Renewable energy is defined as energy derived from natural sources that are replenished faster than it is consumed. Sunlight and wind are two examples of such constantly replenishing sources. Renewable energy is plentiful and all around us. These are pure energies that have no negative consequences. A growing number of businesses worldwide are turning to such sources to help make the world a safer place.
1. Orsted A/S
The company’s headquarters are in Fredericia, Denmark, and it is one of the leading renewable energy firms. Orsted is ranked fourth on Sustainability Magazine’s Top 100 Companies 2022 and is in charge of renewable applications as well as the development, construction, and operation of offshore wind farms. The goal to become carbon neutral across its operations by 2025, the company is rapidly innovating, and expanding its operations to heat energy through its bioenergy and thermal power segments.
2. Iberdrola
Iberdrola is a Spanish multinational electric utility company headquartered in Bilbao. The company generates, distributes, and trades electricity. It is an onshore and offshore wind, pumped hydro, solar photovoltaic, and battery storage company. Iberdrola operates in the United States, the United Kingdom, Spain, Mexico, and Brazil, among other places, and has a presence in Portugal, Greece, Japan, and Australia.
3. NextEra Energy, Inc.
NextEra Energy, Inc. is ranked third, and it generates, distributes, sells, and transmits electric power to customers in North America. To generate electricity the company uses wind, solar, nuclear, coal, and natural gas facilities. NextEra is the world’s largest utility company. Founded and headquartered in the United States, they generate more wind and solar energy than any other company.
4. First Solar
The number four on the list is First Solar, which is well-known for manufacturing thin-film solar panels, which are necessary for larger-scale solar energy farms. The solar industry leader has big plans for the future, with two new factories set to open in Ohio and India next year to produce their Series 7 solar panels. First Solar has thrived during post-pandemic slumps due to its supply chain, which does not pass through China, and thus they, have not faced any lockdown restrictions imposed currently in a few Chinese cities.
5. Enphase Energy, Inc
Enphase Energy was founded in 2006 with the explicit goal of disrupting the solar energy market. The company has specialised in manufacturing scalable microinverters that are compatible with the vast majority of solar panels. In its short history, this green energy company has distributed over 40 million microinverters to over 130 countries. That is an incredible revenue growth trajectory, and it will likely continue as private, and business demand for solar panels grows.
6. Vestas Wind Systems A/S
A wind energy company based in Denmark. It designs, builds, and installs wind turbines. The company also has a service segment that offers service contracts, spare parts, and other related services. Wind turbines have been installed in a number of countries around the world by Vestas.
7. JinkoSolar Holding Co., Ltd.
JinkoSolar Holding Co., Ltd. is ranked seventh. Starting as a water manufacturer in 2006, this Chinese renewable energy company has come a long way in just over a decade. JinkoSolar is the world’s largest solar panel manufacturer by market share, distributing solar products to over 100 countries. In 2016, it was also named to Fortune’s list of the 100 Fastest Growing Companies in the World.
8. Brookfield Renewable Partners LP (BEP)
Brookfield Renewable Partners L.P. owns and operates renewable energy generation plants in several countries. The company generates electricity using hydroelectric, wind, solar, distributed generation, pumped storage, cogeneration, and biomass sources. Brookfield Renewable operates one of the world’s largest publicly traded, pure-play renewable energy platforms. In North America, South America, Europe, and Asia, they have hydroelectric, wind, solar, and storage facilities.
9. Siemens Gamesa Renewable Energy
A wind energy company with operations in Spain and Germany. They manufacture wind turbines and provide offshore and onshore wind services. With a revenue of $10.2 billion in 2021, the company is the world’s second-largest manufacturer of wind turbines. They currently have more than 120 GW of installed wind capacity worldwide, enough to power more than 87 million households annually. The company is best known for its largest offshore wind turbine, the SG 14-236 DD, which has a nameplate capacity of up to 14 MW and 15 MW when equipped with the Power Boost function.
10. The Southern Company (NYSE:SO)
The Atlanta-based company provides electricity, natural gas, and telecommunications services, as well as operates a fibre optics network. Not only this it is also one of the largest producers of electricity in the United States. The Southern Company’s (NYSE:SO) renewable energy generation portfolio spans 28 facilities and includes 2.5 GW of wind generating capacity and 2.4 GW of solar.
