Vestas Wind Systems AS - Company Profile

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Vestas Wind Systems AS: Segment Analysis

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Business Description

Vestas Wind Systems AS (Vestas) designs, manufactures, installs and provides services to onshore wind turbines, power converters, blades and towers. It offers maintenance partnering, parts and repair offerings, fleet optimization solutions, and data and consultancy services.

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R&D Overview

Vestas focuses on leveraging its technical expertise and advanced turbine technology to develop high-quality renewable energy projects. The company employs intelligent project design, utilizing mesoscale wind maps and advanced modeling to optimize turbine layout and ensure efficient site utilization. Vestas also conducts environmental activities, including biodiversity surveys and geotechnical studies, to ensure sustainable project development. The company collaborates with local communities and authorities to secure land, obtain permits, and ensure successful project execution. The company has R&D facilities in Denmark, Germany, the UK, Portugal, and India. In FY2025, it spent EUR4,240 million on R&D, which as a percentage of revenue, stood at 2.3% and grew 12% YoY.

Business Segments

Overview

Develops and manufactures onshore wind turbines, blades, power converters, and towers. - Wind turbine portfolio: The EnVentus with an output range of 7.2; 6.2 MW; and 6 MW platforms. - Variants of The EnVentus platform: V172-7.2 MW, V150-6 MW, V162-6.2 and V162-7.2 MW. - Serves customers under supply-only, supply-and-installation, and turnkey EPC contracts. - Also provides project planning; turbine options and solutions; construction and installation; and hybrid power plant solutions from siting to construction, grid connection, and service.

Performance

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Overview

Provides maintenance, parts and repair, and fleet optimization services. - Provides a range of parts and repair services, including advanced inspection programs, uptower repairs of major components, and wind turbine spare parts shopping platform, Shop Vestas. - Offers maintenance offerings from low-scope services to wall-to-wall programs with advanced guarantees; and also offers multi-brand maintenance services. - Offers energy yield services through optimization of operational parameters, implementation of software algorithms, and enhanced aerodynamic add-ons.

Performance

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Geographical Segments

Performance

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Performance

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Performance

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