,  7000

Denmark

953 Employees

Phone:

45 70 10 22 44

Fax:

45 76 24 51 80

Key Executives for Energinet.dk

Chief Executive Officer, President and Member of Executive Board
Chief Financial Officer, Executive Vice President and Member of Executive Board
Age: 53
Chief Technology Officer, Executive Vice President and Member of Executive Board
Head of Information Management Team
Head of Planning and Scenarios, Planning
Compensation as of Fiscal Year 2016.

Energinet.dk Key Developments

TenneT TSO B.V., Energinet.dk and TenneT TSO GmbH to Sign an Agreement in Brussels on Developing Large Renewable European Electricity System in the North Sea

TenneT TSO B.V., Energinet.dk and TenneT TSO GmbH will sign an agreement in Brussels on March 23, 2017 that will press ahead on developing a large renewable European electricity system in the North Sea. TenneT unveiled its vision of the North Sea Wind Power Hub in June 2016. The close cooperation with Energinet.dk is an important next step towards accomplishing this vision and the 2050 climate goals formulated in the Paris Agreement (COP21). Discussions with other potential partners are ongoing, which not only include other North Sea transmission system operators (TSOs), but also other (infrastructure) companies. The goal is to achieve a multi-party consortium which will realize the North Sea Wind Power Hub project. By developing the North Sea Wind Power Hub, TenneT and Energinet.dk want to make the energy transition both feasible and affordable. Central to the plan is the construction of one or more islands, so called Power Link Islands with interconnections to surrounding countries, in the middle of the North Sea (Dogger Bank): to which many wind farms can be connected (possibly 70,000 MW to 100,000 MW); from where the generated wind energy can be distributed and transmitted over direct current lines to the North Sea countries of the Netherlands, Denmark, Germany, Great Britain, Norway and Belgium; where transmission cables will simultaneously function as interconnectors between the energy markets of the aforementioned countries. Besides transmitting wind electricity to the connected countries, these 'wind connectors' will enable the countries to trade electricity; where wind conditions are optimal. Solar energy and wind energy will be necessary on a large scale because achievement of the European targets for reducing CO2 emissions hinges largely on electricity produced sustainably. Wind and solar energy complement each other: there is more sun from spring to autumn, and more wind in the colder and darker months of the year. So a sustainable and stable energy system for the future will need solar and wind energy, both on a large scale. This requires optimum cooperation and synergy because it cannot be accomplished by individual member states on their own. The European political declaration of 6 June 2016 on energy cooperation between the North Sea countries was an important step in this direction. The vision of the three TSOs provides a basis, or point of departure, for a joint European approach up to 2050 and focuses specifically on developing the North Sea as a source of and a distribution centre for Europe's energy transition. The location of the Power Link (the island) should satisfy a number of requirements: optimal wind conditions, centrally located and in relatively shallow water. As a location for the island, the Dogger Bank meets all the conditions.

Energinet.Dk Signs Framework Agreement with Nexans Tosupply500km of Hv Cables

Energinet.dk has signed a framework agreement with Nexans S.A. for the delivery of around 500km of high voltage, or HV, cables. The cables will be used for a series of 170 kV projects from 2017 to reinforce the grid and meet the growing demand for energy in the region. The contract, worth more than E20 million, will see Nexans supply and install cables with a cross section of between 800 and 2,000 mm2. The cables will have a solid aluminium conductor and an aluminium wire screen. Energinet.dk will use the cables all over Denmark in different future cabling projects. The first project description is expected by Summer 2016 for delivery in 2017. Nexans will manufacture the cables at its plant in Hanover, Germany.

Energinet.dk mulls Acquisitions

Energinet.dk is planning to set up a financial M&A team in relation to future acquisitions for the implementation of corporate finance, valuation and negotiation management as the company was already in talks for the purchase of two linked assets / companies.

Similar Private Companies By Industry

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 6, 2016
Gaspoint Nordic A/S
 

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