Vestas Wind Systems A/S, Clean200 #15
Vestas has established itself as the dominant player in the global wind turbine market and represents one of the key reasons wind power has been able to move into so many countries around the world so competitively. In 2018, electricity generation from wind farms around the world were competitive on the wholesale electricity market. In many locations, wind is already the cheapest option for new electricity generation capacity without subsidies.
Vestas continues to grow, and achieved its highest-ever booking of new orders in 2018, with 14.2 GW added across 43 countries. These bookings helped Vestas to become the first company to install 100 GW of wind turbines in 80 countries on 6 continents around the world, amounting to 20% of the world’s total installed wind generation capacity.
Article written by CleanTechnica - In partnership with As You Sow and Corporate Knights.