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

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Energy

Study: Energy-hungry data centres and air con wiping out climate gains made by renewables

Study: Energy-hungry data centres and air con wiping out climate gains made by renewables

Report warns rapid expansion of renewables is largely covering fast-growing energy demand from data centres and cooling systems rather than displacing fossil fuels

clock 16 February 2026 • 5 min read
A new energy is taking over: Five forces defining the next phase of the global energy transition

A new energy is taking over: Five forces defining the next phase of the global energy transition

The global energy transition is now underpinned by so much investment, corporate willpower, and future-oriented policymaking that it's looking to become irreversible, writes Climate Group's Sam Kimmins

Sam Kimmins, Climate Group
clock 13 February 2026 • 6 min read
Government hits back at Tony Blair Institute call to ditch clean power targets

Government hits back at Tony Blair Institute call to ditch clean power targets

Think tank calls for 'energy strategy reset' to permit more drilling in the North Sea and drop clean power by 2030 goal, sparking criticism from government and analysts

James Murray
clock 13 February 2026 • 7 min read