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|Type||Public (OMX: VWS)|
|Key people||Ditlev Engel (President and CEO), Bent Erik Carlsen (Chairman of the board)|
|Industry||Wind power industry|
|Revenue||€4.861 billion (2007)|
|Operating income||▲ €443 million (2007)|
|Profit||▲ €291 million (2007)|
|Employees||15,305 (end 2007)|
Vestas, or Vestas Wind Systems, is the largest wind turbine manufacturer in the world with a 28% market share. The company operates plants in Denmark, Germany, India, Italy, Britain, Spain, Sweden, Norway, Australia and China, and employs more than 20,000 people globally.
After a sales slump in 2005, Vestas recovered and was voted Top Green Company of 2006. In December, 2008, Vestas announced a major expansion of its North American headquarters in Portland, Oregon. In late 2008 the company also announced a manufacturing expansion in Colorado.
Vestas is a Danish company that designs, manufactures, sells, erects and services wind turbines. Vestas was founded in 1945 by Peder Hansen as "Vestjysk Stålteknik A/S" (West-Jutlandish steel technology), as manufacturer of household appliances. The company progressed to the manufacture of agricultural equipment in 1950, intercoolers in 1956, hydraulic cranes in 1968, and began the manufacture of wind turbines in 1979.
In 2003, the company merged with the Danish wind turbine manufacturer NEG Micon to create the largest wind turbine manufacturer in the world under the name Vestas Wind Systems. After an operational loss in 2005, Vestas recovered in 2006, and continues to have 28% market share.
Vestas has installed over 33,500 wind turbines in 63 countries on five continents. The company employs more than 20,000 people globally, and has built production facilities in more than 12 countries. It is currently expanding and opening up new production facilities in China, Spain and USA. Vestas announced expansion of its North American headquarters in Portland, Oregon from 350 to at least 1200 employees on December 1, 2008. It further employs 200 persons at a blade manufacturing facility in Windsor, Colorado and plans to add 1350 jobs at a new blade and nacelle assembly facility under construction near Brighton, Colorado.
Some of the more recent wind turbine models made by Vestas are listed below. The rotor length (in meters) follows the V.
 See also
- List of wind turbine manufacturers
- Renewable energy industry
- Wind power
- Wind power in Denmark
- Renewable energy companies on the stock exchange
- Gamesa Corporación Tecnológica
- ^ a b c d "Annual Report 2007". Vestas. http://www.vestas.com/files//Filer/EN/Investor/Financial_reports/2007/2007_-_AR_-_UK.pdf. Retrieved on 2008-05-07.
- ^ a b c d Goska Romanowicz (21 March 2007). "Profits soar for top wind turbine maker". Environmental Data Interactive Exchange. Faversham House Group Ltd. http://www.edie.net/news/news_story.asp?id=12798&channel=0. Retrieved on 2009-01-22.
- ^ a b Vestas History
- ^ Portfolio 21: Vestas Wind Systems Top Green Company of 2006
- ^ a b "Wind-Power Co. Plans To Expand In Portland". KPTV. 2008-12-01. http://www.kptv.com/money/18180440/detail.html. Retrieved on 2008-12-01.
- ^ a b "Wind Turbine Maker Vestas To Add 1,350 Colorado Jobs". KCNC. 2008-08-16. http://cbs4denver.com/seenon/vestas.colorado.wind.2.796234.html. Retrieved on 2009-02-11.
- ^ Vestas history: 1898-1969
- ^ a b Wind as a modern energy source: the Vestas view
- ^ We face the challenge Vestas films
 External links
|Wikimedia Commons has media related to: Vestas Wind Systems|
- Vestas aircoil website
- Work on wind turbine plant begins
- Portfolio 21: Vestas Wind Systems Top Green Company of 2006
- Largest wind turbine firm dedicates U.S. plant
- Vestas plans two plants, 1,350 jobs
- Vestas Receives Turbine Orders from Spain, Turkey, China and Italy