Vestas Gets Much-Needed Investment Jolt from U.S. Wind Sector

January 6, 2025--Researched by Industrial Info Resources (Sugar Land, Texas)--Vestas Wind Systems A/S (Copenhagen, Denmark) started the year with some good news: The original equipment manufacturer (OEM) announced more than 1.6 gigawatts (GW) worth of wind turbine orders at the end of the year, the bulk of which is attributed to U.S.-based projects. These join a host of projects in 19 U.S. states and six Canadian provinces. Industrial Info is tracking more than $40 billion worth of active and planned projects across the U.S. and Canada involving, or potentially involving, equipment from Vestas. The spate of U.S.-based orders--mostly from undisclosed customers--follows a rough year for Vestas, which struggled to recover from losses amid heavy inflation, operational issues, and increased costs from repairs and upgrades. Other companies featured: Brookfield Asset Management Incorporated (NYSE:BAM), Invenergy LLC, Apex Clean Energy Incorporated, BP plc's (NYSE:BP) and ENGIE S.A.