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Generous Subsidies for DONG Energy

Monday, 12 September 2016

DONG Energy, the largest energy company in Denmark, owns stakes in eight UK offshore wind farms, corresponding to 40 percent of UK’s offshore wind capacity. These wind farms received around 650 million GBP in subsidies in 2015 from the United Kingdom, which has been criticised by the National Audit Office for being too generous. Further, the telegraph argues, that based on Dong’s shares of those wind farms, it is entitled to about 250 million GBP. Dong is currently involved in further big UK offshore projects. As per estimates, the new windfarms will receive subsidies worth 880 million GBP a year as soon as they are generating electricity.

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