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 LinkedIn profile Vestas X profile Vestas Facebook profile Vestas Instagram profile
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†’

Monitor your competitors, key accounts, or your own company with RivalSense AI
Start a free trial

πŸ›οΈ Vestas Product and Pricing News

  • Campaigners have filed a lawsuit to stop Repsol's $500 million wind project in Wyoming, which plans to use Vestas turbines.
  • 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 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.

πŸ”“ Unlock more with RivalSense
  • Vestas received its first ship, Polar Rock, at its nacelle factory in Szczecin, marking a step forward in Poland's offshore wind energy development.
  • Vestas has updated its South Africa office address to Nicol Main Office Park, Building A1, 2 Bruton Road, Bryanston, Gauteng 2191.
  • Chandrasekaran Baskaran, Commodity Lead at Vestas, received the Most Simplicity Award for 2024.

πŸ‘” Vestas CEO, Management and Leadership Team

πŸ”“ Unlock more with RivalSense

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

πŸ”“ Unlock more with RivalSense

Monitor your competitors, key accounts, or your own company with RivalSense AI
Start a free trial

πŸ’Ό Vestas Hiring and Layoffs

  • 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.
  • Vestas is hiring a Legal Advisor in Employment Law to join their team in Aarhus, Denmark.
  • 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”“ Unlock more with RivalSense
  • Kendall Atcliffe has joined Vestas as Asia-Pacific Director, People & Culture in South Korea, previously working at Deloitte as a Human Capital Management Consultant.
  • Johanna Pasdeloup has left Vestas, where she served as Director, Head of Tax NCE in the Greater Hamburg Area, to join tesa as Head of Tax.
  • Bjarne Iver JΓΈrgensen has joined Vestas as Vice President - Head of Compliance and Reporting in Denmark, previously serving as Finance Consultant, Partner at Deloitte.

πŸ€– Vestas Developer, Integration and Automation News

  • 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.
  • 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.

πŸ”“ Unlock more with RivalSense
  • 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.
  • NHV Group will start operating H175 helicopter crew changes and hoisting for Vestas in the North Sea in March 2025.

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.
  • 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.

πŸ”“ Unlock more with RivalSense
  • 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 admits it will not meet its goal to reduce greenhouse gas emissions by 55% from 2019 to 2025, having only achieved a 5% reduction by 2023.
  • Vestas' North American development arm, Steelhead, has generated over $42 million in tax revenue from wind projects in Benton County since 2009, with $25 million benefiting local schools, according to former Benton County Commissioner Bryan Berry.

People also viewed