Vestas Wind Systems

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The first-ever European edition of the Fortune 500, ranking companies by revenue. 

F500 EUROPE 2023 VESTAS WIND SYSTEMS Wind turbine seen in Zlata Olesnice

Vestas Wind Systems ranks 244 with $15.2 billion in revenue (down 17.3%). The Denmark-headquartered energy company has 28,438 employees and made a loss of $1.7 billion (down 937.4%).

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CTW-2021-19-Vestas

In 1979, the Danish manufacturer sold and installed its first turbine. It has since grown into the world’s largest wind energy company by installed capacity, with substantial sales in the U.S., China, and Germany. In 2020, revenue rose for the third consecutive year, climbing 22% to €14.8 billion ($16.9 billion), though shipping delays and supply-chain snarls have pushed up costs amid the pandemic. Vestas has kept the momentum going with new technical advances, including announcing the largest-ever turbine and technology that allows its mammoth blades to be recycled.

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Vestas Wind Systems (VWDRY): Company Profile, Stock Price, News, Rankings

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Vestas Wind Systems | Fortune

Vestas Wind Systems (VWDRY): Company Profile, Stock Price, News, Rankings | Fortune

Eva Brendel

Bloomberg

European renewables slump on U.S. plans to tighten tax rules

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