Denmark

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Danish Oil and Natural Gas Is Getting Out of Oil and Natural Gas

Wall Street Journal: A company whose name stands for Danish Oil and Natural Gas is getting out of both businesses. Dong Energy Denmark’s majority state-owned energy company, is selling off its last oil and natural-gas fields in a deal expected to close by the end of September. The billion-dollar-plus sale is part of a broader […]

October 2, 2017 Read More →
IEEFA Europe: Technology Gains Help Drive a Rush From Capital Markets Into Offshore Wind

IEEFA Europe: Technology Gains Help Drive a Rush From Capital Markets Into Offshore Wind

U.K. Auction Confirms New, Lower Pricing Trends in World’s Biggest Markets

The U.K.’s latest auction of power purchase agreements for offshore-wind generation confirms an aggressive trend toward cost reductions across the industry and signals the arrival of a mature, bankable new segment of the energy sector. The lowest successful bids in  auction results announced on Monday, €63 (US$83) megawatt hour (MWh), were 50 percent less than […]

September 14, 2017 Read More →

Danish Renewable Energy Industry Poised to Flourish Sans Subsidies

Bloomberg News: After more than four decades of relying on subsidies, Denmark’s renewable energy industry is ready to survive on its own much sooner than anyone expected. The Danish energy minister, Lars Christian Lilleholt, says that “in just a few years,” renewable energy providers won’t need state support anymore. He says it’s a development he […]

April 25, 2017 Read More →

IEEFA Europe: Offshore Wind Costs Maintain Falling Trend

Competitive Auctions Are Causing Developers to Drop Their Expectations for Government Subsidies

Europe achieved its lowest-ever bid for an offshore wind power project last week in a German auction in the North and Baltic Seas, an event that backs up a recent trend of cost reductions. Germany’s first so-called “reverse auction” for offshore wind shifts away from a feed-in tariff schemes in an approach intended to drive […]

April 18, 2017 Read More →

Danish Pension Fund PKA Dumps Canadian Oil

Financial Times: Denmark’s fourth-largest pension fund has pulled its investments in five Canadian oil producers over concerns that fossil fuel businesses are at risk of heavy losses as governments globally attempt to tackle climate change. PKA, which oversees the retirement income of 300,000 Danish workers, last month divested from Athabasca Oil, Canadian Natural Resources, Cenovus […]

April 17, 2017 Read More →