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Vestas | Competitive Intelligence Profile

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

🛍️ Vestas Product and Pricing News →

👔 Vestas CEO, Management and Leadership Team →

⚔️ Vestas Alternatives and Competitors →

💼 Vestas Hiring and Layoffs →

🤖 Vestas Developer, Integration and Automation News →

📈 Vestas Financials, Fundraising and Valuation News →

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🛍️ Vestas Product and Pricing News

  • Vestas is involved in a project to accelerate green transition with offshore wind farms, aiming to power 2.5 million Polish households by 2027.
  • Vestas has launched a 100% methanol-powered crew transfer vessel as part of a 10-year agreement with Northern Offshore Services to decarbonize operations.
  • 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 MW™ wind turbine in Brazil and Latin America at the Serra do Tigre Wind Complex for Casa dos Ventos Energias Renováveis.
  • Vestas is involved in ongoing construction activities at the Acibal site despite legal orders to halt operations.

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  • 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.
  • Vestas added Ukraine to its job location list and removed the Graduate position type from its job offerings.

👔 Vestas CEO, Management and Leadership Team

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⚔️ Vestas Alternatives and Competitors

  • Siemens Gamesa
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  • Cadeler
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  • Orsted
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  • Titan Wind Energy
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  • Envision Energy
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  • Konсar 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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💼 Vestas Hiring and Layoffs

  • Rasmus Have has left Vestas as a Senior Cyber Security Architect in Denmark to become the CEO & Founder of ABTRION.
  • Claudio Facchin has joined Vestas as a Non Executive Director in Switzerland, previously holding a position at another company.
  • On April 8, 2025, Vestas re-elected Anders Runevad as Chair and Karl-Henrik Sundström as Deputy Chair of the Board.
  • On April 8, 2025, Vestas elected Bruno Stéphane Emmanuel Bensasson and Claudio Facchin as new board members.
  • Nina Brodersen has joined Vestas as Regional Tax Director NCE in Germany, previously serving as Head of Global Tax at Evotec.

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  • Jared Cherni has left Vestas as Regional Manager - Project Development in the United States to join Stella Energy Solutions as Vice President - Business Development.
  • Noel Pratap Marshall has joined Vestas as Director- Global Transport Operations in India, previously holding a position at another company.
  • Eugene Pottenger has left Vestas, where he served as VP, Design Coalition Lead, Scalable Value-Chain Transformation Program in Denmark, to join Accenture as Associate Director, Industry X.

🤖 Vestas Developer, Integration and Automation News

  • Vestas and Siemens Gamesa have launched a joint guideline for wind turbine seafastening to promote standardization and efficiency in the industry.
  • Vestas signed a Memorandum of Understanding with Mitsubishi Electric and a Letter of Intent with Fuji Electric to develop components for wind turbines, announced at a Denmark-Japan roundtable attended by King Frederik X of Denmark.
  • On April 22, 2025, Vestas signed an MoU with PLN IP to explore wind power development in Indonesia.
  • Vestas partnered with Nooteboom Trailers to transport new turbines for Cabeólica's expansion project to the Santiago Wind Farm.
  • Endiprev announced a partnership with Vestas to support major European offshore wind farms, including the Walney wind farm in the UK.

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  • Vestas secured a 50 MW wind order from Edison Spa for projects in Italy, including V136-4.5 MW turbines and a 10-year maintenance agreement.
  • 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 £600m investment project for ten wind farms across Wales with Copenhagen Infrastructure Partners.

📈 Vestas Financials, Fundraising and Valuation News

  • Vestas reported Q1 2025 revenue of EUR 3.5bn with an EBIT margin of 0.4%, and an increased order backlog of EUR 69.8bn, maintaining full-year guidance.
  • Vestas' market value has dropped significantly compared to its European competitors, making it an interesting buy according to Artha Kapitalforvaltning.
  • Vestas experienced a slow start in order intake during the first quarter of 2025, following a strong end to 2024.
  • Vestas is involved in the European i4CAMhub project funded by the European Union's Next Generation EU and the Recovery, Transformation, and Resilience Plan.
  • Vestas has been selected by the Spanish government to receive part of a €750 million fund for green industry projects, focusing on increasing wind turbine blade production at its Daimiel plant.

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  • Vestas released a Life Cycle Assessment for their V163-4.5MW onshore turbine, revealing a carbon footprint of 5.09 gCO2e/kWh and a recyclability rate of up to 98.5%.
  • Vestas, a global energy company focused solely on wind energy, operates over 55,000 wind turbines that collectively reduce carbon emissions by more than 60 million tons.

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