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 DONG, the world's largest owner of offshore wind power assets, beat analysts' Q2 forecasts with earnings of DKK4.4bn ($694m) 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 entering the nascent US market, but faces 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.