in News Departments > New & Noteworthy
print the content item

The Danish Parliament's Finance Committee has signed off on the final implementation of the approximately $2 billion investment agreement in Dong Energy from new investors Goldman Sachs, Arbejdsmarkedets Tillaegspension and PFA, as well as from existing minority stakeholders. The deal was initially announced in October 2013.

In addition, DONG Energy has announced Fritz Schur will step down as chairman of its board of directors in March.

“I’ve been in the post for nine years, the company is developing well, a strong
management is in place, and with the addition of the new shareholders, a new
chapter will begin in the lead up to the initial public offering in 2017-2018. It is a good time to hand over to a successor,” says Schur.

Schur took on the role in 2005 in order to complete the merger of the six energy companies Elsam, Energi E2, Nesa, Kobenhavns Energi, Frederiksberg Forsyning and DONG. The merger was a success, and DONG Energy says it has become an international energy company and one of Denmark’s largest companies. At the same time, the company adds, it has embarked on an ambitious transformation to green energy. From 2007 to 2013, DONG Energy has invested about $9 billion in wind energy projects, including offshore wind farms.




Trachte Inc._id1770
Latest Top Stories

Utility-Scale Wind And Solar Keep Getting Cheaper

A new study measures the levelized cost of energy from various technologies and suggests that the costs of utility-scale wind and solar power are catching up with those of traditional sources, even without subsidies.


The Song Remains The Same: Ontario Seeks More Science Before Lifting Offshore Ban

The Ontario government says the nearly four-year-old offshore wind moratorium will remain in place until the province fully understands the technology’s impact on the environment.


Why States Should Adopt A Renewable Portfolio Standard

A new study analyzes the potential benefits of state renewable energy mandates, as well as recommends what such policies should include.


Sen. Reid Vows To Bring Wind PTC To A Vote By Year's End

Nevada's senior senator provides some encouragement to wind industry advocates during his annual Clean Energy Summit.


Steadily, Wind Turbine OEMs Resume R&D Investment

An increased commitment to research and development will likely lead to wind energy innovation - not to mention a likely increase in patent-protected technology.

Canwea_id1984
Renewable NRG_id1934
Future Energy_id2008
UnitedEquip_id1995