DONG Energy: “Renewables will be the next industrial revolution”

Thomas Dalsgaard, head of Group Regulatory Affairs at DONG Energy set out DONG Energy’s vision for a renewable energy revolution today.

Speaking at the European Future Energy Forum in a panel debate, he called upon ambitious countries to compete to be the front-runners of renewable energy business:

“It will be the most ambitious countries that will host the industrialization of the renewable sector. There is very solid momentum in the industry and strong competition amongst the suppliers of renewable energy. And there will be equal competition between countries to be the champions of the renewable industry.

“We are encouraged that many countries continue to pursue an ambitious low carbon and renewables agenda despite the absence of a global agreement on carbon pricing. The national and regional arrangements that spur the green transition are now setting the agenda for the green transition.”

DONG Energy is one of the leading offshore wind operators in the UK and has the biggest stake of fifty percent in what will be the UK’s largest offshore wind farm, the London Array. The UK is one of DONG Energy’s primary markets for developing offshore wind and DONG Energy has over 20 years experience in the wind power industry.

On offshore wind, Thomas continued:

“In offshore wind we’ve seen a large amount of growth and professionalizing in the industry in the last two years. We must continue that growth of renewables as a business to make costs even more competitive against fossil fuels.”

DONG Energy’s vision is to deliver reliable energy without CO2. An important part of this vision is the company’s 85/15 plan. Today the company emits more than 600 grams CO2 per kWh when it produces heat and power. The aim is to halve the CO2 emissions by 2020 and to emit only 15 % by 2040, equivalent to approx. 100 grams per kWh.

DONG Energy has, since 2005 invested 3.7 billion GBP in the UK.