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. Dong said its earnings for 2015 would be down by about 20 percent from last year, but that was still better than most other major companies. The announcement comes as the company revealed a surge in earnings from renewable energy. JPMorgan has been hired by Dong Energy to assist in reviewing 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. Dong said its earnings for 2015 would be down by about 20 percent from last year, but that was still better than most other major companies. JPMorgan has been hired by Dong Energy to assist in reviewing its assets.