Vestas Wind Systems A/s · OMXCOP:VWS

Vestas Wind Systems A/s — Investor Presentation (December 2025)

6 slides from Vestas Wind Systems A/s's investor presentation, December 2025

  1. Slide 1: German Market Deep Dive: Vestas in Germany

    German Market Deep Dive Vestas in Germany Jens Kück Senior Vice President, Sales December 2025

  2. Slide 2: Vestas Germany Onshore

    Vestas Germany Onshore 26% 13.4 GW Installed based market share* Under service** In FY 2024 the installations market With an average duration of 14 years share was 30% for the country for all active service contracts 18.9 GW +9,100 Installed wind turbine capacity** Installed WTGs** With 1.2 GW insta

  3. Slide 3: Vestas in Germany

    Vestas in Germany He Dreiht Wind Farm 960 MW – 64 x V236-15.0 MW Arcadis Ost 1 Wind Farm Onshore installations Permitting and Auctions 2024 257 MW – 27 x V174-9.5 MW +9,100 WTG / 18.9 GW Husum 26% installed base share Permitting share: 39% Sales and Service 7% of national energy Auction share: 40% B

  4. Slide 4: Installation forecast | Woodmac annual Onshore installations

    Installation forecast | Woodmac annual Onshore installations Wind Power Market Outlook & Government Ambitions 2025 – 2034, in GW Market Outlook Government Ambitions 11.0 10.5 10.0 10.0 10.0 10.0 10.0 9.5 9.0 8.5 8.0 8.0 8.0 7.7 7.5 7.2 7.0 6.6 6.6 6.5 6.5 6.5 6.2 5.9 6.0 5.7 5.5 5.0 5.0 4.5 4.0 3.6

  5. Slide 5: German auctions: Auction round development since 2021

    German auctions: Auction round development since 2021 3.4 GW awarded in the third auction of 2025, with 1.66 subscription factor + 66€/MWh average winning bid Development of average bid levels, volumes and subscription factor MW and EUR/MWh Auctions awarded 2021-2025 German onshore auction volume (i

  6. Slide 6: German auctions: General overview

    German auctions: General overview Support scheme and regulation Upcoming auctions Auction volume Actual auction volume The legal basis for tenders is regulated by the 3,443 3,443 Comments: Sliding premium / Renewable Energy Sources Act (EEG). Sections 28 to • Discussion of new onshore and one-sided

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