IN DEPTH: Dong dares offshore

Danish Prime Minister Helle Thorning-Schmidt watches Queen Margrethe II  officially inaugurate  Anholt in September

Danish Prime Minister Helle Thorning-Schmidt watches Queen Margrethe II officially inaugurate Anholt in September

At a time when many leading power companies are complaining that offshore wind is too expensive and too risky to invest in, Denmark’s Dong Energy is ploughing billions into its offshore programme.

Dong is planning a staggering 6.5GW by 2020 — roughly the same amount as the world’s current installed capacity.

But with lingering doubts about the future of support schemes in key markets such as the UK and Germany, why is the utility rushing into the sector with such bravado — risking 50% of its annual spending on gigantic turbines up to 100km from shore? And can Dong, already the world’s leading offshore developer, really afford to pay for it all?

According to Dong chief executive Henrik Poulsen, the company’s goal is “to maintain Log in to read complete article.

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