Message from CEO Olivier Fontan Olivier Fontan Chief Executive Officer Global urgency Four years have passed since the adoption of the Sustainable Development Goals by the United Nations - the blueprint to achieving a better and more sustainable future for all. While there is progress in some areas, the global response is generally not deemed ambitious enough to achieve our 2030 goals to eradicate poverty, inequality and hunger. On climate change specifically, 2019 ends the hottest decade and is the second hottest year ever recorded. It goes without saying that immediate action is needed. New technology to lead the energy transition With more than three decades of experience, LM Wind Power has a track record of producing ever-longer, lighter and more efficient blades that lower the Levelized Cost of Energy (LCOE). In many segments, the industry has succeeded in decreasing the cost of wind energy to a level on par or even lower than other forms of energy. Wind projects nowadays win tenders without any guaranteed feed-in tariff, showing that wind projects are possible on market terms. The wind industry is a key part of the transition to a cleaner energy system and an enabler to address other sustainability challenges. Within the industry, LM Wind Power has taken a leadership role in sustainability. Our company’s vision is, “Together, we capture the wind to power a cleaner world,” and we’re definitely living that vision! Our company and industry are growing at a pace few will ever witness. Although doubledigit growth comes with operational challenges, it is a clear signal that the world wants more reliable, affordable and sustainable forms of energy. Our people help deliver precisely that, every day. Enabling our customers to deploy our latest technology in their bids will soon allow for zero-subsidy wind farms in many other geographies. This year again, we introduced new breakthrough technologies such as the two-piece blade for GE’s Cypress platform and the longest blade ever, our 107-meter blade for the GE Haliade-X 12 MW wind turbine. Towards the end of the year, our record-breaking blades were installed on a prototype Haliade-X turbine in Rotterdam, The Netherlands, which generated its first watts of electricity. We keep investing in the manufacturing technology to serve our customers and produce our blades in time, on cost and with high quality. 3 | LM WIND POWER SUSTAINABILITY PERFORMANCE 2019
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