The CEO of the energy advisory firm Lawrence Energy Group is also the firm’s founder, David Lawrence, a former energy executive of the Royal Dutch Shell Corporation. In his role as executive vice president of the exploration and commercial division, David Lawrence directed and managed Shell’s wind energy business.
The Scandinavian nation of Denmark is on track to meet its goal of generating 50 percent of its energy from renewable sources. In 2016, almost 44 percent of electricity consumed in the northern European nation came from wind power, setting a world record. In recent years, Denmark’s government has invested heavily in wind energy, spending over $30 million on test turbines alone in 2018.
Denmark’s focus on wind energy is not directly related to today’s concerns regarding nonrenewable energy sources. The world’s largest producer of wind turbines is a 110-year-old Danish manufacturer, and wind energy production has been subsidized by the Danish government since the early 1970’s.
As demand for renewable energy increases worldwide, the wind turbine market is projected to be an $80 billion industry by 2019. Based on this trend, Danish energy officials expect the wind industry to be self-sustaining in the near future.