Wind turbines
This part designs, makes, and installs wind turbines and related systems for wind farms, including the equipment needed to turn wind into electricity.
Customers and revenue model
Vestas Wind Systems A/S
XMUN:VWSB
Vestas Wind Systems A/S
XMUN:VWSB
Price:
27.08
EUR
-1.56%
Market Closed
Market Cap:
€27.3B
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Company Overview
Business Description
- Sector
- Industrials
- Industry
- Electrical Equipment
- Headquarters
- Denmark DK
- Employees
- 36 808
- IPO date
- Apr 29, 1998
Vestas Wind Systems A/S makes wind turbines and the hardware and software around them. The company designs, manufactures, installs, and maintains turbines for onshore and offshore wind farms, so its products turn wind into electricity for utilities, power producers, and large energy buyers.
Vestas sells complete turbine systems, plus long-term service contracts that keep those turbines running after installation. That service business matters because wind farms need regular maintenance, repairs, parts, and monitoring over many years, which gives Vestas recurring revenue beyond the original equipment sale.
What makes Vestas different is its role in the wind power supply chain. It is not an electric utility that sells power to homes; it is the industrial company that helps other customers build and operate wind generation assets. Its business depends on project development cycles, equipment delivery, and dependable upkeep, which makes it a key partner for customers shifting toward renewable electricity.
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