Largest renewable energy companies by market cap (2024)

FAQs

What is the largest renewable energy company in the world? ›

#1 General Electric Co.

(GE) is the largest renewable energy company by a significant margin. A multinational conglomerate, GE offers a wide range of products and services, including renewable energy solutions. GE is a leader in the development of wind turbines and energy-efficient software.

Regionally, China is by far the largest contributor to renewable energy investments worldwide, with more than 137 billion U.S. dollars invested in 2021, and is followed by Europe, which contributed almost 80 billion that same year.

China produced 31% of global renewable electricity, followed by the United States (11%), Brazil (6.4%), Canada (5.4%) and India (3.9%). Renewable investment reached almost $500 billion globally in 2022, amounting to 83% of new electric capacity that year. The renewable energy industry employs almost 14 million people.

Solar PV installations will continue to break new records, with annual additions forecast to reach over 160 GW by 2022. That would be almost 50% higher than the level achieved in 2019 prior to the pandemic, affirming solar's position as the “new king” of global electricity markets.

China has achieved stunning growth in its installed renewable capacity over the last two decades, far outpacing the rest of the world.

Amazon is the world's largest corporate purchaser of renewable energy for the fourth year in a row. With more than 500 solar and wind projects globally, Amazon's portfolio is now big enough to power 7.2 million U.S. homes each year.

Entergy Corporation (NYSE:ETR) is primarily engaged in electric power production and strives to integrate more renewable energy into the grid. NextEra Energy, Inc. (NYSE:NEE), Duke Energy Corporation (NYSE:DUK) and Southern Company (NYSE:SO) currently dominate the renewable energy market in the US.

The company remains the largest corporate buyer of renewable energy—a position it's held since 2020, according to Bloomberg New Energy Finance. Amazon's continued investment in renewable energy helps to accelerate growth in new regions through innovative deal structures, technologies, and cloud solutions.

India has emerged as a leader in the renewable energy market, ranking fourth in renewable energy installed capacity, wind power capacity, and solar power capacity. The government has implemented policies and programs to support the growth of the sector, while the private sector has driven innovation and job creation.

Who produces the most renewable energy in the US? ›

A color-coded map of the United States, with each state colored according to the percentage of in-state electricity generation that comes from renewable sources. South Dakota has the most generation from renewables, at 83% in 2021. Vermont, Washington, and Idaho are ranked second, third, and forth.

Albania, Iceland, and Paraguay obtain essentially all of their electricity from renewable sources (Albania and Paraguay 100% from hydroelectricity, Iceland 72% hydro and 28% geothermal).

RES is the world's largest independent renewable energy company, working across 24 countries and active in wind, solar, energy storage, biomass, hydro, green hydrogen, transmission and distribution.

The leading countries for installed renewable energy in 2023 were China, the U.S., Brazil. China was the leader in renewable energy installations, with a capacity of around 1,453 gigawatts. The U.S., in second place, had a capacity of around 388 gigawatts.

Solar energy is the most abundant of all energy resources and can even be harnessed in cloudy weather. The rate at which solar energy is intercepted by the Earth is about 10,000 times greater than the rate at which humankind consumes energy.

Amazon is the world's largest corporate purchaser of renewable energy for the fourth year in a row. With more than 500 solar and wind projects globally, Amazon's portfolio is now big enough to power 7.2 million U.S. homes each year.