Henrik Andersen

Henrik Andersen leads Vestas Wind Systems as President and CEO, overseeing the world's largest wind turbine manufacturer. Vestas has installed more than 185 GW of wind capacity across 88 countries — more than any other company in history. The Danish company designs, manufactures, installs, and services both onshore and offshore wind turbines. The wind energy industry is central to global decarbonization efforts, with governments worldwide committing to massive renewable energy buildout. However, the industry has faced severe profitability challenges in recent years: supply chain disruptions, steel and commodity cost inflation, and intense price competition have compressed margins across the sector. Vestas has been working to restore profitability through selective order intake, pricing discipline, and supply chain optimization. The service business is a critical component: once turbines are installed, Vestas provides long-term service and maintenance contracts that generate recurring revenue with higher margins than turbine sales. Key stock drivers include global wind turbine order intake and pricing, turbine manufacturing margins, commodity and logistics costs, service segment growth and margins, U.S. Inflation Reduction Act and European Green Deal policy support, offshore wind project pipeline, competition with Siemens Gamesa and GE Vernova, and global renewable energy installation targets.