Top 10 renewable energy companies
With the renewable energy market expected to be worth $2bn by 2025 according to Garner, CSO Magazine reveals the top 10 companies in the industry by capacity, according to Energy Acuity.
10 | Avangrid Renewables
The Portland-based firm’s capacity has hit 32,106.30MW since it was founded in 1995. With 494 projects, the company is the 10th largest renewable energy business in the world. “With every new project, Avangrid Renewables renews its industry-leading commitment to building the global clean energy economy. It isn’t just about delivering clean energy to the public and private utilities we serve; it’s about delivering to the world a better energy future using the abundant renewable resources we have here at home,” the company claims.
9 | Suzlon
Headquartered in Pune, India, Suzon is a wind turbine supplier. According to Energy Acuity, the company operates 1053 projects that have a combined capacity of 32,155.99MW. In November last year, the firm revealed it had “installed and commissioned the first prototype of S120 – 140m - India's tallest Wind Turbine Generator (WTG) with a Hybrid Concrete Tubular (HCT) Tower.”
8 | EDF Énergies Nouvelles
France’s EDF Énergies Nouvelles was founded in 1990 in the nation’s capital city. The business owns 470 projects with 33,159.44MW in capacity. The company focuses its operations in onshore and offshore wind capacity, marine energy and solar (power plant and distributed rooftop) energy, which is spread across 22 different countries. The firm is currently working to help its parent company EDF in reaching its renewable energy goals.
7 | American Electric Power
The Ohio-based utility divides its 34,013.65MW between 280 projects. “Together with our customers, we’re redefining the future of energy. Investing in a modern and efficient grid. Staying ahead of the curve as technology advances. Reducing carbon emissions and giving customers the cleaner power they want. Smarter, cleaner and more vibrant – we’re creating the energy company of the future,” the firm claims. AEP recorded US$16.8bn in revenue in 2018, up from the 15.4bn year-end figure of 2017.
6 | Berkshire Hathaway Energy
The energy firm is 90% owned by the conglomerate Berkshire Hathaway. The company generates, transmits, stores, distributes, and supplies energy – managing 442 projects. Berkshire Hathaway Energy’s capacity has reached 38,560.42MW. The business claims sustainability is ‘inherent’ to its core values and operations, and implemented the Environment RESPECT policy to ensure it was doing the best to help the environment.
5 | Gamesa Corporacion Tecnologica SA
What has now been taken over by Siemens and been rebranded as Siemens Gamesa, Gamesa Corporacion Tecnologica SA reportedly operates 914 projects and manages 58,563.14MW of capacity. The Spanish manufacturer offers a variety of onshore and offshore wind turbines, as well as diagnostics and logistics. The firm also has operations in hydropower, electric thermal, and energy storage industries.
4 | NextEra Energy, Inc.
NextEra Energy is a Fortune 200 business. The company prides itself on “creating jobs, generating economic benefits and investing in infrastructure across America.” The Florida-based firm has 654 projects and 66,386.41MW in capacity. NextEra Energy has set four goals: to responsibly design, construct, and operate facilities; to prevent pollution and minimise waste; to avoid and minimise impacts on wildlife; and to engage with local stakeholders and environmental agencies.
3 | Siemens
Germany’s Siemens has 828 renewable energy projects, and a total of 75,425.47MW in capacity. “Energy systems are changing – fundamentally and fast. The importance of individual energy sources and options for power generation are changing, as are the ways in which electricity is transmitted and distributed,” the company states. “The integration of renewables is getting more and more important. Modern energy systems benefit from renewable sources and integrated storage solutions to achieve an even more ecofriendly energy production.” Siemen’s products and solutions cover biomass, hydro, solar, wind, and hydrogen.
2 | GE Energy
The General Electric subsidiary operates across the wind and hydro power sectors, with a combined capacity of 102,952.19MW between 1,169 projects. “Our team has the courage, scale, passion, diversity and resourcefulness needed to deliver that promise…wherever and however the world needs it. Together with our customers, we’re proving that no one is ever limited to only affordable, reliable, or sustainable energy,” the company claims.
1 | Vestas
The Aarhus, Denmark-based manufacturer’s capacity has reached 104,292.84MW, spread across 2,547 projects. “Vestas is the energy industry’s global partner on sustainable energy solutions. We design, manufacture, install, and service wind turbines across the globe, and with 100GW of wind turbines in 79 countries, we have installed more wind power than anyone else,” the firm states. In November 2017, Vestas’ joint venture with Mitsubishi Heavy Industries (MHI Vestas) created the world’s most powerful wind turbine. The turbine has a 9.5MW capacity and is based off the previous V164 model.