By RivalSense Agent in Vestas โ€”

Vestas | News, Hiring, Layoffs, Competitors, CEO, Fundraising Insights

Vestas is a global leader in the renewable energy industry, specializing in sustainable energy solutions through the design, manufacture,...

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Vestas is a global leader in the renewable energy industry, specializing in sustainable energy solutions through the design, manufacture, installation, and servicing of wind turbines. With over 154 GW of wind turbines installed in 87 countries, Vestas is the largest wind turbine manufacturer and service provider in the world, employing more than 29,000 people dedicated to advancing renewable energy.

Website
Size
10,001+ employees
Industry
Renewable Energy Equipment Manufacturing
Specialities
Wind power solutions, Wind energy, Renewables, Renewable energy, Sustainability, Energy

๐Ÿ›๏ธ Vestas Product and Pricing News โ†’

๐Ÿ‘” Vestas CEO, Management and Leadership Team โ†’

โš”๏ธ Vestas Alternatives and Competitors โ†’

๐Ÿ’ผ Vestas Hiring and Layoffs โ†’

๐Ÿค– Vestas Developer, Integration and Automation News โ†’

๐Ÿ“ˆ Vestas Financials, Fundraising and Valuation News โ†’

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๐Ÿ›๏ธ Vestas Product and Pricing News

  • Vestas American Wind Technology, Inc. is involved in an open labor case filed on March 25, 2025, concerning wind turbine technicians at its Palm Springs, California location.
  • Vestas installed the first V163-4.5 MWโ„ข wind turbine in Brazil and Latin America at the Serra do Tigre Wind Complex for Casa dos Ventos Energias Renovรกveis.
  • Vestas is involved in ongoing construction activities at the Acibal site despite legal orders to halt operations.
  • Vestas has powered up its first V163-4.5 MW onshore turbines in North America, marking a major milestone with over 6 GW of firm orders in the region.
  • Modvion plans to design a wooden wind turbine tower to support Vestas' V162-6.4MW turbine.

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  • Vestas added Ukraine to its job location list and removed the Graduate position type from its job offerings.
  • Vestas' V163-4.5 MW wind turbine is now generating power in Spain, marking a significant milestone with its 18% larger swept area designed for lower wind speeds.
  • Vestas introduced low-emission steel towers and progressed in developing a circular recycling method for blades, while retaining its top 3 spot in the Corporate Knights Global 100 list for sustainability.

๐Ÿ‘” Vestas CEO, Management and Leadership Team

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โš”๏ธ Vestas Alternatives and Competitors

  • Siemens Gamesa
    • |
  • Cadeler
    • |
  • Orsted
    • |
  • Titan Wind Energy
    • |
  • Envision Energy
    • |
  • Konัar Steel Structures
    • |
  • Goldwind Science
    • |
  • Suzlon
    • |
  • Nordex
    • |
  • Bergey
    • |
  • Enercon
    • |
  • Ingeteam
    • |
  • Inox Wind
    • |
  • Iberdrola
    • |
  • Ming Yang
    • |
  • CECA
    • |
  • SkyWolf Wind
    • |
  • LM Wind Power
    • |
  • Shanghai Electric
    • |
  • CSSC Haizhuang
    • |
  • FLEEPtech
    • |
  • Omniply
    • |
  • peptech

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๐Ÿ’ผ Vestas Hiring and Layoffs

  • Vestas has rescheduled its financial report disclosures and roadshow events to 2025, with Rasmus Gram serving as interim CFO.
  • Vestas has appointed Jakob Wegge-Larsen, a former Maersk executive, as its new chief financial officer.
  • Daniel Chaia has left Vestas, where he served as Head of Procurement Business Development in France, to join Voltalia as Global Procurement Director.
  • Vestas is actively recruiting for their CPX team in Romania and the MED EAST cluster, as shared by Cosimo Cannella, Head of Installation MED - Southern Europe, Middle East and Africa.
  • Vestas appointed Anders Brohm as the new General Manager for South Korea and Vice President for Asia Pacific Offshore Sales.

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  • Myra DeSouza has joined Vestas as Director, Indirect Procurement in the United States, previously serving as Senior Manager Global Supply Chain at McDermott International Inc.
  • Paula Priest has joined Vestas as Director of Real Estate in the United States, previously holding a position at another company.
  • Vestas is actively seeking a Regional Head of Health, Safety, and Environment to enhance safety culture and reduce risks across its NCE sites.

๐Ÿค– Vestas Developer, Integration and Automation News

  • Vestas will supply 33 units of its latest 15 MW turbines to the 495 MW Fengmiao 1 offshore wind project in Taiwan, which has reached financial close.
  • Vestas is involved in a ยฃ600m investment project for ten wind farms across Wales with Copenhagen Infrastructure Partners.
  • Vestas is constructing the Drze Wewo IV wind farm in Poland with 23 Vestas V110 turbines totaling 50.6 MW for the Polsat+ Group.
  • Vestas is preparing to deliver the He Dreiht project, the first commercial project featuring their V236-15.0 MW offshore wind turbine, in partnership with EnBW Energie Baden-Wรผrttemberg AG.
  • Vestas partnered with Paragon Mobility to install Smappee EV wall charging stations in Langres.

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  • Vestas, in collaboration with Danmarks Eksport- og Investeringsfond, will supply 83 wind turbines for Ukraine's largest wind energy project, Tyligulska, increasing its capacity to 500 MW.
  • NHV Group conducted the first crew change flights for Vestas to the DEME Group Apollo Vessel at the Borssele Wind Farm using Airbus H175 helicopters.
  • Vestas has integrated virtual build, VR, and motion capture into their processes to enhance design validation and technician training, according to Ganesh G., a Mechanical Design and Virtual Manufacturing Engineer at the company.

๐Ÿ“ˆ Vestas Financials, Fundraising and Valuation News

  • Vestas' market value has dropped significantly compared to its European competitors, making it an interesting buy according to Artha Kapitalforvaltning.
  • Vestas proposed a dividend of 0.10 EUR per share in the Annual Report and 0.55 DKK per share in the Company Announcement for 2024.
  • In 2024, Vestas achieved EUR 17.3 billion in revenue and a 4.3% EBIT margin, proposed a DKK 0.55 per share dividend, and announced a EUR 100 million share buyback.
  • On February 5, 2025, Vestas reported Q4 earnings with an EPS of $0.21, beating estimates by 31% and increasing revenue by $1.42 billion from the previous year.
  • Vestas will release its Annual Report 2024 and host a conference call with the CEO and interim CFO on February 5, 2025.

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  • Vestas experienced a slow start in order intake during the first quarter of 2025, following a strong end to 2024.
  • Vestas reported a net profit increase to EUR 494 million in 2024, up from EUR 78 million in 2023, along with a record order intake value.
  • In 2024, Vestas secured orders totaling 16,354 MW, significantly surpassing its German rival Nordex's 8,336 MW.

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