Vestas Wind Systems AS - Company Profile

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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. It’s service offerings of Vestas include data-driven consultancy, fleet optimization, blade maintenance and inspection, power generator repairs, and gearbox exchange. Vestas 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.

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Headquarters Denmark

Address Hedeager 42, Aarhus N, 8200


Telephone 45 97 300000

No of Employees 30,586

Industry Alternative Energy

Ticker Symbol & Exchange VWS (CPH)

Revenue (2022) $16.6B 6.2% (2022 vs 2021)

EPS XYZ

Net Income (2022) XYZ 104.9% (2022 vs 2021)

Market Cap* $25.9B

Net Profit Margin (2022) XYZ 104.6% (2022 vs 2021)

* As of and is in US$
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Vestas Wind Systems AS premium industry data and analytics

1,200+

Tenders & Contracts

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

3

Energy Storage Projects

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

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.

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
XYZ XYZ
XYZ XYZ
XYZ XYZ
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History

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

Year Event Description
2024 Contracts/Agreements In March, the company secured an 81 MW order from Edison Rinnovabili to introduce 18 V136-4.5 MW wind turbines in Roio del Sangro, Monteferrante Guado, Monteferrante Casone, and Montazzoli wind parks, in Abruzzo, Italy.
2024 Contracts/Agreements In March, the company secured a firm order from Energa Green Development for the Szybowice project in Opolskie, Poland.
2024 Contracts/Agreements In March, the company secured an order from Sempra Infrastructure for the development of the Cimarron wind farm in Tecate.
Dive into past operations, including product releases, deals, acquisitions & more Dive into past operations, including product releases, deals, acquisitions & more Find out more
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Competitor Comparison

Key Parameters Vestas Wind Systems AS Orsted Salg & Service A/S Nordex SE Suzlon Energy Ltd Enercon GmbH
Headquarters Denmark Denmark Germany India Germany
City Aarhus Fredericia Hamburg Pune Bremen
State/Province - - Baden-Wurttemberg Maharashtra Bremen
No. of Employees 30,586 6,179 10,133 1,451 -
Entity Type Public Private Public Public Private
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Executives
Name Position Board Since Age
Anders Runevad Deputy Chairman Executive Board 2021 63
Henrik Andersen Chief Executive Officer; President Senior Management 2019 56
Hans Martin Smith Chief Financial Officer Senior Management 2022 44
Tommy Rahbek Nielsen Executive Vice President; Chief Operating Officer Senior Management 2020 53
Anders Nielsen Executive Vice President; Chief Technology Officer Senior Management 2020 61
Non Dignissim Eros Proin vel Convallis 2024 XY
Non Dignissim Eros Proin vel Convallis 2024 XY
Non Dignissim Eros Proin vel Convallis 2024 XY
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