Danish Government Dumps Onshore Wind
This is worth noting given how the wind industry and their sock puppets at the so called and on-the-take environmental groups in Maine like to cite Denmark as a shining role model of wind power. DONG is 76% owned by the Danish government. ""Every time we were building onshore, the public reacts in a negative way and we had a lot of criticism from neighbours," said a spokesman for the company. "Now we are putting all our efforts into offshore windfarms."
DONG Energy today signed an agreement with the Danish energy company SE and the
Danish pension fund PFA under which SE and PFA will acquire DONG Energy’s
Danish onshore wind business.
The aggregate sales price (enterprise value) for the onshore wind business is
DKK 760 million (equivalent to approx. EUR 102 million). The divestment
concerns a total of 272 wind turbines with a total installed capacity of 196
megawatt. The turbines are located at approx. 80 different sites in Denmark
with an average operational track record of 16 years. The divestment includes
an early stage development project totalling up to 23 megawatt. The business
includes a Danish organisation consisting of approximately 18 employees, who
will be employed by the purchasing company going forward.
With the publication of its new strategy and financial action plan on 27
February 2013, DONG Energy announced its intention to divest non-core assets of
a value of DKK 10 billion in 2013-2014 and that its Wind Power business will
be focusing on offshore wind in the future.
“With the agreement to divest our Danish onshore wind business, we are taking a
further step towards the realisation of our strategy and financial action plan.
Going forward our competences and capital will be deployed in offshore wind
where we have a strong and differentiated competitive platform,” said Henrik
Poulsen, CEO of DONG Energy.
The transaction is expected to be completed later in 2013 following approval by
the Danish competition authorities. The transaction is expected to result in a
gain before tax of up to DKK 453 million (equivalent to approx. EUR 61
million).
The information provided in this announcement does not change DONG Energy’s
previous financial guidance for the 2013 financial year or the announced
expected investment level for 2013-2014.
For additional information, please contact:
Media Relations
Rune Birk Nielsen
+45 9955 6543
Investor Relations
Allan Bødskov Andersen
+45 9955 9769
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. DONG Energy has nearly 7,000 employees
and is headquartered in Denmark. The Group generated DKK 67 billion (EUR 9.0
billion) in revenue in 2012. For further information, see www.dongenergy.com
http://www.dongenergy.com/EN/Media/Newsroom/Pages/Company_announcem...
Views: 391
Comment
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Comment by Martha thacker on June 27, 2013 at 10:22am
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I would not go to legislative members for an answer. We would not have one wind farm in ME with transparent govt. I believe that truth is also kept from lawmakers...and so many are not looking to truly represent ME..but are following the money. Quick money at that.
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Comment by alice mckay barnett on June 27, 2013 at 10:17am
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ask legislative members what REC is?
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So the world is waking up to the ruse of wind power but not Maine state legislature, the democratic party or Bangor Daily News .It is public knowledge that 1) wind farms use more power than they produce...because production is a trade secret..one must assume it is nothing to be proud of. 2)There is no room on the grid for any more power and never has been. (pine tree watchdog has the document to prove it)Are we looking in the right places in our fight to stop the onslaught of further damage to Maine and it's people? So far , facts have made no difference in our struggle.
Let's be proactive. It is not in the realm of fiction that the DEP will approve the Bowers Mt windfarm. So then, how would we feel? Lisa Linowes has a new tactic. Going after the renewable energy credits. In recent testimony , she states NH exports energy. So there is no need to build yet another wind farm. I am giving the link. Her testimony is over my head, but am sure many here will be able to understand it. We need to find out how much money Maine is receiving from renewable energy credits...it's wall street. And wall street is not doing well at all. So is Maine hitching their wagon to a far off fairy tale star? And are taxes municipalities are receiving helping or hurting? News out of Mars Hill was that their First Wind windfall left them worse off. Of course, Lincoln had a 1.2 million dollar mistake in accounting. First the town manager quit. Then the new one made a hasty exit . Then the treasurer leaves.....
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Comment by Whetstone_Willy on June 25, 2013 at 11:40am
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Looks like the Eloi in Denmark are not quite the obedient sheep some would like us to believe they are. They despise wind turbines too.
Maine as Third World Country:
CMP Transmission Rate Skyrockets 19.6% Due to Wind Power
Click here to read how the Maine ratepayer has been sold down the river by the Angus King cabal.
Maine Center For Public Interest Reporting – Three Part Series: A CRITICAL LOOK AT MAINE’S WIND ACT
******** IF LINKS BELOW DON'T WORK, GOOGLE THEM*********
(excerpts) From Part 1 – On Maine’s Wind Law “Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine if the law’s goals were met." . – Maine Center for Public Interest Reporting, August 2010 https://www.pinetreewatchdog.org/wind-power-bandwagon-hits-bumps-in-the-road-3/From Part 2 – On Wind and Oil Yet using wind energy doesn’t lower dependence on imported foreign oil. That’s because the majority of imported oil in Maine is used for heating and transportation. And switching our dependence from foreign oil to Maine-produced electricity isn’t likely to happen very soon, says Bartlett. “Right now, people can’t switch to electric cars and heating – if they did, we’d be in trouble.” So was one of the fundamental premises of the task force false, or at least misleading?" https://www.pinetreewatchdog.org/wind-swept-task-force-set-the-rules/From Part 3 – On Wind-Required New Transmission Lines Finally, the building of enormous, high-voltage transmission lines that the regional electricity system operator says are required to move substantial amounts of wind power to markets south of Maine was never even discussed by the task force – an omission that Mills said will come to haunt the state.“If you try to put 2,500 or 3,000 megawatts in northern or eastern Maine – oh, my god, try to build the transmission!” said Mills. “It’s not just the towers, it’s the lines – that’s when I begin to think that the goal is a little farfetched.” https://www.pinetreewatchdog.org/flaws-in-bill-like-skating-with-dull-skates/
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Hannah Pingree on the Maine expedited wind law
Hannah Pingree - Director of Maine's Office of Innovation and the Future
"Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine."
https://pinetreewatch.org/wind-power-bandwagon-hits-bumps-in-the-road-3/
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