Vestas - Federated Hermes

Through their cost-effective turbines, manufacturer Vestas have boosted the attractiveness of wind power relative to other energy sources.

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... In 2018, the Intergovernmental Panel on Climate Change (IPCC) found limiting global warming to 1.5°C would require a 45% reduction in global greenhouse gas (GHG) emissions by 2030. At an average cost of $44/MWh, wind is on a par with solar power as one of the cheapest alternatives to fossil fuel.

Turbine manufacturers account for the majority of costs associated with onshore wind, and there are surprisingly few in the business. Compared to the plethora of contractors involved in installation and site management, the onshore wind equipment market is dominated by three key players. Federated Hermes' holding – Vestas – is one such manufacturer. The company is the largest global supplier of onshore wind turbines, with an 18.1% market share in 2019.

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