- Business
- Vestas Wind Systems A/S Vestas Wind Systems A/S engages in the design, manufacture, installation, and servicing of wind turbines and wind power plants worldwide. The company operates through Power Solutions and Service segments; Power Solutions develops and sells onshore and offshore wind turbines, wind power plants, and development sites including advanced models such as the V236-15.0 MW for offshore applications; Service provides full lifetime management including maintenance, parts, repairs, and service contracts for over 56,000 turbines totaling 159 GW capacity across 71 countries. Founded in 1898 and headquartered in Aarhus, Denmark, Vestas employs around 30,000-36,000 people and generates significant revenue from Europe, the Middle East, Africa, the Americas, and Asia-Pacific while leading in sustainable energy with over four decades of wind expertise and 30 years in offshore projects. Recent developments include a three-year contract worth EUR 210 million with Cadeler for the Wind Keeper vessel to support offshore operations and maintenance starting in 2026, alongside Q3 2025 results announcements and ongoing share buy-back programs.