Dong Energy has released an outline of what it calls its "strategy for 2020," a strategy that includes quadrupling its installed offshore wind capacity, doubling the share of biomass used by its Danish power stations and quadrupling energy savings by its customers.
At the same time, the company said, it no longer has an interest in pursuing investments in onshore wind, hydro power, waste-based power stations or electric vehicles.
Among its key strategic objectives:
• In 2020, CO2 emission per produced kWh must be reduced to 260g. In 2012, the emission was 443g/kWh.
• In 2020, the installed offshore wind capacity must be 6.5GW. In 2012, the capacity was 1.7GW.
• In 2020, electricity from offshore wind power must be below EUR 100 per MWh. In 2012, the price was approximately EUR 160/MWh.
• In 2020, biomass must constitute at least 50 per cent of Danish heat and power production. In 2012, biomass constituted 21 per cent.
• In 2020, annual energy savings for Danish customers must be at least 5.9TWh compared to the 2006 baseline. In 2012, the annual savings were 1.6TWh.