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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

🛍️ 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 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.
  • Vestas is in line for a gigawatt-scale Scottish offshore wind farm.
  • Vestas updated their access process for ShopVestas by adding a new step to sign in and start purchasing.

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  • Javier Rodríguez Diez, Executive Vice President and Chief Sales Officer at Vestas, visited Australia to support the company's involvement in major wind projects and meet with customers and stakeholders.
  • Vestas, leading the construction of the Winterbourne wind farm in NSW, has adjusted the turbine layout and reduced the number of turbines.
  • On October 17, Vestas joined the Danish Energy and Sustainability Alliance in Chile to promote green transition and decarbonization.

👔 Vestas CEO, Management and Leadership Team

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⚔️ Vestas Alternatives and Competitors

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💼 Vestas Hiring and Layoffs

  • Marcelo Madeira has joined Vestas as Director - Business Partner, Digital Solutions in Brazil, previously serving as Program Manager, Global - IT Transformation, Portfolio, Business Partner for Data & Analytics at Avery Dennison.
  • Rodrigo Terc has joined Vestas as Sales Director & Chile Country Head in Chile.
  • Hanna Svae has left Vestas, where she served as Head of AI CoE in Denmark, to join Novo Nordisk as Product Director - Data Science.
  • Robert Vetter has joined Vestas as Senior Director Procurement Powertrain in Denmark, previously serving as Senior Manager Purchasing Injection Moulding/Kinematics/Elastomer at DRÄXLMAIER Group.
  • Sidsel Nørregaard has joined Vestas as Director, Head of Global Supply Chain Resilience in Denmark, previously serving as Snr. SC Development and E2E Planning Project Manager at Arla Foods.

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  • Jesper Lillesø has joined Vestas as Director (Sub Module Owner) Framework in Denmark, previously serving as CTO at Spillehallen.dk.
  • Vestas is currently hiring a Construction Manager - Customer Project Execution (CPX) in the United States.
  • Laure Sierak announced her new role as Team Leader Warehouses for France at Vestas.

🤖 Vestas Developer, Integration and Automation News

  • 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.
  • 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.
  • Vestas and LiftOff pioneered an on-site generator swap on a Floating Offshore Wind Turbine using GenHook Uptower Crane at Aberdeen Coast, Scotland.

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  • Vestas announced wind turbine orders for over 3.7GW of capacity in Q3 2024, including its first large offshore deal in the US.
  • Vestas, Topsoe, and Skovgaard Energy have produced 5,000 tons of green ammonia in Denmark.
  • Vestas supplied 50 turbines for the 476 MW Baltic Eagle offshore wind farm, which has completed installation.

📈 Vestas Financials, Fundraising and Valuation News

  • 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.
  • 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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