The Danish Energy Agency was established in 1975 as an agency of the Danish Ministry of Transport and was in 2007 transferred to the newly created Danish Ministry of Climate and Energy The agency is headquartered in 44 Amaliegade.The agency is responsible for handling both national and international agreements and tasks linked to production, supply and consumption of energy, and is the responsible agency for efforts to reduce emissions of greenhouse gases. It oversees the legal and political frameworks for reliable, affordable and clean supply of energy in Denmark. Wikipedia.


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News Article | May 9, 2017
Site: globenewswire.com

Pursuant to Section 29 of the Danish Securities Trading Act, New Energy Investment S.à r.l. (‘NEI’) has notified DONG Energy A/S (‘DONG Energy’) that today, following an accelerated bookbuild offering carried out on 9 May 2017, NEI has agreed to dispose of 10,509,527 shares in DONG Energy to certain institutional investors, each with a nominal value of DKK 10. Following settlement of the bookbuild offering, NEI will hold 18,935,215 shares and voting rights in DONG Energy, corresponding to 4.5% of the issued shares and voting rights of DONG Energy. NEI is a limited liability company organised under the laws of Luxembourg under reg. no. B181487. The address of NEI is 2 Rue de Fossé, L-1536 Luxembourg, Grand Duchy of Luxembourg. As at the date hereof, NEI is controlled by New Energy I S.à r.l. (‘NE I’) and New Energy II S.à r.l. (‘NE II’). NE I, which possesses the majority of voting rights in NEI, and NE II are limited liability companies organised under the laws of Luxembourg and are controlled by entities which are under the control of the Merchant Banking Division of The Goldman Sachs Group, Inc.. These entities include Danish Energy Investors B, L.P., a Cayman Islands limited partnership, which possesses the majority of voting rights in NE I. The information provided in this announcement does not change DONG Energy’s previous financial guidance for the 2017 financial year. DONG Energy (Nasdaq OMX: DENERG) is one of Northern Europe's leading energy groups and is headquartered in Denmark. Around 6,500 ambitious employees develop, construct and operate offshore wind farms, generate power and heat from our power stations as well as supply and trade in energy to wholesale, business and residential customers. In addition, we produce oil and gas, and a process has been initiated to divest this business unit. The continuing part of the Group has approximately 5,800 employees and generated revenue in 2016 of DKK 61 billion (EUR 8.2 billion). Read more at www.dongenergy.com.


News Article | May 9, 2017
Site: globenewswire.com

Pursuant to Section 29 of the Danish Securities Trading Act, New Energy Investment S.à r.l. (‘NEI’) has notified DONG Energy A/S (‘DONG Energy’) that today, following an accelerated bookbuild offering carried out on 9 May 2017, NEI has agreed to dispose of 10,509,527 shares in DONG Energy to certain institutional investors, each with a nominal value of DKK 10. Following settlement of the bookbuild offering, NEI will hold 18,935,215 shares and voting rights in DONG Energy, corresponding to 4.5% of the issued shares and voting rights of DONG Energy. NEI is a limited liability company organised under the laws of Luxembourg under reg. no. B181487. The address of NEI is 2 Rue de Fossé, L-1536 Luxembourg, Grand Duchy of Luxembourg. As at the date hereof, NEI is controlled by New Energy I S.à r.l. (‘NE I’) and New Energy II S.à r.l. (‘NE II’). NE I, which possesses the majority of voting rights in NEI, and NE II are limited liability companies organised under the laws of Luxembourg and are controlled by entities which are under the control of the Merchant Banking Division of The Goldman Sachs Group, Inc.. These entities include Danish Energy Investors B, L.P., a Cayman Islands limited partnership, which possesses the majority of voting rights in NE I. The information provided in this announcement does not change DONG Energy’s previous financial guidance for the 2017 financial year. DONG Energy (Nasdaq OMX: DENERG) is one of Northern Europe's leading energy groups and is headquartered in Denmark. Around 6,500 ambitious employees develop, construct and operate offshore wind farms, generate power and heat from our power stations as well as supply and trade in energy to wholesale, business and residential customers. In addition, we produce oil and gas, and a process has been initiated to divest this business unit. The continuing part of the Group has approximately 5,800 employees and generated revenue in 2016 of DKK 61 billion (EUR 8.2 billion). Read more at www.dongenergy.com.


News Article | May 9, 2017
Site: globenewswire.com

Pursuant to Section 29 of the Danish Securities Trading Act, New Energy Investment S.à r.l. (‘NEI’) has notified DONG Energy A/S (‘DONG Energy’) that today, following an accelerated bookbuild offering carried out on 9 May 2017, NEI has agreed to dispose of 10,509,527 shares in DONG Energy to certain institutional investors, each with a nominal value of DKK 10. Following settlement of the bookbuild offering, NEI will hold 18,935,215 shares and voting rights in DONG Energy, corresponding to 4.5% of the issued shares and voting rights of DONG Energy. NEI is a limited liability company organised under the laws of Luxembourg under reg. no. B181487. The address of NEI is 2 Rue de Fossé, L-1536 Luxembourg, Grand Duchy of Luxembourg. As at the date hereof, NEI is controlled by New Energy I S.à r.l. (‘NE I’) and New Energy II S.à r.l. (‘NE II’). NE I, which possesses the majority of voting rights in NEI, and NE II are limited liability companies organised under the laws of Luxembourg and are controlled by entities which are under the control of the Merchant Banking Division of The Goldman Sachs Group, Inc.. These entities include Danish Energy Investors B, L.P., a Cayman Islands limited partnership, which possesses the majority of voting rights in NE I. The information provided in this announcement does not change DONG Energy’s previous financial guidance for the 2017 financial year. DONG Energy (Nasdaq OMX: DENERG) is one of Northern Europe's leading energy groups and is headquartered in Denmark. Around 6,500 ambitious employees develop, construct and operate offshore wind farms, generate power and heat from our power stations as well as supply and trade in energy to wholesale, business and residential customers. In addition, we produce oil and gas, and a process has been initiated to divest this business unit. The continuing part of the Group has approximately 5,800 employees and generated revenue in 2016 of DKK 61 billion (EUR 8.2 billion). Read more at www.dongenergy.com.


News Article | May 9, 2017
Site: globenewswire.com

I henhold til værdipapirhandelslovens § 29 har New Energy Investment S.à r.l. ('NEI') informeret DONG Energy A/S ('DONG Energy') om, at NEI i dag som følge af et accelereret bookbuilding-udbud udført den 9. maj 2017 har aftalt at sælge 10.509.527 aktier i DONG Energy til bestemte institutionelle investorer, hver med en nominel værdi på DKK 10. Efter gennemførelsen af bookbuilding-udbuddet vil NEI have 18.935.215 aktier og stemmerettigheder i DONG Energy, hvilket svarer til 4,5% af de udstedte aktier og stemmerettigheder i DONG Energy. NEI er et selskab med begrænset ansvar, der er registreret i henhold til lovgivningen i Luxembourg under reg.nr. B181487. NEI's adresse er 2 Rue de Fossé, L-1536 Luxembourg, Storhertugdømmet Luxembourg. Pr. dags dato kontrolleres NEI af New Energy I S.à r.l. ('NE I') og New Energy II S.à r.l. ('NE II'). NE I, der ejer flertallet af stemmerettighederne i NEI, og NE II er selskaber med begrænset ansvar, der er registreret i henhold til lovgivningen i Luxembourg og kontrolleret af virksomheder, der kontrolleres af Merchant Banking Division i The Goldman Sachs Group, Inc. Disse virksomheder omfatter Danish Energy Investors B, L.P., et kommanditselskab med begrænset ansvar i Cayman Islands, der har flertallet af stemmerettighederne i NE I. Indholdet af denne meddelelse ændrer ikke DONG Energy's tidligere udmeldte finansielle forventninger til regnskabsåret 2017. DONG Energy (NASDAQ OMX: DENERG) er en af Nordeuropas førende energikoncerner og har hovedsæde i Danmark. Omkring 6.200 ambitiøse medarbejdere udvikler, opfører og driver havmølleparker, producerer el og varme fra vores kraftværker samt handler og leverer energi til engros-, erhvervs- og privatkunder. Hertil kommer produktion af olie og gas, hvor der er påbegyndt en proces for at afhænde forretningsområdet. Den fortsættende del af koncernen har ca. 5.800 medarbejdere og omsatte i 2016 for 61 mia. kr. (EUR 8,2 mia.). Læs mere på www.dongenergy.com.


News Article | May 9, 2017
Site: globenewswire.com

I henhold til værdipapirhandelslovens § 29 har New Energy Investment S.à r.l. ('NEI') informeret DONG Energy A/S ('DONG Energy') om, at NEI i dag som følge af et accelereret bookbuilding-udbud udført den 9. maj 2017 har aftalt at sælge 10.509.527 aktier i DONG Energy til bestemte institutionelle investorer, hver med en nominel værdi på DKK 10. Efter gennemførelsen af bookbuilding-udbuddet vil NEI have 18.935.215 aktier og stemmerettigheder i DONG Energy, hvilket svarer til 4,5% af de udstedte aktier og stemmerettigheder i DONG Energy. NEI er et selskab med begrænset ansvar, der er registreret i henhold til lovgivningen i Luxembourg under reg.nr. B181487. NEI's adresse er 2 Rue de Fossé, L-1536 Luxembourg, Storhertugdømmet Luxembourg. Pr. dags dato kontrolleres NEI af New Energy I S.à r.l. ('NE I') og New Energy II S.à r.l. ('NE II'). NE I, der ejer flertallet af stemmerettighederne i NEI, og NE II er selskaber med begrænset ansvar, der er registreret i henhold til lovgivningen i Luxembourg og kontrolleret af virksomheder, der kontrolleres af Merchant Banking Division i The Goldman Sachs Group, Inc. Disse virksomheder omfatter Danish Energy Investors B, L.P., et kommanditselskab med begrænset ansvar i Cayman Islands, der har flertallet af stemmerettighederne i NE I. Indholdet af denne meddelelse ændrer ikke DONG Energy's tidligere udmeldte finansielle forventninger til regnskabsåret 2017. DONG Energy (NASDAQ OMX: DENERG) er en af Nordeuropas førende energikoncerner og har hovedsæde i Danmark. Omkring 6.200 ambitiøse medarbejdere udvikler, opfører og driver havmølleparker, producerer el og varme fra vores kraftværker samt handler og leverer energi til engros-, erhvervs- og privatkunder. Hertil kommer produktion af olie og gas, hvor der er påbegyndt en proces for at afhænde forretningsområdet. Den fortsættende del af koncernen har ca. 5.800 medarbejdere og omsatte i 2016 for 61 mia. kr. (EUR 8,2 mia.). Læs mere på www.dongenergy.com.


News Article | May 9, 2017
Site: globenewswire.com

I henhold til værdipapirhandelslovens § 29 har New Energy Investment S.à r.l. ('NEI') informeret DONG Energy A/S ('DONG Energy') om, at NEI i dag som følge af et accelereret bookbuilding-udbud udført den 9. maj 2017 har aftalt at sælge 10.509.527 aktier i DONG Energy til bestemte institutionelle investorer, hver med en nominel værdi på DKK 10. Efter gennemførelsen af bookbuilding-udbuddet vil NEI have 18.935.215 aktier og stemmerettigheder i DONG Energy, hvilket svarer til 4,5% af de udstedte aktier og stemmerettigheder i DONG Energy. NEI er et selskab med begrænset ansvar, der er registreret i henhold til lovgivningen i Luxembourg under reg.nr. B181487. NEI's adresse er 2 Rue de Fossé, L-1536 Luxembourg, Storhertugdømmet Luxembourg. Pr. dags dato kontrolleres NEI af New Energy I S.à r.l. ('NE I') og New Energy II S.à r.l. ('NE II'). NE I, der ejer flertallet af stemmerettighederne i NEI, og NE II er selskaber med begrænset ansvar, der er registreret i henhold til lovgivningen i Luxembourg og kontrolleret af virksomheder, der kontrolleres af Merchant Banking Division i The Goldman Sachs Group, Inc. Disse virksomheder omfatter Danish Energy Investors B, L.P., et kommanditselskab med begrænset ansvar i Cayman Islands, der har flertallet af stemmerettighederne i NE I. Indholdet af denne meddelelse ændrer ikke DONG Energy's tidligere udmeldte finansielle forventninger til regnskabsåret 2017. DONG Energy (NASDAQ OMX: DENERG) er en af Nordeuropas førende energikoncerner og har hovedsæde i Danmark. Omkring 6.200 ambitiøse medarbejdere udvikler, opfører og driver havmølleparker, producerer el og varme fra vores kraftværker samt handler og leverer energi til engros-, erhvervs- og privatkunder. Hertil kommer produktion af olie og gas, hvor der er påbegyndt en proces for at afhænde forretningsområdet. Den fortsættende del af koncernen har ca. 5.800 medarbejdere og omsatte i 2016 for 61 mia. kr. (EUR 8,2 mia.). Læs mere på www.dongenergy.com.


News Article | November 17, 2016
Site: www.rechargenews.com

Denmark’s newest offshore wind park has beaten all earlier offshore price records – this is great news for the electricity customers and it’s also great news for the European wind industry. Sweden’s Vattenfall submitted the lowest bid for Kriegers Flak at €49.90 ($53.50) per MWh for 12 years, and fended off five other competitors. The bid beat all expectations – when the current Danish Energy Agreement was signed in 2012, the bid for this wind park was expected to come in at over €120/MWh. By contrast, the bid price for Borssele 1 & 2 in the Netherlands, announced earlier this year, is €72.70/MWh for 15 years, and the recent Danish near-shore tender was won (also by Vattenfall) at €64/MWh. Kriegers Flak and Borssele 1 & 2 do not include transmission costs, which are being paid by the state, while the near-shore tender does. The low bid for Kriegers Flak can be explained, in part, due to the economies of scale in the 600MW project, and also because Vattenfall expects a new generation of wind turbines to be available by the time the park is commissioned in 2022. New turbines are expected to be more efficient as well as larger — rated in the double digits, in contrast to the currently largest 8MW models. Furthermore, the industry has pointed towards the negotiated tendering process in Denmark as a factor in reducing uncertainties and thus costs. In general, the cost for offshore wind energy parks has fallen drastically in the past few years, after a concerted effort by the industry as a whole, indicating increased industrialization of the sector and economies of scale in Northern Europe. Hopefully, Kriegers Flak signifies yet another leap forward in terms of bringing down offshore wind energy costs. If this is the case, offshore wind is set to play a key role in the decarbonisation of the European electricity sector. These falling costs and signs of a growing and maturing industry will hopefully help create more political certainty about the financing of Denmark’s future energy policy, as well as bring more investor certainty after a turbulent year for the Danish wind sector. Falling electricity prices have led to a heated debate in Denmark about the cost of renewables support as less revenue earned on the electricity market has pushed up the required subsidies — in spite of lower production costs. This has led to total financing costs above what was originally envisioned for the energy agreement of March 2012, which was backed by a broad parliamentary coalition. Consequently, the government has suggested to halt the planned 350 MW near-shore wind power projects; a proposal which currently has not received broad political backing. However, with a bid at less than half of the budgeted cost for Kriegers Flak, support costs are expected to be far lower than were recently expected. This could hopefully allow financing for both Kriegers Flak and the 350 MW near-shore projects. The political discussion on costs has become all the more pertinent due to the ongoing negotiations to shift the cost of financing renewables away from consumers’ electricity bills — which have grown increasingly expensive and are heavily taxed — and onto the government budget. A final agreement is expected before the end of 2016 – including a go-ahead for Kriegers Flak. Projects such as Kriegers Flak are a showcase for the wind industry and for the power of regional projects. Kriegers Flak will be connected to both Denmark and Germany, and as such is also a novel grid-expansion project that will bridge a gap in the infrastructure of the European power system and help ensure security of supply, specifically for consumers in eastern Denmark. The potential for offshore wind is vast. Regional as well as national projects for power generation and stronger grid interconnection can provide sustainable growth and jobs and solidify European leadership in the sector and the supply chain. Regional offshore co-operation can also enhance the cost-efficiency of European energy and climate objectives. This positive story should also buoy all the countries meeting at COP22 in Marrakech. Such low bids bode well for the decarbonisation of our economies cost-effectively, while simultaneously reaching our climate change targets. And once the EU’s Emissions Trading System can be thoroughly reformed and put back on track for reducing emissions, and the carbon price is closer to the levels expected when the ETS was created, a much greater part of these objectives can be driven by the carbon market and be met at even lower cost for consumers. Stine Leth Rasmussen is head of the generation and analysis department at the Danish Energy Association.


News Article | November 17, 2016
Site: www.rechargenews.com

Denmark’s newest offshore wind park has beaten all earlier offshore price records – this is great news for the electricity customers and it’s also great news for the European wind industry. Sweden’s Vattenfall submitted the lowest bid for Kriegers Flak at €49.90 ($53.50) per MWh for 12 years, and fended off five other competitors. The bid beat all expectations – when the current Danish Energy Agreement was signed in 2012, the bid for this wind park was expected to come in at over €120/MWh. By contrast, the bid price for Borssele 1 & 2 in the Netherlands, announced earlier this year, is €72.70/MWh for 15 years, and the recent Danish near-shore tender was won (also by Vattenfall) at €64/MWh. Kriegers Flak and Borssele 1 & 2 do not include transmission costs, which are being paid by the state, while the near-shore tender does. The low bid for Kriegers Flak can be explained, in part, due to the economies of scale in the 600MW project, and also because Vattenfall expects a new generation of wind turbines to be available by the time the park is commissioned in 2022. New turbines are expected to be more efficient as well as larger — rated in the double digits, in contrast to the currently largest 8MW models. Furthermore, the industry has pointed towards the negotiated tendering process in Denmark as a factor in reducing uncertainties and thus costs. In general, the cost for offshore wind energy parks has fallen drastically in the past few years, after a concerted effort by the industry as a whole, indicating increased industrialization of the sector and economies of scale in Northern Europe. Hopefully, Kriegers Flak signifies yet another leap forward in terms of bringing down offshore wind energy costs. If this is the case, offshore wind is set to play a key role in the decarbonisation of the European electricity sector. These falling costs and signs of a growing and maturing industry will hopefully help create more political certainty about the financing of Denmark’s future energy policy, as well as bring more investor certainty after a turbulent year for the Danish wind sector. Falling electricity prices have led to a heated debate in Denmark about the cost of renewables support as less revenue earned on the electricity market has pushed up the required subsidies — in spite of lower production costs. This has led to total financing costs above what was originally envisioned for the energy agreement of March 2012, which was backed by a broad parliamentary coalition. Consequently, the government has suggested to halt the planned 350 MW near-shore wind power projects; a proposal which currently has not received broad political backing. However, with a bid at less than half of the budgeted cost for Kriegers Flak, support costs are expected to be far lower than were recently expected. This could hopefully allow financing for both Kriegers Flak and the 350 MW near-shore projects. The political discussion on costs has become all the more pertinent due to the ongoing negotiations to shift the cost of financing renewables away from consumers’ electricity bills — which have grown increasingly expensive and are heavily taxed — and onto the government budget. A final agreement is expected before the end of 2016 – including a go-ahead for Kriegers Flak. Projects such as Kriegers Flak are a showcase for the wind industry and for the power of regional projects. Kriegers Flak will be connected to both Denmark and Germany, and as such is also a novel grid-expansion project that will bridge a gap in the infrastructure of the European power system and help ensure security of supply, specifically for consumers in eastern Denmark. The potential for offshore wind is vast. Regional as well as national projects for power generation and stronger grid interconnection can provide sustainable growth and jobs and solidify European leadership in the sector and the supply chain. Regional offshore co-operation can also enhance the cost-efficiency of European energy and climate objectives. This positive story should also buoy all the countries meeting at COP22 in Marrakech. Such low bids bode well for the decarbonisation of our economies cost-effectively, while simultaneously reaching our climate change targets. And once the EU’s Emissions Trading System can be thoroughly reformed and put back on track for reducing emissions, and the carbon price is closer to the levels expected when the ETS was created, a much greater part of these objectives can be driven by the carbon market and be met at even lower cost for consumers. Stine Leth Rasmussen is head of the generation and analysis department at the Danish Energy Association.


News Article | January 7, 2015
Site: gizmodo.com

There's been plenty of criticism of wind power over the past few years, as adoption grows and potential side effects emerge. That hasn't stopped energy progressive Denmark, which set a world record by generating a huge 39 percent of its electricity via wind in 2014. According to a new report from Think Progress, the country has added over 100 new offshore wind turbines to its arsenal this year—making it possible to generate nearly 40 percent of its electricity needs out of thin air (so to speak). The Local Denmark adds that the push is part of Denmark's aggressive goal of completing weening itself off of coal power in under a decade. But there's a major caveat afoot here, as well. Wind may have powered nearly half of Denmark's electricity demands, but The Local points out it's still a tiny amount of the country's overall energy usage: But while wind power accounted for nearly 40 percent of Denmark's electricity in 2014, wind only covers about five percent of the nation's total energy use. According to the Danish Energy Association, electricity only makes up one tenth of Denmark's total energy usage and the use of fossil fuels like oil, coal and natural gas still accounts for about three fourths of Denmark's total energy use. So while a new world record for wind power is great, Denmark—and the rest of us behind it—still have a long, long way to go when it comes to weening ourselves off carbon-heavy energy sources. [Think Progress]


Hartmann files complaint case against the Danish Energy Regulatory Authority and summons the The Energy Board of Appeal to gain clarity concerning the legal basis in the pending case on pricing of district heating from Hartmann's combined heat and power plant. Hartmann's daily operations and outlook are not impacted by the legal steps or the final outcome of the case. Following a recently passed decision by the The Danish Energy Regulatory Authority on Hartmann's obligation to prepare heating accounts for 2015, uncertainty has arisen concerning the legal basis in the pending case between Hartmann and Tønder Fjernvarmeselskab on pricing of district heating, which was initiated in 2008. The Danish Energy Regulatory Authority has based its new decision in the related case on provisions of the Heat Supply Act, while the Energy Board of Appeal's final administrative decision on the principal matter concerning pricing states that the question of a potential claim for repayment is not regulated by the Heat Supply Act and instead falls within the jurisdiction of the courts. It is decisive to establish certainty about the legal basis for the principal matter. Hartmann has therefore filed a complaint over the Danish Energy Regulatory Authority's decision in the related case to the Energy Board of Appeal. Hartmann has also summoned the Energy Board of Appeal to appear in the City Court of Copenhagen, claiming that the Board's decision on the principal matter is legally invalid and should be referred back for closer reconsideration of the pricing question. In 2015, Hartmann ceased to deliver district heating and was released from its universal service obligation to Tønder Fjernvarmeselskab, and neither the aforementioned legal steps nor the final outcome of the main case will thus affect daily operations, the outlook for 2016 or the targets for 2017. For further information, please contact: Ulrik Kolding Hartvig CEO Telephone: (+45) 31 21 68 72

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