Vestas

Targets ✅ Declarations ✅ Climate goals ✅ Wind farms ❌ Turning our ambitions into actual wind farms means rethinking offshore wind auctions. Current mechanisms add too much financial risk upfront, instead of focusing on promoting project realisation and value creation. 2024, particularly, is a pivotal year - with an unprecedented volume of offshore wind up for auction. If ever there was a time for action, it’s now. Later is too late. www.vestas.com/action

3.7 GW. That's our total announced firm order intake in Q3 2024. With 24 orders in 14 countries across six continents, we've had multiple highlights including: ◾ Lotus Creek, our first development project in Australia to reach financial close and construction readiness ◾ A firm offshore wind order for the Netherlands' OranjeWind wind farm ◾ Our largest onshore order to date in the Japanese market ◾ Our first firm offshore wind order in the US and many more. Several of our orders feature notable Service agreements, highlighting how we strive to maximise value for our customers. "A big thank you to our customers for their trust, and to my dedicated colleagues for securing these wins. These projects will play a key role in decarbonisation, job creation, and economic growth", said Javier Rodríguez Diez, our Chief Sales Officer See our order announcements from this quarter here: https://brnw.ch/21wNn82

We've signed a conditional offshore wind agreement for Scotland's 1.1 GW Inch Cape project. The agreement is with Inch Cape Offshore Limited, an equal joint venture between ESB and Red Rock Renewables. If the project becomes firm: ◼ We will supply, install, and commission 72 of our V236-15.0 MW wind turbines ◼ The scope of the service contract includes a long-term comprehensive service agreement followed by a tailor-made operational support agreement. Read more: https://lnkd.in/e9U6WEzu

Meet our dedicated HSE technician, Angela! Every day, Angela contributes to ensuring the highest health, safety, and environmental standards at every step of our service operations. Watch the video below to follow a day of her life all the way from the office to the top of a wind turbine.

Celebrating #WorldCleanupDay! We strive to embed sustainability into all our efforts. That includes raising awareness about waste prevention among our colleagues. Last year, our global team of 1,000+ people from more than 20 countries organised regional clean-up activities around World Cleanup Day. We’ll be there again this year! Our commitment to sustainability encompasses #circularity. We're proud to pioneer solutions such as our groundbreaking blade recycling technology - ending landfill for epoxy-infused turbine blades and marking progress on our journey to zero-waste turbines by 2040. In early 2024, we were awarded the prestigious JEC World Composite Innovation Award in the Renewable Energy category in collaboration with the CETEC project team (Teknologisk Institut, Olin, Aarhus University). We also look forward to continued collaboration with our strategic suppliers and delivering on our promise of sustainability in everything we do.

And the winner is...team Vestas! We've been awarded the EY and Dansk Erhverv Sustainability Award in the Value Chain category - recognising our leadership in driving sustainability and innovation within the wind energy sector. Thank you to the jury for this honour, and to our dedicated colleagues, supportive suppliers, and forward-thinking customers. Your commitment to sustainability and innovation makes a tangible difference. This recognition is a testament to: ◾ Our innovative solutions such as our low-emission steel offering, which enables substantial CO2e emissions reductions at turbine level, resulting in a 66% reduction per kilogram of steel compared to conventional steel production methods. ◾ Growing customer demand for more sustainable turbine solutions, and a willingness to invest in them, as demonstrated by our customers Baltic Power and Vattenfall ◾ Strong collaboration, with our value chain and suppliers such as ArcelorMittal and within Vestas. Together, we can shape our industry toward a sustainable future. Sign up to our sustainability newsletter and read more about low-emission steel here: https://brnw.ch/21wMOvU #EYSustainabilityAwards

The V236-15.0 MW™ had its first order in the U.S. recently for the Empire Wind 1 project in New York, U.S. – in total, 54 of our industry-leading, commercial-ready offshore turbines will be delivered to New York's offshore project. The V236-15-0 MW™, Vestas' flagship offshore wind turbine is built on proven, world-class technology. Since its launch, the turbine has secured more than 13 GW of firm orders and preferred supplier agreements globally, proving its competitiveness across offshore markets. We’re proud to pioneer solutions that contribute to building out new markets and accelerating the clean energy transition. Learn more: https://brnw.ch/21wMCqP

A stable secure and resilient energy system, powered by renewables. That’s what we need to build, despite a complex external market.  Delivering on this shared objective needs strong collaboration. That was the key focus of our annual Vestas Leadership Forum (VLF), attended by our senior leaders.  “Despite market uncertainty, we must continue accelerating the energy transition. Collaboration is critical, both within Vestas and across the global energy landscape. If we succeed here, we can ensure that the wind industry delivers on its full potential to advance decarbonisation, create jobs and increase energy security”, said CEO Henrik Andersen. This year's VLF featured insights from speakers like Markus Krebber (CEO, RWE), Robert Maersk Uggla (CEO, A.P. Moller Holding), Martin Lundstedt (CEO, Volvo Group), Christina Grumstrup Soerensen, Torsten Lodberg Smed (Senior Partners, Copenhagen Infrastructure Partners), Kevan Hall (author of ‘Making the Matrix Work’) and Anders Runevad (Chair of Vestas’ Board) Thank you to our guests for joining and sharing your perspectives.

Ramping up for serial production: our flagship offshore wind turbine, the V236-15.0 MW.   Here’s a glimpse inside our nacelles factory in Poland, where we're preparing to deliver our first commercial offshore wind projects: He Dreith and Baltic Power.   Since its launch, the V236-15.0 MW has been on an impressive journey: ◾ 2022: Prototype manufactured and installed ◾ 2023: Extensive testing and verification completed, leading to Type Certification   Now ready for commercial use, the turbine has secured around 13 GW in firm orders and preferred supplier agreements globally. Watch this video to explore how we're working to fulfil these commitments.

Powering New York! We've secured our first offshore order in the US with Equinor. Key order highlights include: ◾ 810 MW ◾ 54 of our flagship V236-15.0 MW offshore wind turbines ◾ A multi-year service agreement "Offshore wind is set to play a pivotal role in expanding America’s energy landscape. With today’s announcement, we are significantly closer to building out the long-term future of a robust U.S. offshore market and putting turbines in the water", says Josh Irwin, Senior Vice President Offshore Sales, Vestas North America. This is a huge milestone for New York and the U.S. offshore industry. We’re excited to deliver a proven, reliable product to help New York achieve its ambitious offshore wind energy goals and provide resilient wind energy to its communities. Read more: https://lnkd.in/dHsV5jdX