Vestas Surpasses 200 Gigawatt Milestone, Reinforces Global Wind Power Leadership

Vestas Wind Systems has become the first wind turbine manufacturer worldwide to exceed 200 gigawatts (GW) of installed wind power capacity, underlining its dominant position in the global renewable energy market. Currently, Vestas has installed 201 GW, outpacing competitors like Goldwind with 163 GW and Siemens Gamesa at 148 GW. While Chinese producers focus growth domestically, Vestas maintains strong leadership internationally, particularly in the United States where it and GE Vernova account for 93% of new installations.

The company emphasizes larger onshore turbines with average capacities exceeding six megawatts to improve margins. Vestas’ financial health is robust, with a net liquidity of 435 million euros and an order backlog valued at over 76 billion euros. Projects such as a floating offshore wind farm in Scotland and an upcoming tender in Turkey signal continued expansion.

For 2026, Vestas forecasts revenues between 20 and 22 billion euros, with an operating margin of 6 to 8 percent. Confidence in their strategy is reflected by a 100 million euro share buyback program. Management will engage with investors next week in conferences held in London and North America to discuss outlook and operations.

This milestone comes amid a broader economic context marked by rising business pessimism in Germany’s financial hub, Frankfurt. A survey revealed that 31% of companies expect worsening conditions, with declining export prospects and muted hiring plans due to economic and geopolitical uncertainties. The renewables sector, with leaders like Vestas, continues to push growth and innovation despite such headwinds, aiming to meet global decarbonization goals.

Ulrich Caspar, President of the Frankfurt Chamber of Commerce, stressed the need for supportive economic policies, competitive energy prices, and regulatory relief to sustain business investment and employment growth in this challenging climate.