Vestas Wind Systems AS (OTCMKTS:VWDRY) is a global leader in the design, manufacture, installation and servicing of wind turbines, offering comprehensive solutions across the entire project lifecycle. The company develops onshore and offshore wind energy systems, providing tailor-made turbine configurations that optimize performance for a wide range of wind regimes and site conditions. In addition to turbine manufacturing, Vestas offers digital solutions for predictive maintenance, performance optimization, and asset management to help customers maximize energy output and minimize downtime.
Founded in 1945 and headquartered in Aarhus, Denmark, Vestas transitioned to wind turbine production in the late 1970s and has since become one of the world’s largest suppliers of wind energy technology. The company has driven innovation in turbine efficiency, introducing modular blade and tower designs that facilitate installation and reduce logistical costs. Under the leadership of President and CEO Henrik Andersen, who took the helm in 2019, Vestas has prioritized sustainability and circular economy principles, aiming to extend turbine life and improve recyclability of components.
Vestas operates in more than 80 countries, with manufacturing facilities and service centres strategically located to support projects across Europe, the Americas, Asia-Pacific, Africa and Australia. Its global service network monitors thousands of turbines via remote diagnostics and dispatches specialized technicians for on-site maintenance, blade inspection and retrofitting services. The company’s extensive after-sales support underpins long-term partnerships with utilities, independent power producers and corporate buyers seeking to meet renewable energy targets.
Committed to advancing wind energy adoption, Vestas invests in research and development to enhance turbine reliability and lower the levelized cost of energy. By collaborating with local communities, governments and industry stakeholders, the company helps drive the transition to a carbon-neutral energy system while fostering job creation and economic growth in regions hosting wind projects.
