Danish wind-turbine manufacturer, one of the three biggest in Europe alongside Siemens Gamesa and Nordex. Each of the three has a larger installed base outside China than any other company, including America's GE Vernova, according to BloombergNEF. Henrik Andersen is chief executive. He has said it would be "too expensive" to make many components such as blade bearings and gearboxes in Europe, since China produces them in vast quantities, but that inputs carrying greater security risks, such as chips and sensors, should be carefully vetted.
Russia's invasion of Ukraine in 2022 cut the supply of steel and pushed up its price, clobbering profits. Manufacturing blunders inflicted further pain. Higher interest rates and American presidential animus led developers to scrap a number of big offshore-wind projects and cancel orders.
Drinking coffee for instant relaxation? That's like drinking alcohol for instant motor skills.