For the third 2023, the total wind turbine order backlog at Vestas stood at 20,966 MW and EUR 21.6 billion, with EUR 4.6 billion contributed by offshore wind orders.
The company says the record backlog reflects a high level of onshore order intake in the US and Germany as well as significant offshore order intake in the Netherlands.
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In addition to the wind turbine order backlog, at the end of the third quarter of 2024, Vestas had service agreements with expected contractual future revenue of EUR 35.1 billion so the value of the combined backlog of wind turbine orders and service agreements stood at EUR 63.4 billion, an increase of EUR 9.4 billion compared to the year-earlier period, the company reported.
In terms of revenue, Vestas generated EUR 5.18 billion in the third quarter of 2024, an increase of 18.9 per cent compared to the same period last year.
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about 1 year ago
Vestas’s wind turbine order backlog amounted to nearly 28 GW and EUR 28.3 billion at the end of the third quarter of 2024, an all-time high for the wind turbine manufacturer, according to the company’s third-quarter results. “Vestas achieved revenue of EUR 5.2bn and an EBIT margin of 4.5 percent in
