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,...

Vestas logo

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, overseeing the Golden Plains windfarm project, faces criticism for using non-union contractors after a worker's death, prompting site closure and safety investigations.
  • Vestas is investigating the collapse of a V120-2.2 MW Mk11D turbine at the High Prairie Wind Farm in Missouri, marking the third incident at the site.
  • Vestas has completed the construction and started operation of all turbines at the La Elbita wind farm in Tandil, Argentina, led by Gabriel Busca from the Customer Project Execution team.
  • Vestas opened a new operation centre in Port Elizabeth to unify warehousing and operations and support growth in South Africa.
  • Vestas opened a new production line for large wind turbine blades in Taranto, creating 1,300 additional jobs with support from Invitalia.

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  • Vestas has inaugurated a new factory line in Italy for producing blades for its 15MW offshore wind turbine model.
  • Vestas will host a ServiceNow User Group event in Aarhus on November 19.
  • Vestas' Chennai Oragadam Nacelles factory won the Global VTO Manufacturing Process Excellence Award in 2024.

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

  • 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.
  • Vestas is hiring a Head of Regional Sales Quality for their APAC HQ, with Dr. Thomas Korzeniewski as the hiring manager.
  • Hanne S. Winkel has joined Vestas as Lead Finance Business Partner in Denmark, previously serving as Finance Business Partner at JN Data A/S.
  • 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 currently seeking a Logistics Strategy Manager in the United States.

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  • Robert Vetter has joined Vestas as Senior Director Procurement Powertrain in Denmark, previously serving as Senior Manager Purchasing Injection Moulding/Kinematics/Elastomer at DRΓ„XLMAIER Group.
  • Marcelo Madeira has joined Vestas as Director - Business Partner, Digital Solutions in Brazil, previously serving as Senior Manager, Global - IT Transformation, Portfolio, Business Partner at Avery Dennison.
  • 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 secured 194MW of firm orders for the Reinhardswald and Breunsdorf windparks in Germany, using their latest EnVentus platform technology.
  • Vestas secured a 203 MW order from Apex Clean Energy, Inc. in the USA with delivery in Q4 2025 and commissioning in Q1 2026.
  • Vestas signed a contract with Purus to enhance the German offshore wind sector.
  • Vestas secured a 50 MW order in Romania with Eolenerg Project SRL, involving 12 turbines and a 20-year service agreement, with delivery starting in Q3 2025 and commissioning in Q4 2025.
  • Collett & Sons Ltd completed the delivery of 90 wind turbine components for Vestas to Cushaling Wind Farm in Ireland.

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πŸ“ˆ Vestas Financials, Fundraising and Valuation News

  • Vestas' stock price has dropped from 312 kr on January 8, 2021, to 104 kr on November 15, 2024, according to Fabien BouglΓ©.
  • RBC cut Vestas' price target by 30% due to disappointing quarterly results and the US presidential election outcome.
  • Vestas CEO Henrik Andersen bought 10,000 shares for $154,500 after the company's stock slumped following Donald Trump's election win.
  • 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%.
  • Vestas will release its Q3 2024 Interim Financial Report on November 5, 2024, followed by a conference call with the CEO and CFO.

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  • Vestas has narrowed its 2024 outlook on group revenue and EBIT margin due to lower-than-expected profitability in the Service segment, with a second-quarter EBIT margin of negative 5.6% and revenue of EUR 3.3 billion.
  • Analysts expect Vestas to report a 14.75% increase in revenue compared to the same quarter last year.
  • Vestas is set to receive EU funding for a cable-stayed rotor design.

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