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Vestas Wind Systems AS: Overview

Vestas Wind Systems AS (Vestas) is a renewable energy company. It designs, manufactures, installs, and provides services to onshore and offshore power converters, wind turbines, blades, and towers. The company’s solutions encompass parts and repair to preventive inspections and advanced repairs. The service offerings of Vestas include data-driven consultancy, fleet optimization, blade maintenance and inspection, power generator repairs, and gearbox exchange. It partners customers to monitor wind energy production and performance of the wind power plant throughout its lifetime. The company serves customers across the world, and has manufacturing and testing facilities in North America, Latin America, Europe, and Asia. Vestas is headquartered in Aarhus, Denmark.

Headquarters Denmark

Address Hedeager 42, Aarhus N, 8200


Telephone 45 97 300000

No of Employees 28,729

Industry Alternative Energy

Ticker Symbol & Exchange VWS (CPH)

Revenue (2021) $18.4B 5.2% (2021 vs 2020)

EPS XXX

Net Income (2021) XXX -78.2% (2021 vs 2020)

Market Cap* $19.9B

Net Profit Margin (2021) XXX -79.3% (2021 vs 2020)

* As of and is in US$

Access premium data and analytics for Vestas Wind Systems AS

13,700+

Power Plants

Access key information on power plants and upcoming projects for Vestas Wind Systems AS. View Information by various power generating sources, project demographics, commercial and technical information.

1,200+

Tenders & Contracts

Detailed insights into open, awarded and pre-solicited tenders and contracts for Vestas Wind Systems AS.

20+

Smart Grid

Tracks all upcoming smart grid projects across the globe. It provides detailed information about advanced grid & IT infrastructure, microgrid, automation and other smart infrastructure projects.

2

Energy Storage Projects

Understand the energy storage landscape for Vestas Wind Systems AS, drawing on intelligence spanning electrochemical, electromechanical, thermal and hydrogen storage.

310+

Install Base

Install Base provides a holistic and a granular view of the IT product/service deployments from leading vendors. Explore IT infrastructure categories, solution and product/service areas deployed by a prospect.

7

IT Services Contracts

Improve competitive bidding with insights into all publicly disclosed IT services contracts for Vestas Wind Systems AS (including IT outsourcing, business process outsourcing, systems integration & consulting and more).

1

ICT Spend & Tech Priorities

IT Client Prospector provides intelligence on Vestas Wind Systems AS’s likely spend across technology areas enabling you to understand the digital strategy.

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Products and Services

Products Services Brands
Power Converters Power Plant Optimization Options and Solutions Active Output Management
Wind Turbines Installation and Operation Vestas
Blades Wind Project Planning PowerPlus
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History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
2022 Contracts/Agreements In September, the company received a 185 MW order to power a wind project in the USA.
2022 Contracts/Agreements In September, the company received an order of 66 MW for repowering the Lensahner Berg/Gaarz wind farm in the northeast of Schleswig-Holstein.
2022 Others In September, the company announced Sulzer Schmid completed its fourth successive European inspection campaign for Vestas, covering 4,000 wind turbines in seven countries across Northern and Central Europe.
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Competitor Comparison

Key Parameters Vestas Wind Systems AS Nordex SE Orsted Salg & Service A/S Suzlon Energy Ltd Sinovel Wind Group Co Ltd
Headquarters Denmark Germany Denmark India China
City Aarhus Hamburg Fredericia Pune Beijing
State/Province - - - - Beijing
No. of Employees 28,729 9,046 6,179 1,592 1,181
Entity Type Public Public Private Public Private
Benchmark the company against the market with exclusive information on key competitors Benchmark the company against the market with exclusive information on key competitors Find out more
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Executives
Name Position Board Since Age
Bert Nordberg Chairman Executive Board 2012 66
Anders Runevad Deputy Chairman Executive Board 2021 62
Henrik Andersen Chief Executive Officer; President Senior Management 2019 55
Hans Martin Smith Chief Financial Officer Senior Management 2022 -
Tommy Rahbek Nielsen Chief Operating Officer; Executive Vice President Senior Management 2020 52
Non Dignissim Eros Proin vel Convallis 2022 XX
Non Dignissim Eros Proin vel Convallis 2022 XX
Non Dignissim Eros Proin vel Convallis 2022 XX
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