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  "slug": "vestas-wind-systems",
  "name": "VESTAS WIND SYSTEMS",
  "updatedAt": "2026-03-19T18:57:22.601901Z",
  "sections": [
    {
      "type": "OVERVIEW",
      "text": "Vestas Wind Systems is a wind energy company focused on the development of onshore and offshore wind power solutions and the long-term servicing of wind turbines. Its activities span the wind project lifecycle, including siting, manufacturing, construction, installation, commissioning, and service, and its service business also maintains third-party turbines in addition to Vestas equipment [P-4e6190a8a3d54b58b54d5f3994970287][P-1b329e42df0d45e0a9fe147fda0bbe75][P-21e6b61517f540a580857235bf279b2f]. The company describes its mission as leading “the transition towards a world powered by sustainable energy” [P-89cd429c1abf4c2f807a67e2d739a4bb].\n\nThe company has a broad international footprint, operating with offices in 30 countries across five regions, and it describes itself as the global leader in wind power with 189 GW of installed capacity [P-6d6ce3a7426a4c6183cfd370f9593173][P-a813040acbca4276b5a94c4e74dd5c0c]. Vestas generated about EUR 17.3 billion of revenue in 2024 and employed more than 35,000 people, underscoring its scale as one of the largest participants in the global wind industry [P-1eb88091828d4f6a9068822fbe88141b][P-44319289b0534f7ca84c8892432759f9].\n[P-4e6190a8a3d54b58b54d5f3994970287][P-1b329e42df0d45e0a9fe147fda0bbe75][P-21e6b61517f540a580857235bf279b2f][P-89cd429c1abf4c2f807a67e2d739a4bb][P-6d6ce3a7426a4c6183cfd370f9593173][P-a813040acbca4276b5a94c4e74dd5c0c][P-1eb88091828d4f6a9068822fbe88141b][P-44319289b0534f7ca84c8892432759f9]",
      "updatedAt": "2026-03-19T18:57:22.601901Z"
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    {
      "type": "PRODUCTS",
      "text": "Vestas Wind Systems’ product lineup centers on utility-scale wind turbines for onshore and offshore wind projects. In onshore wind, its EnVentus platform includes models such as the V162-6.2 MW, a 6.2 MW turbine with a 162-metre rotor designed for low- to medium-wind sites, and the V172-7.2 MW, a 7.2 MW turbine with a 172-metre rotor for low- to medium-wind conditions and flexible ratings.[https://www.vestas.com/en/energy-solutions/onshore-wind-turbines/enventus-platform/v162-6-2-mw][https://www.vestas.com/en/energy-solutions/onshore-wind-turbines/enventus-platform/V172-7-2-MW] Vestas also sells turbines from its 4 MW platform, including the V117-4.2 MW, which is designed for medium- to high-wind speeds, can be configured up to 4.2 MW in Power Optimised Mode or down to 3.6 MW in Load Optimised Mode, and is offered with low-temperature operation down to -30°C.[https://www.vestas.com/en/energy-solutions/onshore-wind-turbines/4-mw-platform/V117-4-2-MW]\n\nIn offshore wind, Vestas’ flagship product is the V236-15.0 MW turbine, a 15 MW model with a 236-metre rotor intended for offshore environments.[https://www.vestas.com/en/energy-solutions/offshore-wind-turbines/V236-15MW] Vestas has stated that the V236-15.0 MW platform can produce about 80 GWh per year, and has also described it as capable of capacity factors above 60%.[https://www.vestas.com/en/media/company-news/2021/vestas-to-install-v236-15-0-mw-prototype-turbine-at-ost-c3433411][https://www.video.vestas.com/video/67013421/introducing-the-v236-150-mw] Beyond turbine supply, Vestas’ offering also includes project execution activities tied to its turbine platforms, including manufacturing, construction, installation, and final commissioning for onshore and offshore projects.[P-4e6190a8a3d54b58b54d5f3994970287][P-1b329e42df0d45e0a9fe147fda0bbe75]\n\nIts service portfolio covers lifetime management of wind assets through maintenance packages, digital services, fleet optimisation, and centralized monitoring tools such as the SaaS-based Scipher.Vx platform.[https://www.vestas.com/en/energy-solutions/service][https://www.vestas.com/en/energy-solutions/service/maintenance][https://www.vestas.com/en/energy-solutions/service/digital-services][https://www.vestas.com/en/energy-solutions/service/fleet-optimisation][https://www.vestas.com/en/energy-solutions/service/digital-services/scipher/scipher-vx-] Vestas also markets power-performance optimisation services; its published materials say related algorithms can improve annual energy production by up to 1.5%.[https://www.vestas.com/content/dam/vestas-com/global/en/brochures/product-improvements/Power_Performance_Optimisation_.pdf.coredownload.inline.pdf] The service business is largely based on long-term subscription-style contracts, with about 155 GW under service.[P-3de4c9315d494beba695041c6c6a3349] In 2024, Power Solutions generated EUR 13.6 billion of revenue and Service generated EUR 3.7 billion, implying an approximate revenue mix of 79% Power Solutions and 21% Service.[P-bbcaf7f4ce764933a13dce389bbd70e8]\n[P-4e6190a8a3d54b58b54d5f3994970287][P-1b329e42df0d45e0a9fe147fda0bbe75][P-3de4c9315d494beba695041c6c6a3349][P-bbcaf7f4ce764933a13dce389bbd70e8][https://www.vestas.com/en/energy-solutions/onshore-wind-turbines/enventus-platform/v162-6-2-mw][https://www.vestas.com/en/energy-solutions/onshore-wind-turbines/enventus-platform/V172-7-2-MW][https://www.vestas.com/en/energy-solutions/onshore-wind-turbines/4-mw-platform/V117-4-2-MW][https://www.vestas.com/en/energy-solutions/offshore-wind-turbines/V236-15MW][https://www.vestas.com/en/media/company-news/2021/vestas-to-install-v236-15-0-mw-prototype-turbine-at-ost-c3433411][https://www.video.vestas.com/video/67013421/introducing-the-v236-150-mw][https://www.vestas.com/en/energy-solutions/service][https://www.vestas.com/en/energy-solutions/service/maintenance][https://www.vestas.com/en/energy-solutions/service/digital-services][https://www.vestas.com/en/energy-solutions/service/fleet-optimisation][https://www.vestas.com/en/energy-solutions/service/digital-services/scipher/scipher-vx-][https://www.vestas.com/content/dam/vestas-com/global/en/brochures/product-improvements/Power_Performance_Optimisation_.pdf.coredownload.inline.pdf]",
      "updatedAt": "2026-03-19T18:57:22.601901Z"
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    {
      "type": "GEOGRAPHY",
      "text": "Vestas Wind Systems is headquartered in Aarhus N, Denmark. Its sales are geographically led by EMEA, which generated EUR 8,053m of 2024 revenue, or 46% of the total, followed by the Americas at EUR 6,704m, or 39%, and Asia Pacific at EUR 2,538m, or 15%. [P-02166b515ca44a43b50d3f63925f17c2][P-531224b3b8724a2aaa2fa1d062002f83][T-990fb719d02849b686bb687e825b03e4][P-04e034054813483e8b0401503ce44903]\n\nThe company’s workforce is also weighted toward EMEA: at end-2024 it reported 35,100 FTEs globally, including 20,689 in EMEA, 7,646 in the Americas, and 6,765 in Asia Pacific; total headcount was 35,206. Its largest employee countries were Denmark, the US, India, Germany, and Spain. [T-3e10b2d2cfb64c869ca59a63905f1766][T-7e4060a817ef4eb296cb37acdd909ff4][P-55749f35f64640edaf8b140f1d47a207][T-0b891c54ba014f72b70e41e285f7726e]\n\nVestas’ service organization alone employs around 16,000 people across 67 countries, indicating a broad installed-base and maintenance footprint. Its manufacturing footprint includes offshore nacelle production in Lindø, Denmark, a newer nacelle and assembly factory in Poland, and key blade production sites in Nakskov, Denmark and Taranto, Italy. [P-340645222e754cf1abe7c403ab29434d][P-e8681553768f4c31ae8edde3af172ea4][P-a16c799912dd43c69a6f53bdd49f17ec][P-e7689a549cff495b828ad69b814f6fff]\n[P-02166b515ca44a43b50d3f63925f17c2][P-531224b3b8724a2aaa2fa1d062002f83][T-990fb719d02849b686bb687e825b03e4][P-04e034054813483e8b0401503ce44903][T-3e10b2d2cfb64c869ca59a63905f1766][T-7e4060a817ef4eb296cb37acdd909ff4][P-55749f35f64640edaf8b140f1d47a207][T-0b891c54ba014f72b70e41e285f7726e][P-340645222e754cf1abe7c403ab29434d][P-e8681553768f4c31ae8edde3af172ea4][P-a16c799912dd43c69a6f53bdd49f17ec][P-e7689a549cff495b828ad69b814f6fff]",
      "updatedAt": "2026-03-19T18:57:22.601901Z"
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    {
      "type": "SEGMENTS",
      "text": "Vestas Wind Systems’ official reportable segments are Power Solutions and Service. Power Solutions comprises revenue from Supply-only, Supply-and-installation, and EPC contracts, while Service comprises contracts for servicing turbines manufactured by Vestas and third parties; spare-parts sales are also reported in Service. In the segment note, Vestas states that Power Solutions covers Onshore, Offshore, and Development activities. [P-02ffe46d54564a1bb062ff5c45d1a9ac][P-21e6b61517f540a580857235bf279b2f][P-d4de54c5bde34bc59473111d06c4017d][P-37675752a0af41f19f0d7c844c13e8db]\n\nBy revenue, Power Solutions is the clear majority segment: in 2024 it generated EUR 13,598m, about 78.6% of group revenue, versus EUR 3,697m for Service, about 21.4%. In 2023, Power Solutions accounted for about 76.8% of revenue and Service for about 23.2%, indicating a broadly similar mix across the last two years. [P-19a4735f9a1741ad903202bfdd779156][P-be0978e6f7f14f36a13af33bd48c59ed][P-d822457da10a4ad5ba43daff4b8a973f]\n\nAlongside the formal segment reporting, Vestas also describes its business model through four business areas: Onshore, Offshore, Service, and Development. Onshore is focused on the onshore wind-turbine business and project execution; Offshore on offshore wind manufacturing and backlog execution; Service on operating and maintaining installed turbines, with more than 155 GW under service; and Development on originating and maturing projects from site identification and permitting through grid connection, site design, and offtake arrangements. These business areas are useful for understanding operations, but only Service is separately reported as a segment, while Onshore, Offshore, and Development sit within Power Solutions. [P-8490abab5d3d4647b76b7e102a2a2da6][P-cad86aa5cda049888211a4853359af8a][P-e64a63ff132242568c09f2a06c561447][P-358d6fe324124fc5b2772f155adc2177][P-0b3d62d2a70e460fa8a36a1fe0348e93][P-37675752a0af41f19f0d7c844c13e8db]\n[P-02ffe46d54564a1bb062ff5c45d1a9ac][P-21e6b61517f540a580857235bf279b2f][P-d4de54c5bde34bc59473111d06c4017d][P-37675752a0af41f19f0d7c844c13e8db][P-19a4735f9a1741ad903202bfdd779156][P-be0978e6f7f14f36a13af33bd48c59ed][P-d822457da10a4ad5ba43daff4b8a973f][P-8490abab5d3d4647b76b7e102a2a2da6][P-cad86aa5cda049888211a4853359af8a][P-e64a63ff132242568c09f2a06c561447][P-358d6fe324124fc5b2772f155adc2177][P-0b3d62d2a70e460fa8a36a1fe0348e93]",
      "updatedAt": "2026-03-19T18:57:22.601901Z"
    },
    {
      "type": "HISTORY",
      "text": "Vestas traces its origins to 1898, while the Vestas brand itself dates from the registration of Vestjysk Stålteknik A/S on 10 November 1945.[https://www.vestas.com/en/about/this-is-vestas/history][https://www.vestas.com/en/about/this-is-vestas/history/from-1898-1970][https://www.video.vestas.com/video/65133851/75-years-of-the-vestas-brand] The company entered wind energy with its first wind turbine installation in Denmark in 1979, and after a restructuring in 1987 it emerged as Vestas Wind Systems A/S with a focused wind-power business.[https://www.vestas.com/en/about/this-is-vestas/history/from-1971-1986][https://www.vestas.com/en/media/company-news/2019/vestas-becomes-the-first-company-to-install-100-gw-of-w-c2963243][https://www.vestas.com/en/about/this-is-vestas/history/from-1987-1998]\n\nA major step in its industrial development came in 2004, when Vestas completed the acquisition of NEG Micon, combining two major Danish wind turbine manufacturers.[https://www.vestas.com/en/about/this-is-vestas/history/from-1999-2004][https://www.gov.uk/cma-cases/vestas-wind-systems-a-s-neg-micon-a-s] Vestas later expanded its offshore presence through a joint venture with Mitsubishi Heavy Industries announced in 2013 and operational from 2014 as MHI Vestas Offshore Wind.[https://www.vestas.com/en/media/company-news/2013/vestas-and-mitsubishi-heavy-industries-form-a-joint-ven-c2964162][https://www.vestas.com/en/media/company-news/2014/mhi-vestas-offshore-wind-now-operational-c2964096] In 2020, Vestas bought Mitsubishi Heavy Industries’ stake in that venture, bringing the offshore business back under full ownership.[https://www.vestas.com/en/media/company-news/2020/vestas-to-acquire-offshore-business-in-joint-venture-c3227457][https://www.vestas.com/en/media/company-news/2020/vestas-and-mitsubishi-heavy-industries-close-partnershi-c3254048]\n[https://www.vestas.com/en/about/this-is-vestas/history][https://www.vestas.com/en/about/this-is-vestas/history/from-1898-1970][https://www.video.vestas.com/video/65133851/75-years-of-the-vestas-brand][https://www.vestas.com/en/about/this-is-vestas/history/from-1971-1986][https://www.vestas.com/en/media/company-news/2019/vestas-becomes-the-first-company-to-install-100-gw-of-w-c2963243][https://www.vestas.com/en/about/this-is-vestas/history/from-1987-1998][https://www.vestas.com/en/about/this-is-vestas/history/from-1999-2004][https://www.gov.uk/cma-cases/vestas-wind-systems-a-s-neg-micon-a-s][https://www.vestas.com/en/media/company-news/2013/vestas-and-mitsubishi-heavy-industries-form-a-joint-ven-c2964162][https://www.vestas.com/en/media/company-news/2014/mhi-vestas-offshore-wind-now-operational-c2964096][https://www.vestas.com/en/media/company-news/2020/vestas-to-acquire-offshore-business-in-joint-venture-c3227457][https://www.vestas.com/en/media/company-news/2020/vestas-and-mitsubishi-heavy-industries-close-partnershi-c3254048]",
      "updatedAt": "2026-03-19T18:57:22.601901Z"
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