Ørsted CEO: Offshore Wind's Boom and Bust, America's Pushback and Rebuilding Trust

About this episode

Nicolai Tangen sits down with Rasmus Errboe, CEO of Ørsted, the world's largest offshore wind company, to discuss the company's evolution from a Danish oil and gas business into a pure-play renewables leader. They talk through the US government's stop-work order on an 80%-built project, the lawsuit that followed, and the record €8 billion capital raise that supported Ørsted's turnaround plan. The conversation also covers what has driven offshore wind costs up and down over the past decade, and how Errboe has approached leadership during a demanding period. He also reflects on a personal decision from earlier in his life that he later came to see differently. Tune in! In Good Company is hosted by Nicolai Tangen, CEO of Norges Bank Investment Management. New episodes every Wednesday. The production team for this episode includes Isabelle Karlsson, Halvor Njerve and PLAN-B's Niklas Figenschau Johansen and Håkon Klemsdal. Background research was conducted by Karoline Woie. • Watch the episode on YouTube: Norges Bank Investment Management - YouTube • Want to learn more about the fund? The fund | Norges Bank Investment Management (nbim.no) • Follow Nicolai Tangen on LinkedIn: Ni