Top 10 Renewable Energy Companies in the World

Renewable energy is the future of the energy sector, as it offers many advantages over fossil fuels, such as lower emissions, lower costs, and better performance. Renewable energy sources include solar, wind, hydro, geothermal, and biomass. The global demand for renewable energy is growing rapidly, as more countries and regions adopt policies and incentives to support clean energy development and deployment.

There are many companies that are involved in the renewable energy industry, from generation and distribution to trading and technology. Some of these companies are well-established and have a global presence, while others are emerging and have a niche market. These companies vary in size, scope, and strategy, but they all share a common vision of providing sustainable and reliable energy solutions to their customers and stakeholders.

In this article, we will look at the top 10 renewable energy companies in the world, based on their revenue, growth, and momentum. These are the companies that are leading the way in the renewable energy sector, and that have the potential to benefit from the global trends and opportunities in the green energy market. These are the companies that you need to know about if you are interested in investing in or learning more about renewable energy.

Note: All figures are as of Dec. 15, 2022. Some of the stocks below are only traded over-the-counter (OTC) in the U.S., not on exchanges. OTC stocks often carry higher trading costs than equities listed on exchanges. This can lower or even outweigh potential returns.

General Electric Co. (GE)

General Electric is one of the largest and most diversified companies in the world, operating in various industries, such as health care, aviation, and power. GE is also one of the pioneers and innovators in the renewable energy sector, with a strong focus on wind and solar energy. GE manufactures and installs wind turbines and solar panels, as well as develops and provides software and digital solutions for energy management and optimization. GE also offers services and financing for renewable energy projects.

GE’s revenue from renewable energy was $75.07 billion in the last 12 months, making it the largest renewable energy company in the world by revenue. GE’s net income was -$5.84 billion, due to various restructuring and impairment charges. GE’s market cap was $89.02 billion, and its one-year trailing total return was -11.09%.

Iberdrola SA (IBDRY)

Iberdrola is a Spain-based multinational electric utility company, that engages in the generation, distribution, and trading of electricity. Iberdrola is one of the world’s leading renewable energy companies, with a portfolio of clean energy sources, such as wind, solar, hydro, and biomass. Iberdrola operates in several countries, including the U.S., U.K., Spain, Mexico, and Brazil, and has a presence in other regions, such as Portugal, Greece, Japan, and Australia.

NextEra Energy Inc. (NEE)

NextEra Energy is a U.S.-based electric utility company, that owns and operates two main subsidiaries: Florida Power & Light Company, which serves more than 5 million customers in Florida, and NextEra Energy Resources, which is the world’s largest generator of renewable energy from wind and solar. NextEra Energy also invests in and develops battery storage, nuclear, and natural gas projects. NextEra Energy is committed to reducing its carbon emissions and increasing its renewable energy capacity.

NextEra Energy’s revenue from renewable energy was $19.2 billion in the last 12 months, making it the third-largest renewable energy company in the world by revenue. NextEra Energy’s net income was $6.76 billion, driven by its growth in renewable energy and customer base. NextEra Energy’s market cap was $145.3 billion, and its one-year trailing total return was 26.9%.

Enel SpA (ENLAY)

Enel is an Italy-based multinational electric utility company, that engages in the generation, distribution, and trading of electricity and gas. Enel is one of the world’s leading renewable energy companies, with a portfolio of clean energy sources, such as wind, solar, hydro, geothermal, and biomass. Enel operates in more than 30 countries, including Italy, Spain, Brazil, Chile, and Colombia, and has a presence in other regions, such as North America, Africa, and Asia.

Enel’s revenue from renewable energy was $18.9 billion in the last 12 months, making it the fourth-largest renewable energy company in the world by revenue. Enel’s net income was $3.9 billion, reflecting its solid operational performance and cost efficiency. Enel’s market cap was $98.4 billion, and its one-year trailing total return was 7.6%.

Orsted A/S (DNNGY)

Orsted is a Denmark-based multinational energy company, that specializes in offshore wind power. Orsted is the world’s largest offshore wind developer, with a portfolio of wind farms in Europe, North America, and Asia. Orsted also invests in and develops onshore wind, solar, and energy storage projects, as well as provides energy solutions and services to its customers. Orsted is committed to becoming a carbon-neutral company by 2025, and to reaching net-zero emissions across its entire value chain by 2040.

Orsted’s revenue from renewable energy was $11.8 billion in the last 12 months, making it the fifth-largest renewable energy company in the world by revenue. Orsted’s net income was $1.7 billion, reflecting its strong growth in offshore wind and its successful divestment of its oil and gas business. Orsted’s market cap was $58.9 billion, and its one-year trailing total return was 0.4%.

First Solar is a U.S.-based solar energy company, that manufactures and sells photovoltaic (PV) solar modules and systems. First Solar is one of the world’s leading solar energy companies, with a portfolio of solar projects in various markets, such as the U.S., Australia, India, and Japan. First Solar also provides services and solutions for solar power plant development, operation, and maintenance. First Solar is known for its thin-film solar technology, which has a lower environmental impact and a higher energy yield than conventional silicon-based solar technology.

First Solar’s revenue from renewable energy was $2.7 billion in the last 12 months, making it the sixth-largest renewable energy company in the world by revenue. First Solar’s net income was $424.5 million, driven by its strong demand and operational efficiency. First Solar’s market cap was $9.6 billion, and its one-year trailing total return was 107.9%.

Brookfield Renewable Corp. (BEPC)

Brookfield Renewable is a Canada-based renewable power company, that owns and operates a global portfolio of renewable energy assets. Brookfield Renewable has a diversified mix of clean energy sources, such as hydroelectric, wind, solar, and storage. Brookfield Renewable operates in North and South America, Europe, and Asia, and has a presence in other regions, such as Africa and Australia. Brookfield Renewable is part of the Brookfield Asset Management group, which is a leading alternative asset manager with over $600 billion in assets under management.

Brookfield Renewable’s revenue from renewable energy was $2.6 billion in the last 12 months, making it the seventh-largest renewable energy company in the world by revenue. Brookfield Renewable’s net income was $1.2 billion, reflecting its strong cash flow generation and asset optimization. Brookfield Renewable’s market cap was $5.8 billion, and its one-year trailing total return was 57.4%.

Clearway Energy Inc. (CWEN)

Clearway Energy is a U.S.-based renewable energy company, that invests in and owns energy infrastructure and long-term contracted renewable energy assets. Clearway Energy has a portfolio of wind, solar, and storage projects in the U.S., as well as thermal and distributed generation assets. Clearway Energy also provides energy solutions and services to its customers and partners. Clearway Energy is sponsored by Global Infrastructure Partners, which is a leading global infrastructure investor with over $70 billion in assets under management.

Clearway Energy’s revenue from renewable energy was $1.1 billion in the last 12 months, making it the eighth-largest renewable energy company in the world by revenue. Clearway Energy’s net income was $1.06 billion, driven by its divestiture of its thermal business and its growth in renewable energy. Clearway Energy’s market cap was $3.7 billion, and its one-year trailing total return was 29.9%.

Daqo New Energy is a China-based solar energy company, that manufactures polysilicon for sale to manufacturers of solar cells and modules. Daqo New Energy also makes photovoltaic wafers. Daqo New Energy’s revenue from renewable energy was $1.1 billion in the last 12 months, making it the ninth-largest renewable energy company in the world by revenue. Daqo New Energy’s net income was $603.8 million, driven by its higher sales prices and volumes. Daqo New Energy’s market cap was $9.6 billion, and its one-year trailing total return was 107.9%.

Sunrun Inc. (RUN)

Sunrun is a U.S.-based residential solar energy company, that provides solar panels, batteries, and energy services to homeowners. Sunrun is the largest residential solar installer in the U.S., with more than 550,000 customers in 22 states, Puerto Rico, and Guam. Sunrun also offers a solar lease and power purchase agreement (PPA) option, which allows customers to pay a fixed monthly fee for the use of solar energy, without owning the system. Sunrun also provides grid services and virtual power plants, which aggregate and optimize distributed energy resources.

Sunrun’s revenue from renewable energy was $886.5 million in the last 12 months, making it the tenth-largest renewable energy company in the world by revenue. Sunrun’s net income was -$13.5 million, due to its high operating expenses and interest costs. Sunrun’s market cap was $8.9 billion, and its one-year trailing total return was 7.3%.

Conclusion

These are the top 10 renewable energy companies in the world, based on their revenue, growth, and momentum. These companies are leading the way in the renewable energy sector, and have the potential to benefit from the global trends and opportunities in the green energy market. These companies are also providing sustainable and reliable energy solutions to their customers and stakeholders, while contributing to the global efforts to combat climate change and reduce carbon emissions. These companies are worth watching and learning from, as they are shaping the future of the energy industry.