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.




Advertisement

Trachte_id2056
Latest Top Stories

Slow Turning: What's Stopping Individual Blade Pitch Control From Wider Acceptance?

Advances have made it feasible for wind turbine blades to adjust individually. However, other factors are preventing the technology's widespread use.


Deepwater Hits Financial Close For Block Island Wind Farm, Expects Summer Construction

The Providence, R.I.-based offshore wind developer becomes the first to financially close on a U.S.-based offshore wind project.


More Investors Entering Tax Equity Market; Returns Holding Steady

The entry of new tax equity investors to the wind space last year re-ignited an old debate.


Report: Top 10 Turbine OEMs Had Record Year In 2014

Preliminary findings suggest Vestas reigned supreme again among the world's leading wind turbine makers. How did some of the other OEMs fare?


AWEA's Gramlich To FERC: Additional Transmission Needed Regardless Of Clean Power Plan

To further build a more balanced and reliable electricity portfolio, the U.S. needs to build more transmission capacity.

Hybrid Energy Innovations 2015