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 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.
  • Vestas will deliver wind turbines for Ukraine's largest wind energy project as of January 22, 2025.
  • Campaigners have filed a lawsuit to stop Repsol's $500 million wind project in Wyoming, which plans to use Vestas turbines.

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  • Vestas' North American arm, Steelhead, led the development of Mississippi's first wind project, the Delta project, featuring some of the tallest tip heights in North America.
  • Vestas' North Sea turbine field report offers valuable insights into the long-term performance and quality control in the aluminum recycling sector.
  • Vestas has patented a tower with a permanent crane system that eliminates the need for expensive jackup vessels during major maintenance operations.

πŸ‘” Vestas CEO, Management and Leadership Team

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βš”οΈ Vestas Alternatives and Competitors

  • Siemens Gamesa
    • |
  • Cadeler
    • |
  • 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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πŸ’Ό 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.
  • Vestas shares dropped over 9% after CFO Hans Martin Smith announced he will step down by the end of the year.
  • Vestas' CFO Hans Martin Smith will leave the company by the end of this year.
  • Paula Priest has joined Vestas as Director of Real Estate in the United States, previously holding a position at another company.

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  • Vestas is actively seeking a Regional Head of Health, Safety, and Environment to enhance safety culture and reduce risks across its NCE sites.
  • Kendall Atcliffe has joined Vestas as Asia-Pacific Director, People & Culture in South Korea, previously working at Deloitte as a Human Capital Management Consultant.
  • Dan Meng has joined Vestas as Director, People & Culture Business Partners in the United States, previously serving as Sr. Director, People Operations at Ursa Major.

πŸ€– Vestas Developer, Integration and Automation News

  • 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-WΓΌrttemberg AG.
  • Vestas partnered with Paragon Mobility to install Smappee EV wall charging stations in Langres.
  • 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.
  • Vestas is partnering with Rezolv Energy as the engineering, procurement, and construction partner for the Vifor Wind Project in Luciu.
  • Vestas secured a contract with NHV Helicopters for offshore wind operations in the North Sea using super medium aircraft.

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  • On February 13, 2025, 3P Logistics began transporting oversized wind turbine components for Vestas in Denmark, marking the start of a regular logistics operation.
  • Vestas is a key customer of CS Wind, a global leader in wind tower manufacturing.
  • In October 2024, Collett & Sons completed the delivery of 216 Vestas wind turbine components to the Limekiln Wind Farm in the Scottish Highlands.

πŸ“ˆ Vestas Financials, Fundraising and Valuation News

  • 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.
  • 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.

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  • In 2024, Vestas secured orders totaling 16,354 MW, significantly surpassing its German rival Nordex's 8,336 MW.
  • Vestas reported a 20% increase in renewable energy production using AI for climate change mitigation.
  • 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%.

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