Dong Energy to use oil business to fund renewable investment

clock • 1 min read

Danish energy giant plans to keep its exploration and production division but use proceeds to fund investment in offshore wind and bioenergy

In a sign of increasing optimism about the future of clean energy, Dong Energy has announced plans to use the income from its fossil fuel business to fund investment in renewables. Following the completion...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech development
  • Tap into our extensive archive of exclusive articles, news, analysis and guide
  • Access to our new BusinessGreen intelligence service, providing you with
  • > Exclusive in-depth case studies
  • > Policy briefings, white papers and reports on market trends that are shaping the direction of the net zero transition
  • Our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Online and interactive meetings with BusinessGreen’s editors to discuss the crucial stories and trends from the past month

Choose the membership package that's right for you and your organisation, via our 3 membership levels.

Join now

 

Already a BusinessGreen member?

Login

More on Energy

Japan targets up to half of power from renewables by 2040

Japan targets up to half of power from renewables by 2040

Plus Pakistan and Bahamas back global fossil fuel non-proliferation treaty, Ecuador's debt-for-nature swap, and other top green business stories from around the world this week

Michael Holder
clock 20 December 2024 • 8 min read
Green hydrogen: 'Landmark' government contracts signed for three new UK projects

Green hydrogen: 'Landmark' government contracts signed for three new UK projects

They are the first of 11 projects awarded contracts under the government’s Hydrogen Business Model, which is modelled on the UK's CfD clean power support scheme

Michael Holder
clock 20 December 2024 • 3 min read
Boiler Upgrade Scheme: How one small clause is holding back affordable finance for heat pumps

Boiler Upgrade Scheme: How one small clause is holding back affordable finance for heat pumps

A common-sense legislative tweak and a coordinated effort between energy, housing and finance would dismantle barriers to mass heat pump uptake, argues Fornax CEO David Leviseur

David Leviseur, Fornax
clock 20 December 2024 • 5 min read