Vestas Wind Systems: Global Wind Energy Leadership and Innovation
Vestas Wind Systems stands as a global leader in wind turbine manufacturing and sustainable energy solutions, with a legacy defined by innovation, reliability, and a strong commitment to the energy transition. Headquartered in Aarhus, Denmark, Vestas has played a foundational role in shaping the modern wind industry and remains at the forefront of both onshore and offshore wind markets.
Vestas is the world’s largest wind turbine supplier outside China, maintaining its position as the top Western OEM for six consecutive years, with over 10 GW installed in 2023 alone. Globally, Vestas connected 11.5 GW last year, trailing only two Chinese manufacturers in total installations but leading in markets outside China.
The company’s turbines operate in over 80 countries, and Vestas has a particularly strong presence in North America, with more than 49,000 MW installed and 43,000 MW under service in the U.S. and Canada.
Vestas employs over 5,000 people in North America and supports local economies through significant investments in manufacturing and supply chains, including two factories in Colorado and a major operational base in Portland, Oregon.
Vestas offers a comprehensive range of wind turbines for both onshore and offshore applications, along with advanced service solutions such as data-driven consultancy, fleet optimization, and predictive maintenance.
The company is known for its technological leadership, having pioneered major advancements in turbine efficiency, reliability, and digital integration. Vestas’ ongoing R&D ensures its products remain competitive and adaptable to evolving market needs.
Recent strategic moves include repurposing manufacturing facilities in the UK to support growing demand for onshore wind, demonstrating agility in response to market shifts and policy changes.
Vestas reported revenues of EUR 17.3 billion in 2024, with a record-high order backlog valued at EUR 68.4 billion, reflecting robust demand and strong execution despite industry headwinds.
The company’s focus on value over volume, operational efficiency, and expanding its service business has contributed to improved profitability, with an EBIT margin of 4.3% in 2024.
Vestas continues to return value to shareholders through dividends and share buybacks, underlining its financial stability and long-term confidence.
Vestas’ mission is to lead the transition to a sustainable energy system, having already prevented significant CO₂ emissions through its global fleet.
The company’s solutions are integral to decarbonizing energy systems worldwide, supporting national and regional goals for clean, reliable, and affordable power.
Vestas’ leadership is further underscored by its extensive experience, geographic diversification, and commitment to innovation, positioning it to dominate Western wind markets with a projected 34% share of installations outside China through 2034.
Vestas Wind Systems exemplifies global leadership in wind energy through its scale, technological innovation, and unwavering commitment to sustainability. Its strong financial performance, market adaptability, and proven track record make Vestas a cornerstone of the renewable energy transition worldwide.