Vestas Development A/S

Vestas Development A/S was founded in 2019 and is a 100% owned subsidiary of the ultimate parent Vestas Wind Systems A/S. The company's principal activity includes developing and financing renewable energy projects by either taking full ownership of the project, shared ownership with another developer through a joint venture, or under a Development Service Agreement ("DSA"), where it takes full ownership of the project but a contracted developer is handling some or all development activities. The company has development activities in 14 markets, with 7 identified key markets based on renewable energy growth, potential, and market risks: Australia, Italy, Spain, Ireland, Brazil, the United Kingdom, and the USA.