Vestas Wind Systems A/S engages in the design, manufacture, installation, and services of wind turbines the United States, the United Kingdom, Denmark, and internationally. The company operates in two segments, Power Solutions and Service. The Power Solutions segment offers onshore and offshore wind power plants, wind turbines, development sites, etc. The Service segment engages in the sale of service contracts, spare parts, and related activities. The company was founded in 1898 and is headquartered in Aarhus, Denmark.

Vestas Wind Systems A/S

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Vestas 11th Hour Racing

Vestas is the energy industry’s global partner on sustainable energy solutions. We design, manufacture, install, and service wind turbines across the globe, and with +154 GW of wind turbines in 87 countries, we have installed more wind power than anyone else.

Through our industry-leading smart data capabilities and +132 GW of wind turbines under service, we use data to interpret, forecast, and exploit wind resources and deliver best-in-class wind power solutions. Together with our customers, Vestas’ more than 29,000 employees are bringing the world sustainable energy solutions to power a bright future.

European Investment Bank

Vestas

Transforming our sustainability strategy to action. That’s what our sustainability rankings highlight, and that’s why we’re proud of:

◾  Our continued inclusion in the Dow Jones Sustainability World Index (#DJSI) and CDP’s Climate Change Leadership band (#CDP), highlighting our progress within environmental, social and governance responsibility.

◾  Being named best performing wind turbine manufacturer in the 2023 Renewable Energy & Human Rights Benchmark, evidencing our commitment to integrating human rights into the way we do business.

As the world’s largest wind turbine manufacturer and service provider, we play a fundamental role in transforming the global energy system to be powered by renewable energy. However, it is paramount that we ensure this transformation happens in a sustainable way. 

“Together with our strategic partners, we’re committed to sustainability and the global energy transition. Our recent recognitions confirm that we are on the right track to lead this transition. I am pleased to see our progress so far, and I look forward to advancing driving our sustainability commitments and priority projects”, says Lisa Ekstrand, Vice President, and Head of Sustainability at Vestas.

Gain more insights on how we’re delivering on our ambitious sustainability strategy. Read our recently launched Sustainability Report: https://brnw.ch/21wH229

#Sustainability #HumanRights



In 2023, we maintained our leading position in wind power with 177 GW of total installed power capacity. We also returned to profitability, driven by strong progress in Manufacturing & Construction. 

To build operational readiness, in 2023 we: 
◾ Advanced on offshore wind by laying the foundation stone at our nacelle and hub factory in Poland and announcing our intention to build a second blades factory in the country.
◾ Announced a $40 million investment in the USA to manufacture the V163-4.5 MW onshore turbine, strengthening our established Colorado onshore manufacturing footprint. 
◾ Achieved 25% material efficiency improvements in 2023 due to continuous improvement in our factories' recycling processes.
◾ Avoided landfilling 250 blades by repairing and reintroducing them into the supply chain and recycled 188 blades through blade shredding and material reuse.

All these developments illustrate how we spur economic growth, create even more green jobs, and increase energy security - while still infusing sustainability across our efforts.  

We are proud to continue supporting global climate goals by leading the expansion of wind energy. Read more about our performance: https://brnw.ch/21wGZCW and https://brnw.ch/21wGZCV

Rendering image: Courtesy of Vestas Wind Systems A/S. The 3D rendering is a preliminary image that may differ from the final appearance of the facility. 


Solid growth and profitability for Vestas in 2023. That's what Service helped push forward, with an ongoing focus on efficiency and scalability.
 
Key highlights from last year include:
◾ 152 GW across more than 50,000 turbines under Service
◾ 15,000 colleagues across 77 countries
◾ Record high Service backlog of EUR 34.1 bn
◾ Progress on decarbonising our Service fleet by pioneering the first CTV powered by 100% bio-methanol and transitioning to electric vehicles
 
We're proud to solidify our position as the largest Service business in the industry, providing resilience and stability in a constantly evolving environment.

Going forward, we remain focused on delivering our promises to our customers and strengthening the global energy system.
 
Read more:  https://brnw.ch/21wGXDH and https://brnw.ch/21wGXDF

Our people define Vestas as a company, and we strive to be the employer of choice in the renewables industry.  In 2023, we focused on different initiatives to attract, develop, and retain the best talent. Highlights include:

◾ An all-time high of 15,000 applications for our Global Graduate Programme  
◾ Mandatory Inclusive Leadership Training for all our people managers marking progress in our Diversity, Equity, Inclusion and Belonging journey
◾ Continued strategic focus on talent mobility and succession plans 

With this, we ensure future-proofing Vestas.

Read more in our annual report 2023: https://brnw.ch/21wGVlM

Partnerships allow us to unlock value, distribute risks, collaborate better and scale faster. In 2023, it has served as a catalyst toward our return to profitability and helped us progress within sustainability. 

Examples include: 
◾ 18.4 GW record breaking order intake
◾ Two giga project partnerships with trusted long-term customers in Brazil and the USA
◾ Strategic sustainability partnerships to drive offerings such as circular blades and low-emission steel forward 

We look forward to a continued focus on partnerships, and together, paving the way for a sustainable energy industry and planet.

Read more about our performance in 2023: https://brnw.ch/21wGTPT and https://brnw.ch/21wGMxt

COM:VESTAS

Vestas Wind Systems A/S

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