How Wind Giant Vestas Turned Its Fortunes Around
“We won't get to carbon neutrality by fooling each other with targets that are not being fulfilled,” Henrik Andersen, chief executive officer of Danish wind energy company Vestas, says on this week’s Zero.
Henrik Andersen, chief executive officer of Vestas Wind Systems.
Photographer: Hollie Adams/BloombergWhen Henrik Andersen joined Danish wind energy company Vestas in 2013 as a board member, the company was deep in debt and facing an uncertain future.
Vestas, which was founded in 1898, had been an early entrant into the world of wind energy: Spurred on by new US legislation offering tax breaks to wind energy investors in the 1980s, the company was exclusively making wind turbines by 1989. In the 1990s and 2000s, it continued to expand, ultimately selling its technology around the world.