The private sector is the major source of innovation, technology and investments that can transform the global energy system.
From alternative energy to modern energy
We are facing a global challenge: the demand for energy is rising and conventional energy sources are declining. What is more, conventional energy sources release large emissions of C02 to the atmosphere and are subject to unpredictable price fluctuations. The world needs to re-think its energy future. Wind power is a clean, predictable and competitive energy source with a fast ramp-up which can help the world’s largest and fastest growing economies to reduce their dependence on fossil fuels and on imported energy. This is why we at Vestas call it Modern Energy.
Vestas – No. 1 in Modern EnergyVestas is the world leader in delivering Modern Energy. We have installed more than 33,500 wind turbines in more than 60 countries. With a 32 per cent accumulated market share, we are installing a new turbine worldwide every five hours. During the last 25 years, the capacity of Vestas turbines has grown 100-fold from 30 kW to 3 MW and we are continuously improving our turbines efficiency. Vestas turbines generate enough power to provide electricity for every household in a country the size of Spain with its population of 45 million.
