NEW YORK - Monday, September 8th 2014 [ME NewsWire]
(BUSINESS
WIRE)-- Energy Intelligence announced today that Danish company Dong
Energy is the winner of its 2014 Award for Leadership in New Energy. The
award recognizes a company that is at the forefront of the energy
transition from traditional fossil fuels to alternative energy forms.
Dong Energy has been a pioneer in developing offshore wind technology,
building off its expertise in both offshore oil and gas development and
onshore wind.
The award will be presented to Dong Energy on
October 29, 2014, during the first full day of the 35th Annual Oil &
Money Conference in London, organized by Energy Intelligence and the
International New York Times.
The award's selection process began
with the Energy Intelligence editorial team compiling a list of
nominees. The winner was then chosen by a selection committee comprised
of independent experts in new energy from the business world
complemented by senior energy executives and government officials that
act as advisors to Energy Intelligence.
“Dong is a perfect
example of a company leveraging its offshore oil and gas experience to
develop a new sector, offshore wind power. It's a leader in that area
and will play a central role in driving down costs," said David Pike,
Editor of EI New Energy, Energy Intelligence’s carbon and renewables
information service. “On behalf of the selection committee and Energy
Intelligence, I would like to offer our congratulations to Dong on this
achievement.”
Dong Energy, headed by Chief Executive Henrik
Poulsen, has become the world’s biggest player in the offshore wind
energy sector, after building the world’s first offshore wind farm in
1991 and the first large-scale offshore project in 2002. The partially
state-owned company now makes as much money from wind power as it does
from oil and gas exploration and production. Mr. Poulsen is implementing
a new business plan that targets offshore wind as a core growth area.
Dong’s activities come alongside an ambitious clean energy program in
Denmark, backed by some of the toughest renewable energy targets in the
world that are designed to wean the country off oil, gas and coal. The
state’s long-term target is to reach 100% renewable energy in the energy
and transport sectors by 2050.
Dong has set a target of some 6.5
gigawatts of offshore wind capacity by 2020 – three times its current
capacity – focusing on Europe’s main markets of the UK, Germany and
Denmark. The company also aims to reduce the cost of electricity from
offshore wind projects to less than €100 ($130) per megawatt hour after
2020, with an ambitious roadmap covering turbines, foundations, offshore
transmission, logistics and maintenance. This gives it a key role in
bringing down the costs of this developing technology in order to make
it a commercially viable form of renewable power.
Dong Energy
placed sixth worldwide in the 2013 “Top 100 Green Utilities” ranking in
EI New Energy. This assessed and ranked 100 leading utilities,
accounting for half of global power generating capacity, according to
their carbon emissions and renewable energy capacity. It was the
third-highest European company in this ranking, behind Spain’s Iberdrola
(the 2013 award recipient) and Portugal’s EDP.
The inaugural
Award for Leadership in New Energy was presented to the UAE's Masdar,
represented by Chief Executive H.E. Dr. Sultan Ahmed Al-Jaber, at Oil
& Money 2012. Last year, the award was presented to Spain’s
Iberdrola, represented by renewables chief Xabier Viteri Solaun, at Oil
& Money 2013.
About Energy Intelligence (www.energyintel.com)
Energy
Intelligence (EI) is the leading independent provider of energy news,
analysis, data and research. Our award-winning information services set
the industry standard for excellence, and our proprietary data are
indispensable for all energy professionals. Research & Advisory, an
independent arm of EI, provides retainer services, manages projects for
clients internationally and compiles incisive reports and data
analytics. Energy Intelligence also hosts several events, including the
prestigious Oil & Money Conference and Global Energy Intelligence
Day, Moscow. Providing over 60 years of expert energy coverage, EI is
your guide to understanding today’s biggest stories and taking advantage
of tomorrow’s opportunities.
About EI New Energy (www.energyintel.com/newenergy)
Tracking
the transition of the global energy industry from conventional fossil
fuels to alternative energy sources, EI New Energy focuses on carbon
markets, renewable power and transportation innovation.
Contacts
Energy Intelligence
Stephanie Adika, W +1-646-616-0836
M +1-845-608-6258
sadika@energyintel.com
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