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. 

Explore further:
Listen to last week’s episode on the wind industry’s struggle and how one big player remains bullish.
Read about how the wind industry is breaking free of European bureaucracy.
Listen to an earlier episode on how to make the renewable energy industry profitable in developed and developing countries.

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.

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. 
Explore further:
<ul>
<li aria-level="1">Listen to last week’s episode on <a href="https://omny.fm/shows/zero/how-energy-islands-can-supercharge-offshore-wind">the wind industry’s struggle and how one big player remains bullish</a>.</li>
<li aria-level="1">Read about how the wind industry is <a href="https://www.bloomberg.com/news/articles/2024-02-12/wind-power-is-breaking-free-of-european-bureaucracy?sref=jjXJRDFv">breaking free of European bureaucracy</a>.</li>
<li aria-level="1">Listen to an earlier episode on how to make the <a href="https://omny.fm/shows/zero/making-renewables-a-profitable-bet-everywhere">renewable energy industry profitable in developed and developing countries</a>.</li>
</ul>
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 <a href="https://www.bloomberg.com/green">https://www.bloomberg.com/green</a>.

Zero is about the tactics and technologies taking us to a world of zero emissions. Each week Bloomberg’s award-winning reporter Akshat Rathi talks to the people tackling climate change – a venture capitalist hunting for the best cleantech investment, scientists starting companies, politicians who have successfully created climate laws, and CEOs who have completely transformed their businesses. The road to zero emissions has many paths and everyone’s got an opinion about the best route. Listen in.

Zero: The Climate Race

Zero

The slow and painful recovery of the wind industry

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/38baaa01-fa09-449e-ac21-b15c01178e6d/transcript

Advertisement