Dong Energy is quitting the oil and gas business to focus on renewable energy . The Danish company , which is the world 's biggest producer of offshore wind power , made the announcement as it revealed a decline in renewable energy earnings . CEO Henrik Poulsen said : " We want to get to the right place , that obviously adds value to shareholders and provides the oil and gas industry with the right long - term opportunities . " JPMorgan has been hired by Dong Energy to assist in selling its assets .
Dong Energy is quitting the oil and gas business to focus on renewable energy. The Danish company, which is the world's biggest operator of offshore wind power, made the announcement as it revealed a rise in renewable energy earnings. CEO Henrik Poulsen said: "We want to get to the right transaction, that obviously provides value to shareholders and provides the oil and gas business with the right long-term opportunities." JPMorgan has been hired by Dong Energy to assist in reviewing its assets.