Wind Power has an ambitious strategy to continue leading the offshore wind industry; at the same time we have a strong focus on bringing down the Cost of Electricity. We have unique knowledge and skills which we use throughout every step of the projects - from the early steps of development, during the construction phase, and through to operation and maintenance of the wind farms – and everything is done in a safe way.
The largest portfolio of offshore wind farms in Northern Europe
Wind Power has for more than 20 years been active in the offshore wind industry resulting in unique knowledge and skills today. We have achieved a strong market position and developed and constructed the largest portfolio of offshore wind farms in Northern Europe. Further, we have proved that we can operate our portfolio of wind farms with a high availability for generating power. And more wind farms are on the way, such as West of Duddon Sands and Borkum Riffgrund 1.
Assuming responsibility for making wind power a competitive energy resource
The offshore wind industry is facing the challenge of making wind power competitive with other energy resources. We therefore have a strong focus on bringing down the Cost of Electricity. Larger turbines, optimisation of operations and maintenance concepts, reduction of foundation and cable installation costs are some of the elements we and our collaborators constantly look to improve in relation to this matter.
A unique partnership model
Wind Power has developed a unique partnership model that has attracted large institutional and private investors for our offshore wind projects. They range from Danish and international pension funds to large industrial and financial players, such as Danish Kirkbi or Japanese Marubeni. Our model enables long-term investment in offshore wind farms where DONG Energy and partners both share operations cost and earnings. It is thereby possible to expand the capital base and spread the risk of investments while our partners, in return, receive long-term, stable, predictable cash flows. This model contributes to the continued development of offshore wind farms.
See the annual report for 2012 here
DONG Energy is one of the leading energy groups in Northern Europe. Our business is based on procuring, producing, distributing and trading in energy and related products in Northern Europe.