In an opinion piece on Recharge News, Chief Executive Officer of Vestas Henrik Andersen calls on politicians in Europe not to neglect investments in green energy, including wind energy, at a time when they are stepping in to protect consumers from sky-high energy prices.

”With the energy crisis now threatening economic instability, it’s understandable that governments must step in with urgent measures. Short-term market interventions like the EU’s proposed ’crisis contribution’, however, will only address the symptoms of the energy shock, not the underlying cause,” writes Anderson in the opinion piece.

He points out that the crisis is caused by Europe’s overdependence on fossil fuels and that a long-term solution is an expansion of renewable energy.

”And if we don’t sow the seeds now, we risk being back here next year.”

The head of Vestas further warns that interfering with market conditions such as changing market design or caps on profits should be approached with ”caution”:

”We have to avoid triggering market distortions that dampen investor appetite for renewable energy in the long run.”

At the same time, Andersen says he is skeptical of plans to scale up fossil energy sources in the short run.

”The only solution is to prioritize long-term resilience. Resilience means energy independence, the ability to rely on an energy system that is decarbonized, low-cost, and resistant to tampering of supply.”

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