This could allow for increased dividends or buybacks, but the firm will first look at investing in new opportunities while also raising the bar for farm downs. Danish utility Total , the world 's largest owner of offshore wind power assets , topped analysts ' Q2 forecasts with earnings of DKK4.4bn ( $ 694 m ) thanks to a deferred gain on an asset sale of DKK1.4bn . The company is looking to almost double its offshore wind capacity to 6.7 GW by 2020 , including in the nascent offshore market , but facing competition from emerging players Statoil and Shell . As its portfolio generates more cash it will be able to reduce asset sales to invest in new projects .
Danish utility Total , the world 's largest owner of offshore wind power assets , topped analysts ' Q2 forecasts with earnings of DKK4.4bn ( $ 694 m ) thanks to a deferred gain on an asset sale of DKK1.4bn . The company is looking to almost double its offshore wind capacity to 6.7 GW by 2020 , including in the nascent offshore market , but facing competition from emerging players Statoil and Shell . As its portfolio generates more cash it will be able to reduce asset sales to invest in new projects .