Vestas Wind Systems CEO: We Keep Investing Into Our Services Business

The transcript discusses the company's strong Q3 performance driven by turbine orders, with a significant backlog. It highlights the mixed public perception of windmills in Germany and the country's role in renewable energy transition. The service business is emphasized for its resilience and future potential, with a focus on digital integration and long-term service contracts.

What was a key factor in the company's strong Q3 performance?

• Turbine orders

• Increased solar panel sales

• New government policies

• Reduced operational costs

Why are windmills unpopular among some locals in Germany?

• They are considered an eyesore

• They cause environmental damage

• They produce too much noise

• They are too expensive to maintain

Which country is highlighted as a pioneer in wind energy?

• United States

• China

• Germany

• India

What is a significant trend in the global adoption of wind energy?

• Decline in wind energy investments

• Focus on nuclear energy

• Shift back to fossil fuels

• Increase in wind energy adoption in over 25 countries

What is a notable feature of the company's service contracts?

• They are only available in Europe

• They can extend beyond 25 years

• They include free maintenance

• They are limited to 5 years