3. Vestas Wind Systems
Denmark-based Vestas is a global leader in the wind energy sector. It designs, manufactures, installs, develops, and services wind energy and hybrid projects worldwide. It has installed more than 157 GW of wind turbines in 88 countries.
Like GE, Vestas doesn't just sell and install wind turbines; it generates some recurring income from servicing them after installation. The company has service contracts covering at least 137 GW of wind power. These contracts help to offset some of the variability in wind turbine sales. Vestas’ focus on wind turbines makes it one of the few large-scale pure-play wind energy investments.
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