Vestas

Vestas

Vestas Wind Systems A/S is a Danish manufacturer, seller, installer, and servicer of wind turbines. It is the largest in the world, but due to very rapid growth of its competitors its market share decreased from 28% in 2007 to 12.5% in 2009. The company operates manufacturing plants in Denmark, Germany, India, Italy, Romania, Britain, Spain, Sweden, Norway, Australia, China, and the United States, 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 late 2008 the company announced a manufacturing expansion in Colorado. In August 2010, Vestas also announced a significant expansion of its North American headquarters in Portland, Oregon. In October 2010, the company announced it was closing some of its factories in Scandinavia, with the loss of 3000 jobs.

As of 2011, Vestas wind turbines generate enough electricity to provide for 21 million people. In January 2011, Vestas won the $1.5m (£940,000) Zayed Future Energy Prize in Abu Dhabi.