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Renewables giant to bid for windfarm acreage in ScotWind round

RENEWABLE energy giant Ørsted has announced plans to develop big floating windfarms off Scotland in a move that underlines the appeal of the country to international investors. The Danish company said it plans to bid for offshore acreage in the ScotWind licensing round, which has generated huge interest already. A range of energy sector heavyweights, including BP and Scottish Hydroelectric owner SSE, have said they plan to participate in the landmark round. Launched by Crown Estate Scotland in June last year, ScotWind is the first offshore wind leasing round to cover acreage off the country for a decade. When the round was launched, Crown Estate Scotland held out the prospect it could pave the way to around 10 new commercial windfarms being developed off Scotland and help to unlock £8 billion investment.

Dong Energy to sell gas distribution business in Denmark for $351m

Dong Energy to sell gas distribution business in Denmark for $351m Share 11 May 2016 Dong Energy has signed an agreement to sell its 100% ownership stake in gas distribution business in Denmark and related operational activities to Energinet.dk for kr2.3bn ($351m). The company’s sale of Dong Gas Distribution is part of the political agreement regarding its initial public offering. Dong Gas Distribution is expected to result in a gain from sale of enterprises of kr1.5bn ($229m). The EBITDA contribution from DONG Gas Distribution stood at kr360m ($55m) in 2015. … Energinet.dk will also follow the same regulation on tariffs that Dong Gas Distribution follows today.

Jim Ratcliffe gets behind the hydrogen energy rush

Jim Ratcliffe gets behind the hydrogen energy rush
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