Denmark’s Vestas has been making wind turbines exclusively since 1989 — well before the notion of an energy transition was commonplace. But that foresight hasn’t made for smooth sailing: When Henrik Andersen joined Vestas in 2013 as a board member, the company was deep in debt and shareholders were worried. A decade later, Andersen is CEO and has pulled Vestas out of trouble yet again, just as wind power is starting to play a critical role in the global energy transition. Andersen describes some of the government policies that have hindered or helped the growth of this sector, and describes the innovations making wind harvesting even more efficient.
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Zero is a production of Bloomberg Green. Our producers are Mythili Rao, Sommer Saadi and Magnus Henriksson. Special thanks this week to Kira Bindrim and Will Mathis. Thoughts or suggestions? Email us at zeropod@bloomberg.net. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.
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