Vestas

Vestas

Design, manufacture, install, and service wind turbines across the globe. Learn more

Launch date
Employees
Company register number 10403782
Aarhus Central Denmark Region (HQ)
Corporate Venture Fund: Vestas Ventures

Financials

Estimates*

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Revenues, earnings & profits over time
EUR2016201720182019202020212022
Revenues-1.3b10.1b12.1b14.8b16.4b16.7b
% growth--664 %20 %22 %11 %2 %
EBITDA-220m1.4b1.6b1.4b1.9b2.2b
% EBITDA margin-17 %14 %13 %9 %12 %13 %
Profit-119m684m704m765m762m1.0b
% profit margin-9 %7 %6 %5 %5 %6 %
R&D budget198m225m325m372m---
R&D % of revenue-17 %3 %3 %---

Source: Dealroom estimates

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DateInvestorsAmountRound
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N/A

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*

AUD410k

Grant
*

€475m

Debt
Total Funding€241k

Recent News about Vestas

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More about Vestasinfo icon
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Vestas operates as a global leader in the renewable energy sector, specializing in the design, installation, and maintenance of wind energy projects. Serving a diverse range of clients from utility companies to governments and private enterprises, Vestas focuses on transforming renewable energy visions into reality. The company operates in the global renewable energy market, with a significant presence in Sales, Manufacturing, and Research & Development across multiple countries. Vestas' business model revolves around providing comprehensive wind energy solutions, from project development to long-term maintenance, ensuring optimal performance and sustainability. Revenue is generated through the sale of wind turbines, service agreements, and maintenance contracts. With a dedicated workforce of 30,000 employees, Vestas aims to drive society-wide electrification and implement solutions for sectors where electrification is currently not feasible. The company has installed 177 GW of wind turbines in 88 countries, significantly contributing to the reduction of carbon emissions and promoting a sustainable energy system.

Keywords: wind energy, renewable energy, sustainable solutions, wind turbines, global leader, electrification, maintenance, project development, carbon reduction, utility companies.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.

Investments by Vestas

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UpWind Solutions
ACQUISITION by Vestas Dec 2015
Utopus Insights
ACQUISITION by Vestas Feb 2018
OCAS AS
ACQUISITION by Vestas Oct 2011
ST3 Offshore
ACQUISITION by Vestas Mar 2023