EnergyWatch

Old offshore wind farm surprises Dong with big bonus

A surprisingly positive production at a four-year-old wind farm is now rewarding Dong Energy.

Dong Energy's operating income from the wind division was less than impressive in this year's first quarter. The absence of offshore wind farm divestments prompted figures on the top and bottom line to look downright weak.

This is especially true in comparison with last year's first quarter, when vast sums poured in from payments on German farms Gode Wind 1 & 2 and the sale of half of the British extension farm for Burbo Bank. Furthermore, the downturn in revenue for construction contract work was almost cut in half while the EBITDA result declined by 80 percent to just DKK 311 million.

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