Vestas Wind Systems A/S
Other OTCCapital Structure
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in mil. unless spec.Company Description
- CEO
- Henrik Andersen
- Full Time Employees
- 36,973
- Sector
- Industrials
- Industry
- Industrial - Machinery
- Address
- Hedeager 42 Aarhus CD Denmark 8200
- IPO Date
- Oct 30, 2007
- CIK
- 0001330306
- Website
- vestas.com
- Similar Companies
- Business
- Vestas Wind Systems A/S (Ticker: VWDRY) is a leading global manufacturer and supplier of wind turbines and wind power solutions. The company designs, manufactures, installs, and services onshore and offshore wind turbines, including its core product platforms such as the 2 MW, 3 MW, 4 MW, and 15 MW turbine series; power plant optimization services; and digital solutions for asset management and performance enhancement [ from previous][ from previous]. Vestas operates through segments including Technology & Service North America, Technology & Service Europe, Technology & Service Asia Pacific, and Other; it serves utility-scale power producers, independent power producers, and corporate energy buyers worldwide across more than 80 countries, with manufacturing facilities in Denmark, the United States, China, India, Germany, Spain, and Brazil [ from previous][ from previous]. Founded in 1979 and headquartered in Aarhus, Denmark, Vestas holds a dominant position in the renewable energy sector with over 145 GW of installed capacity globally [ from previous]. In recent developments, Vestas secured a major 6 GW offshore wind turbine order in Poland in 2024, marking one of Europe's largest deals and supporting regional energy transition goals; it also launched the next-generation V236-15.0 MW offshore turbine variant with enhanced grid compliance features [ from previous]. The company expanded its service network through strategic partnerships, including a long-term agreement with RWE for offshore maintenance in the U.S. and a collaboration with Hitachi Energy for grid integration solutions; additionally, Vestas completed the acquisition of a minority stake in a blade recycling technology firm to advance sustainable manufacturing practices within the last year [ from previous]. These initiatives underscore Vestas' focus on scaling offshore capabilities, digital innovation, and circular economy principles amid growing global demand for clean energy [ from previous][ from previous].
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