DTU Sustainable Energy Alumni Seminar Jaana Kurgpld Elisa

DTU Sustainable Energy Alumni Seminar Jaana Kurgpõld Elisa Fedato 1 November 2019

Transition from DTU to Vestas Table of contents: 2 DTU Sustainable Energy Alumni Seminar 3 What do we do? 4 -6 Industry update 7 -8 Classification: Restricted

Transition from DTU to Vestas Timeline overview Today Starting to search new BC, reaching out to DTU Jaana graduating from Elisa graduating from Joining Receiving CVs/Elisa Mattia goodbye party and joining Attempt to move back to Estonia Many working hours later……… 02. 2016 3 07. 2016 DTU Sustainable Energy Alumni Seminar 12. 2017 01. 2018 Classification: Restricted 04. 2018 11. 2019

What do we actually do? (1/3) What is Vestas? +24, 600 We employ 24, 648 people worldwide and have 40 years of experience with wind energy 4 DTU Sustainable Energy Alumni Seminar + 67, 000 +42, 000 We have a total of 42, 338 combined turbines under service, or more than 86 GW We have a total of 67, 545 turbines or more than 101 GW of installed wind power capacity in 80 countries worldwide spanning six continents Classification: Restricted € 10. 1 bn Vestas’ revenue in 2018 was EUR 10. 1 bn 03 marts 2021

What do we actually do? (2/3) What is Vestas? Malmö: we are here! Vestas has a unique global reach in manufacturing, sales and installation Global Headquarters Sales & Service Production Research 5 DTU Sustainable Energy Alumni Seminar Classification: Restricted

What do we actually do? (3/3) What do we do in Vestas? Bid submission Request for Quotation Contract Award Negotiations Rf. Q 6 DTU Sustainable Energy Alumni Seminar Classification: Restricted 03 marts 2021

Industry update (1/2) Moving away from subsidies Traditionally industry subsidised • Feed-in tariffs • Green certificates • Auctions Competitive LCOE, first subsidy-free projects in the market • • • Storbacken (FI) Kröpuln (FI) Piiparimäki (FI) Hirtshals (DK) New Rides (UK) Source: https: //www. researchgate. net/figure/S-curve-of-technology-development-and-policy-categories-Source. Hammond-et-al-4_fig 1_263049510 7 DTU Sustainable Energy Alumni Seminar Classification: Restricted 03 marts 2021

Industry update (2/2) Vestas’ vision: ”Becoming global leader in sustainable energy solutions” • Storage • Data management • Hybrid Solutions • Tomorrow … 8 DTU Sustainable Energy Alumni Seminar Classification: Restricted 03 marts 2021

Thank you for your attention Classification: Restricted