Why Europe's Wind Energy Edge is at Risk

Why Europe's Wind Energy Edge is at Risk

OilPrice.com

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Henrik Andersen, CEO of Danish wind turbine giant Vestas Wind Systems A/S, has issued a stark warning to European policymakers: without stronger and more cohesive industrial strategies, Europe may lose its edge in renewable energy manufacturing to the U.S. and other regions. “Wind is largely a European creation — born in our universities, tested on our sites,” Andersen told Bloomberg News. “If we don’t protect and support what we’ve built, companies like ours will eventually move out of Europe. It’s that…

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