Vestas

Vestas is a Denmark-based designer, manufacturer and installer of wind turbines and related products for the energy industry. Read more

Henrik Andersen's photo - President & CEO of Vestas

President & CEO

Henrik Andersen

CEO Approval Rating

93/100

Founded:

1898

Status:

PublicIndependent CompanyPAVWS

VESTAS TOP COMPETITORS OR ALTERNATIVES

RANK

COMPANY

CEO

CEO RATING

EMPLOYEES

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Nordex is Vestas's top competitor. Nordex is headquartered in Hamburg, Hamburg, and was founded in 1985. Like Vestas, Nordex also operates in the Renewable Energy Equipment & Services field. Nordex generates 31% the revenue of Vestas.

Siemens Gamesa is seen as one of Vestas's top competitors. Siemens Gamesa's headquarters is in Zamudio, Vizcaya, and was founded in 1976. Like Vestas, Siemens Gamesa also works within the Multi-Utilities industry. Siemens Gamesa generates 66% of Vestas's revenue.

ENERCON has been one of Vestas's top competitors. ENERCON was founded in 1984, and its headquarters is in Aurich, Lower Saxony. Like Vestas, ENERCON also works within the Renewable Energy Equipment & Services field. ENERCON has 9,378 fewer employees than Vestas.

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Vestas Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$18B

Vestas's revenue is the ranked 2nd among it's top 10 competitors. The top 10 competitors average 8.4B. Over the last four quarters, Vestas's revenue has decreased by 42.2%. Specifically, in Q1 2021's revenue was $2.3B; in Q4 2020, it was $6.2B; in Q3 2020, it was $5.6B; in Q2 2020, Vestas's revenue was $4B.

Vestas Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
Utopus Insights

Feb 2018

Source »
$100M
-
Availon Gmbh

Jan 2016

Source »
$95.8M
Availon provides maintenance, optimization and upgradation services to the wind turbines.

These are all the companies that Vestas has acquired. Vestas has acquired 2 companies and its latest acquisition was Utopus Insights in Feb 2018.

Vestas Funding History

Since Vestas was founded in 1898, it has participated in 1 round of funding. In total Vestas has raised $2.4B. Vestas' funding round was on Apr 2021 for a total of $2.4B

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Post-IPO Debt
Apr 2021
$2.4B

HSBC Continental Europe SA

Since Vestas was founded in 1898, it has participated in 1 round of funding. In total Vestas has raised $2.4B. Vestas' funding round was on Apr 2021 for a total of $2.4B

Vestas Investments

COMPANY

DESCRIPTION

AMOUNT

INVESTMENT DATE

ROUND

EXIT DATE

Modvion is a Gothenburg-based designer and manufacturer of modular wind power towers.
-
Feb 17, 2021
Venture Round
-
Copenhagen Infrastructure Partners focuses on fund management programs in infrastructure and renewable energy sectors.
$220.3M
Dec 17, 2020
Investment Fund
-
SOWITEC is a consulting firm that offers project management, site selection, design review and advisory services for renewable energy projects.
-
Apr 10, 2019
Equity
-

These are all the companies that Vestas has invested in. Vestas has invested 2 companies and its latest investment was Utopus Insights in Feb 2018.

Vestas News

June 18, 2021Gulf Oil and Gas

Vestas Secures 46 MW Order in South Korea

Vestas has received a 46 MW order from Yeongwol Eco Wind Co., Ltd. for the Yeongwol Eco Wind Project ... See more »
June 17, 2021Power Technology

Vestas secures turbine supply contract for Ukraine wind project

Denmark-based wind turbine manufacturer Vestas has secured a contract from DTEK Renewables to supply ... See more »
June 11, 2021Fii News

Vestas secures 101-MW extended wind project order in India

Vestas participate in the sustainable growth of the Indian wind market Denmark-headquartered Vestas h... See more »
June 11, 2021Re News

Vestas seals 101MW extension deal in India

Vestas seals 101MW extension deal in India... See more »
June 11, 2021Re News

Vestas confirms 108MW Polish order

Vestas confirms 108MW Polish order... See more »

Vestas Blogs

June 10, 2015VESTAS BLOG

What a comeback

May 20, 2015VESTAS BLOG

Blue is back

May 6, 2015VESTAS BLOG

Team dynamics

April 14, 2015VESTAS BLOG

State of play

March 30, 2015VESTAS BLOG

Ambitious undertakings

March 24, 2015VESTAS BLOG

A special delivery

March 18, 2015VESTAS BLOG

All hands on deck

Vestas Press Releases

March 31, 2021Cision

Vestas signs 102 MW order including EnVentus turbines in Greece

News release from Vestas Mediterranean Madrid, 31 March 2021 Rokas Renewables, a subsidiary of... See more »
March 25, 2021Cision

Vestas seals largest EnVentus order to date in Germany

News release from Vestas Northern and Central Europe Hamburg, 25 March 2021 Vestas has... See more »
February 22, 2021Oil and Gas Press

Vestas invests in wood technology start-up Modvion

Vestas Ventures, the global leader in sustainable energy solutions, has invested in Swedish wood tech... See more »
December 31, 2020Cision

Share capital and total number of voting rights ultimo December 2020

Vestas Wind Systems A/S, Aarhus, 31 December 2020 Company announcement No. 46/2020 Share... See more »
December 18, 2020Cision

Vestas to acquire a 25 percent stake in Copenhagen Infrastructure Partners P/S

Vestas Wind Systems A/S, Aarhus, 18 December 2020 Company announcement no. 45/2020... See more »
November 27, 2020Cision

Agreement to acquire offshore business in joint venture approved by competition authorities

Vestas Wind Systems A/S, Aarhus, 27 November 2020 Company announcement no. 42/2020... See more »
November 25, 2020Cision

Major shareholder announcement - Socit Gnrale S.A.'s holding as at 23 November 2020

Vestas Wind Systems A/S, Aarhus, 25 November 2020 Company announcement No. 41/2020 Major... See more »

Vestas Videos

Social Media

Vestas Headquarters

Hedeager 42

Aarhus, Central JutlandN-8200

45-97-30-00-00

Driving Directions »

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Vestas Summary

ABOUT

Overview

Vestas is a Denmark-based designer, manufacturer and installer of wind turbines and related products for the energy industry. Vestas was founded in 1898. Vestas' headquarters is located in Aarhus, Central Jutland, DK N-8200. It has raised 2.4B in 1 ro...

CEO

Vestas's President & CEO, Henrik Andersen, currently has an approval rating of 93%. Vestas's primary competitors are Nordex, Siemens Gamesa & ENERCON.

Website

vestas.com

Frequently Asked Questions about Vestas

  1. When was Vestas founded?

    Vestas was founded in 1898
  2. Who is Vestas's CEO?

    Vestas's CEO is Henrik Andersen
  3. How much revenue does Vestas generate?

    Vestas generates $18B in revenue
  4. How much funding does Vestas have?

    Vestas has historically raised $2.4B in funding
  5. Where is Vestas's headquarters?

    Vestas's headquarters is in Aarhus Central Jutland, DK
  1. How many employees does Vestas have?

    Vestas has 29,378 employees
  2. What sector does Vestas operate in?

    Vestas is in Multi-Utilities, Renewable Energy Equipment & Services
  3. Who are Vestas's competitors?

    Vestas's top competitors are Nordex, Siemens Gamesa, ENERCON
  4. Who has Vestas invested in?

    Vestas's has invested in companies such as Modvion, Copenhagen Infrastructure Partners, SOWITEC