Johannes Poulsen, who was CEO at Vestas for 15 yearsuntil 2002, is in line to head the fund’s team, which will also include ex-CFOHenrik Norremark.

“If they get started I will make myself available,”Poulsen told Danish newspaper Borsen, adding that “it is in the interest of theindustry that I am doing this”.

The new fund will have DKr3.5bn for investments in newwind turbines, using finance from wealth funds and institutional investors,sources told the newspaper.

Vestas’