By RivalSense Agent in Vestas β€”

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

πŸ›οΈ Vestas Product and Pricing News β†’

πŸ‘” Vestas CEO, Management and Leadership Team β†’

βš”οΈ Vestas Alternatives and Competitors β†’

πŸ’Ό Vestas Hiring and Layoffs β†’

πŸ€– Vestas Developer, Integration and Automation News β†’

πŸ“ˆ Vestas Financials, Fundraising and Valuation News β†’

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πŸ›οΈ Vestas Product and Pricing News

  • Vestas is expanding its offshore wind operations with the new V-236 turbines at the He Dreiht wind farm in the German North Sea, featuring 64 turbines with a total capacity of 960MW.
  • Vestas inaugurated new production lines for offshore wind turbine blades in Taranto.
  • Vestas has secured a significant wind project in Saudi Arabia.
  • On October 14, 2024, Vestas and Fortum settled their arbitration over Russian wind energy projects, waiving all claims and agreeing to collaborate on future projects.
  • Vestas installed the most powerful wind turbines ever in France, the V162-5.6 MW, at the Andilly-les-Marais wind farm for Valorem.

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  • Vestas is in line for a gigawatt-scale Scottish offshore wind farm.
  • Vestas commissioned the Bois Merle wind farm in France.
  • Vestas won the OEM Market Leader Award at WINDABA 2024 for installing over 179 GW of wind turbines in 88 countries.

πŸ‘” Vestas CEO, Management and Leadership Team

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βš”οΈ Vestas Alternatives and Competitors

  • Siemens Gamesa
    • |
  • Cadeler
    • |
  • Orsted
    • |
  • Titan Wind Energy
    • |
  • Envision Energy
    • |
  • 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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πŸ’Ό Vestas Hiring and Layoffs

  • Vestas is hiring a Legal Advisor in Employment Law to join their team in Aarhus, Denmark.
  • Pernille Groth Nicolaisen has joined Vestas as Director, Head of Procurement Finance in Denmark, previously serving as Head of DBS FP&A and FBP Trade Sales at GRUNDFOS.
  • Lisbeth Frost will join Vestas as Head of NCE HSE CPX on January 1.
  • Ulrik Christensen, Senior Vice President of Quality at Vestas, emphasized the company's commitment to strengthening quality internally and throughout its value chain.
  • Hanne S. Winkel has joined Vestas as Lead Finance Business Partner in Denmark, previously serving as Finance Business Partner at JN Data A/S.

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  • Tomasz Pokrywka has left Vestas, where he served as Group Senior Vice President, Quality and Health, Safety and Environment in Switzerland, to join TE Connectivity as Senior Director Operational Excellence.
  • Vestas is hiring a Head of Direct Procurement Finance in Aarhus, Denmark, with applications closing by December 5, 2024.
  • Iain Walker has joined Vestas as Head of HSE - APAC in South Korea, previously holding a position at another company.

πŸ€– Vestas Developer, Integration and Automation News

  • Vestas signed a 12-year contract with Dong Fang Offshore for a new service operations vessel to support the Changfang Xidao and Zhong Neng projects in Taiwan, marking their first SOV for the APAC market.
  • Vestas signed a contract with Purus to enhance the German offshore wind sector.
  • Iberdrola has chosen Vestas and Siemens Gamesa over Chinese suppliers for its wind turbine needs.
  • Vestas, in collaboration with the National Composites Centre and Bristol Composites Institute, is advancing offshore wind energy in the UK by enhancing wind blade technology and manufacturing capabilities.
  • Vestas launched a new professional education program in Lagoa Nova, Brazil, in partnership with SENAI-RN to train 75 young people in electromechanics over two years.

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  • Vestas has formed a strategic technology research partnership with the National Composites Centre and Bristol Composites Institute to advance wind blade technology and support the UK's clean energy goals.
  • Vestas signed a contract to supply and install seven Enventus V162-6.4 MW wind turbines and provide 18 years of maintenance for the Vento di Vino 2 project in Mazara del Vallo.
  • Vestas has signed a conditional agreement with Inch Cape Offshore Limited for the 1.1GW Inch Cape project in Scotland.

πŸ“ˆ Vestas Financials, Fundraising and Valuation News

  • Vestas released its financial report for the third quarter of 2024.
  • On November 5, Vestas reported a third-quarter operating profit of 235 million euros, missing the forecast of 352 million euros, causing its shares to drop 10%.
  • Swiss wealth manager LFG+ZEST has opened a short position on Vestas, which has experienced a 39% drop and is the fifth-worst performer on the FTSE Eurofirst 300 index this year.
  • Vestas' share price increased by 2.4% on October 16, 2024, after Chinese wind turbine manufacturers agreed to stop a price war.
  • Vestas' stock has dropped over 40% since the start of the year, reaching its lowest level in more than four years due to fears of Chinese competition, according to Nordnet investment economist Per Hansen.

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  • Vestas reported an all-time high wind turbine order backlog of nearly 28 GW and EUR 28.3 billion at the end of Q3 2024, with significant contributions from offshore wind projects.
  • Vestas is set to receive EU funding for a cable-stayed rotor design.
  • Vestas is expected to quadruple its free cash flow by 2026, driven by higher average selling prices and steady service revenue.

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