Vestas

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Vestas Wind Systems A/S
Type Public (OMXVWS)
Founded 1945
Founder(s) Peder Hansen
Headquarters Randers, Denmark
Key people Ditlev Engel (President and CEO), Bent Erik Carlsen (Chairman of the board)
Industry Wind power industry
Products Wind turbines
Revenue 4.861 billion (2007)[1]
Operating income €443 million (2007)[1]
Profit €291 million (2007)[1]
Employees 15,305 (end 2007)[1]
Website http://www.vestas.com/
Vestas V47-660kW wind turbine at the American Wind Power Center in Lubbock, Texas

Vestas, or Vestas Wind Systems, is the largest wind turbine manufacturer in the world with a 28% market share.[2] The company operates plants in Denmark, Germany, India, Italy, Britain, Spain, Sweden, Norway, Australia and China,[2] and employs more than 20,000 people globally.[3]

After a sales slump in 2005,[2] Vestas recovered and was voted Top Green Company of 2006.[4] In December, 2008, Vestas announced a major expansion of its North American headquarters in Portland, Oregon.[5] In late 2008 the company also announced a manufacturing expansion in Colorado.[6]

Contents

[edit] History

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.[7]

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.[2]

[edit] Operations

Vestas has installed over 33,500 wind turbines in 63 countries on five continents.[8] The company employs more than 20,000 people globally,[3] 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.[8] Vestas announced expansion of its North American headquarters in Portland, Oregon from 350 to at least 1200 employees on December 1, 2008.[5] 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.[6]

[edit] Products

Some of the more recent wind turbine models made by Vestas are listed below.[9] The rotor length (in meters) follows the V.

[edit] See also

[edit] References

[edit] External links

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