Less than two weeks after taking up the CEO mantle, Mads Nipper released his first big news Tuesday evening CET: Even with Covid-19, the utility managed to exceed its already upgraded guidance and now expects to book an operating result of DKK 18 billion (EUR 2.4 billion) for 2020.
Upon closer examination, however, the first announcement under the new chief contains other information as well. A message that can, perhaps a bit harshly, be interpreted as saying he came at a time when offshore wind's golden age is nearing its end. Meaning the era of making grand profits from building offshore wind farms rather than the propagation of the technology, which, conversely, is in the midst of a global breakthrough.
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