Orsted Energy shuts down last coal-fired power plant
Orsted, a Danish company, announced on Thursday that it will close its last coal-fired units this week. This marks a significant milestone in the transition of Orsted to fossil-free power generation. Since selling its oil business in 2017, the company, which was formerly called DONG Energy has pioneered offshore energy. It now calls itself a "renewable giant" and is a leader in offshore wind.
EU Hydrogen Plan Splits Supporters Down Color-coded Lines
Energy industry lobbyists and advocates of renewable hydrogen are divided over whether the bloc should support low-carbon hydrogen produced by fossil fuels ahead of a new EU strategy next month.The EU's executive Commission plans to publish its hydrogen strategy on July 8, which will form the basis for EU regulation and funding to scale up production of the fuel to replace fossil…
Nord Stream 2 Seeks Alternative Route to Avoid Danish Waters
The Russia-led Nord Stream 2 consortium said on Friday it has applied to Denmark for an alternative gas pipeline route through the Baltic Sea that would avoid the Nordic state's territorial waters.Denmark is facing a dilemma on whether the project can be built near its Baltic coast and its parliament may pass legislation allowing it to veto the Nord Stream 2 pipeline going through…
Maersk Needs Quick Deal to Avoid Tyra Shut Down
Carsten Sonne-Schmidt, chief financial officer of Maersk Oil, a unit of Danish conglomerate A. "That means we will see a fast decline in gas production. "It's a win-win situation.
Maersk, Denmark Close In On North Sea Oil Deal
Oil and shipping conglomerate A.P Moller-Maersk could land a deal with the Danish government on oil and gas operations in the North Sea within days, political sources with knowledge of the negotiations told Reuters on Tuesday. The deal will secure continued production in the Danish part of the North Sea and is seen as crucial for Maersk as it seeks to focus its operations on the North Sea and spin off its energy assets via a listing or merger.
Denmark to Go through with Near-shore Wind Farms
Denmark's right-wing minority government bowed to pressure from opposition parties and approved plans to build two near-shore wind farms, despite its earlier objections it said on Thursday. After granting building rights for the wind farms to Swedish wind farm developer Vattenfall in September, the Danish government then announced its intention to cancel the projects, as it argued subsidy costs for renewable energy had become too high.
Cancelling Wind Tender Could Dent Denmark's Allure
Denmark will stick with its cancellation of an offshore wind farm tender, even though it could discourage future investors in renewables, its energy minister said on Wednesday. Swedish utility Vattenfall won the tender two weeks ago to build two offshore wind farms, but the Danish minority government has long wanted to cancel the project, because government subsidies to the industry have soared due to low power prices.
Denmark Determined to Continue Production at Ageing North Sea Gas Field
The Danish government is determined to find an economically viable solution that will allow A.P. Moller-Maersk's energy arm to continue production at the Tyra gas field in the North Sea, energy and climate minister Lars Christian Lilleholt said on Wednesday. "I am convinced that we will find a solution as soon as possible," Lilleholt told Reuters. Maersk Oil said in April it would cease production at the ageing field on Oct.
Danish Government Says Wind Power Became Too Expensive
The Danish government said on Friday it wanted to scrap plans to build five offshore wind farms as their output would become too expensive for consumers. The government estimates it would cost consumers 70 billion Danish crowns ($10.63 billion) to buy electricity from the plants with a total combined capacity of 350-megawatts. "Since 2012 when we reached the political agreement…
Danish Government Wind Power Became Too Expensive
The Danish government said on Friday it wanted to scrap plans to build five offshore wind farms as their output would become too expensive for consumers. The government estimates it would cost consumers 70 billion Danish crowns ($10.63 billion) to buy electricity from the plants with a total combined capacity of 350-megawatts. "Since 2012 when we reached the political agreement…
DONG Energy Set for Europe's Biggest Share Float This Year
Danish wind farm developer DONG Energy, which analysts value as high as $13 billion, said on Thursday it plans to list its shares on the Copenhagen stock exchange this summer. Having built more than a quarter of the world's offshore wind farms, the company is a major player in Britain and Germany and has recently opened offices in the United States and Taiwan to cater for new growth markets.
Maersk Pressures Danish Government with Gas Field Closure
Maersk to shut Tyra field if no viable solution found this year. A.P. Moller-Maersk's oil subsidiary said on Monday it will shut Denmark's largest gas field in 2018 if it cannot find an economically viable solution for the ageing site by the end of this year. Its threat adds pressure on the Danish government from energy companies to adjust taxes on oil and gas production. They say…
Vestas to Step up Tests of its Giant Offshore Turbine
Vestas will step up testing of its 8 megawatt (MW) wind turbine, the world's most powerful, by installing two of them in the port of Esbjerg in southern Denmark, the Danish company said on Wednesday. The wind farm will be built onshore to facilitate testing even though the turbines have been developed, in a joint venture with Japan's Mitsubishi Heavy Industries, for the offshore market where Vestas is seeking to catch up with Germany's Siemens.
ABB, Vestas to Electrify Off-grid African Areas
ABB and Vestas today signed a partnership agreement whereby they will contribute with their respective technologies to help rural communities in developing markets gain access to affordable clean electricity. The two companies will jointly deliver power technology and system integration solutions for remote off-grid and microgrid communities. Under the agreement, factory-refurbished…
