[Ranking] TOP 25 Renewable Energy Equipment & Services / Energy Companies Q3/2023
Intro
The Renewable Energy Equipment & Services industry plays a crucial role in the worldwide economy, providing the necessary tools and services to harness clean and sustainable energy sources. With the increasing global concern for climate change and the need to transition to renewable energy, this industry is at the forefront of the energy sector's transformation.
The influence of the Renewable Energy Equipment & Services industry extends far beyond its own boundaries, impacting diverse sectors such as manufacturing, construction, and transportation. As companies and governments alike strive to reduce their carbon footprint, the demand for renewable energy equipment and services continues to grow, creating a ripple effect throughout the entire economy.
In recent years, the economic magnitude of the Renewable Energy Equipment & Services industry has soared. As governments implement policies and incentives to promote renewable energy adoption, the industry has experienced a remarkable upward trajectory. This growth is driven by an increasing number of renewable energy projects worldwide, including solar power plants, wind farms, and hydroelectric facilities.
The industry is not without its challenges and obstacles. As technology advances and costs decrease, renewable energy equipment and services face the challenge of meeting the ever-growing demand while maintaining competitiveness. Additionally, the intermittent nature of renewable energy sources and the need for storage solutions present further opportunities for innovation and breakthroughs in the industry.
The landscape of the Renewable Energy Equipment & Services industry is constantly evolving. New technologies, policies, and market dynamics shape the industry's future, making it a dynamic and exciting sector to explore. In this article, we will delve into the top companies in this sub-industry, examining their contributions, innovations, and strategies in driving the renewable energy revolution forward.
Ranking
#25 Boralex
Employees: 1.2K
Revenue: 325M$
Website: https://www.boralex.com
Description: Boralex is a leading renewable energy company headquartered in Kingsey Falls, Canada. Founded in 1982, the company specializes in the development, construction, and operation of renewable energy projects, with a focus on wind, hydroelectric, solar, and biomass power generation. With a team of approximately 1.2 thousand employees, Boralex is committed to providing clean and sustainable energy solutions to meet the world's growing demand. The company's annual revenue is estimated to be around 325 million dollars, driven by its diverse portfolio of renewable energy assets across North America, France, and the United Kingdom. Through its innovative and environmentally friendly approach, Boralex plays a crucial role in reducing carbon emissions and promoting a greener future.
#24 Innergex Renewable Energy
Employees: 1.2K
Revenue: 500M$
Website: https://www.innergex.com
Description: Innergex Renewable Energy is a leading player in the Renewable Energy Equipment & Services industry. Based in Longueuil, Canada, the company has been operating since 1990. With a workforce of approximately 1.2 thousand employees, Innergex focuses on developing, acquiring, owning, and operating hydroelectric facilities, wind farms, and solar farms. The company's portfolio includes a diverse range of renewable energy projects across North America, Latin America, and Europe. Innergex aims to contribute to the transition towards a sustainable energy future by harnessing the power of renewable resources and providing clean energy solutions. With a revenue of around 500 million dollars, Innergex continues to expand its presence in the renewable energy sector and contribute to the global efforts towards decarbonization.
#23 Pattern Energy Group
Employees: 1.2K
Revenue: 700M$
Website: https://www.patternenergy.com
Description: Pattern Energy Group is a leading company in the Renewable Energy Equipment & Services industry. With its headquarters in San Francisco, United States, the company operates primarily in North America. Pattern Energy Group was founded in 2009 and has grown to employ approximately 1.2 thousand employees. The company focuses on developing, constructing, and operating renewable energy projects, with a strong emphasis on wind power. Pattern Energy Group's portfolio consists of numerous wind farms across North America, contributing to the growth of sustainable and clean energy sources. The company's dedication to renewable energy and its innovative approach have positioned it as a key player in the industry.
#22 Enphase Energy
Employees: 1.2K
Revenue: 1.1B$
Website: https://www.enphase.com
Description: Enphase Energy is a leading player in the Renewable Energy Equipment & Services industry. Headquartered in Fremont, United States, the company specializes in the design, development, and manufacture of innovative energy management systems. Enphase Energy's products focus on the solar energy sector, offering advanced microinverter technology that optimizes the performance and reliability of solar photovoltaic systems. With a strong commitment to sustainability and clean energy, the company has revolutionized the solar industry by providing intelligent and efficient energy solutions. Enphase Energy's cutting-edge technology enables homeowners and businesses to generate and store clean energy, reducing their carbon footprint and dependence on traditional energy sources. With approximately 1.2K employees and a revenue of 1.1B$, Enphase Energy continues to pave the way for a greener future.
#21 TerraForm Power
Employees: 0.5K
Revenue: 1.2B$
Website: https://www.terraformpower.com
Description: TerraForm Power is a renewable energy company based in New York City, United States. Founded in 2014, the company operates in the Renewable Energy Equipment & Services industry. With around 500 employees, TerraForm Power focuses on developing, owning, and operating clean energy power plants globally. The company's portfolio includes solar and wind assets across North America, Europe, and other regions. TerraForm Power is committed to providing sustainable and reliable energy solutions while reducing greenhouse gas emissions. With a revenue of approximately 1.2 billion dollars, the company plays a significant role in accelerating the transition to a clean energy future.
#20 Suzlon Energy
Employees: 10K
Revenue: 1.2B$
Website: https://www.suzlon.com
Description: Suzlon Energy, headquartered in Pune, India, is a leading player in the Renewable Energy Equipment & Services industry. Founded in 1995, the company has grown to employ approximately 10,000 people globally. With a focus on wind energy, Suzlon designs, develops, and manufactures wind turbines and related components. They also offer a wide range of services including project planning, installation, operations, and maintenance. Suzlon's innovative and sustainable solutions have made them a major contributor to the development of clean energy worldwide. With a revenue of 1.2 billion dollars, Suzlon continues to expand its presence in the renewable energy sector, driving the transition towards a greener and more sustainable future.
#19 Canadian Utilities
Employees: 5K
Revenue: 1.2B$
Website: https://www.canadianutilities.com/
Description: Canadian Utilities is a Canadian company headquartered in Calgary that operates in the Renewable Energy Equipment & Services industry. Founded in 1881, the company has a workforce of approximately 5,000 employees. With a revenue of 1.2 billion USD, Canadian Utilities is a key player in the renewable energy sector in Canada. The company specializes in providing a wide range of renewable energy equipment and services, including the development, construction, and operation of renewable energy projects. Canadian Utilities is committed to driving the transition to a cleaner and more sustainable energy future, offering innovative solutions and technologies to harness the power of renewable sources such as wind, solar, and hydro. Through its extensive expertise and experience, Canadian Utilities plays a significant role in advancing the renewable energy sector in Canada and contributing to the country's energy transition efforts.
#18 Sunrun
Employees: 4.5K
Revenue: 1.2B$
Website: https://www.sunrun.com
Description: Sunrun is a leading provider of renewable energy equipment and services based in San Francisco, United States. Founded in 2007, the company has grown to employ approximately 4,500 employees. Sunrun specializes in the installation and maintenance of solar energy systems for residential customers, offering a range of financing options including solar leases and power purchase agreements. With a focus on providing affordable and reliable clean energy solutions, Sunrun has become one of the largest residential solar companies in the United States. The company's revenue for the latest fiscal year reached 1.2 billion dollars, reflecting its strong position in the renewable energy industry.
#17 Hanwha Q Cells
Employees: 4.5K
Revenue: 1.2B$
Website: https://www.q-cells.com
Description: Hanwha Q Cells, headquartered in Seoul, South Korea, is a leading company in the Renewable Energy Equipment & Services industry. Established in 1999, the company has grown to become a major player in the sector. With a workforce of approximately 4.5 thousand employees, Hanwha Q Cells is dedicated to providing innovative renewable energy solutions. The company's primary focus is on the manufacturing of high-quality solar cells and modules, as well as the development and operation of solar power plants. Hanwha Q Cells is committed to driving the global transition towards clean energy through its advanced products and services. With annual revenue of 1.2 billion dollars, the company continues to contribute significantly to the renewable energy sector.
#16 Goldwind
Employees: 10K
Revenue: 1.2B$
Website: https://www.goldwindglobal.com/
Description: Goldwind is a leading company in the Renewable Energy Equipment & Services industry. Headquartered in Beijing, China, Goldwind specializes in the development, manufacturing, and sale of wind turbine generators and related components. With a strong focus on innovation and sustainability, the company has been at the forefront of the renewable energy revolution. Founded in 1998, Goldwind has grown to become one of the largest wind turbine manufacturers globally. With a dedicated workforce of approximately 10,000 employees, the company has established a strong presence in both domestic and international markets. Goldwind's revenue in 2020 reached 1.2 billion dollars, reflecting its success in the renewable energy sector.
#15 SolarEdge Technologies
Employees: 2.5K
Revenue: 1.3B$
Website: https://www.solaredge.com
Description: SolarEdge Technologies, headquartered in Fremont, United States, is a leading company in the Renewable Energy Equipment & Services industry. Founded in 2006, SolarEdge specializes in the production of solar power optimization solutions and inverters. With a team of approximately 2,500 employees, the company has successfully established itself as a key player in the industry. SolarEdge's products enable more efficient and cost-effective solar energy generation, making renewable energy accessible to a wider audience. The company has experienced significant growth, reporting a revenue of 1.3 billion dollars. Through innovative technologies and solutions, SolarEdge is driving the transition to a sustainable energy future.
#14 SunPower
Employees: 5.5K
Revenue: 2.5B$
Website: https://us.sunpower.com/
Description: SunPower, headquartered in San Jose, United States, is a leading company in the Renewable Energy Equipment & Services industry. Since its founding in 1985, SunPower has been committed to delivering innovative solar solutions. With a workforce of approximately 5,500 employees, SunPower has established itself as a major player in the industry. The company specializes in the design, manufacturing, and installation of high-efficiency solar panels for residential, commercial, and utility-scale projects. SunPower's advanced solar technology maximizes energy production and reduces system costs, providing customers with reliable and sustainable energy solutions. With annual revenues of 2.5 billion dollars, SunPower continues to drive the adoption of clean energy worldwide.
#13 Xinyi Solar Holdings
Employees: 10K
Revenue: 2.5B$
Website: https://www.xinyisolar.com/
Description: Xinyi Solar Holdings is a leading player in the Renewable Energy Equipment & Services industry. Headquartered in Taipei, Taiwan, the company has been operating since its founding in 2002. With a workforce of approximately 10,000 employees, Xinyi Solar Holdings is dedicated to providing innovative and sustainable solutions in the renewable energy sector. The company specializes in the production of high-quality solar glass, photovoltaic modules, and related products. Xinyi Solar Holdings has established itself as a key player in the global renewable energy market, with a focus on delivering reliable and efficient products. With a revenue of 2.5 billion dollars, the company continues to expand its operations and contribute to the growth of the renewable energy sector.
#12 First Solar
Employees: 5K
Revenue: 2.7B$
Website: https://www.firstsolar.com
Description: First Solar is a leading player in the Renewable Energy Equipment & Services industry. The company, headquartered in Tempe, United States, operates primarily in North America. Founded in 1999, First Solar has established itself as a key player in the sector. With a workforce of approximately 5,000 employees, the company is dedicated to the development and manufacturing of advanced solar power systems. First Solar's innovative solutions focus on sustainable energy generation and aim to provide clean and reliable electricity. The company's revenue reached 2.7 billion dollars, reflecting its strong market presence and successful business operations in the renewable energy industry.
#11 Canadian Solar
Employees: 5.1K
Revenue: 2.9B$
Website: https://www.canadiansolar.com
Description: Canadian Solar is a leading provider of solar power products, services, and solutions worldwide. Headquartered in Guelph, Canada, the company operates in the Renewable Energy Equipment & Services industry. Founded in 2001, Canadian Solar has grown to become one of the largest solar power companies globally. With a workforce of approximately 5,100 employees, the company is committed to delivering high-quality solar energy solutions that contribute to a sustainable future. Canadian Solar offers a comprehensive portfolio of solar modules, PV system solutions, energy storage systems, and related services, catering to residential, commercial, and utility-scale customers. The company's revenue reached approximately 2.9 billion US dollars, solidifying its position as a key player in the renewable energy sector.
#10 EDP Renovaveis
Employees: 3.6K
Revenue: 3.2B$
Website: https://www.edpr.com/
Description: EDP Renováveis (EDPR) is a leading renewable energy company headquartered in Lisbon, Portugal. Founded in 2007, the company specializes in the development, construction, and operation of renewable energy projects. With a workforce of approximately 3.6 thousand employees, EDPR focuses on the production of wind and solar energy, contributing to the global transition to a more sustainable energy sector. The company's revenue amounts to 3.2 billion US dollars, highlighting its significant presence in the renewable energy market. Through its innovative and environmentally friendly solutions, EDPR plays a vital role in promoting clean energy and reducing carbon emissions.
#9 Brookfield Renewable Partners
Employees: 5.5K
Revenue: 3.7B$
Website: https://bep.brookfield.com/
Description: Brookfield Renewable Partners is a leading company in the Renewable Energy Equipment & Services industry. Headquartered in Montreal, Canada, the company operates primarily in North America. With a team of approximately 5,500 employees, Brookfield Renewable Partners is committed to providing innovative and sustainable solutions for renewable energy. The company was founded in 1999 and has since grown to become a key player in the industry. Brookfield Renewable Partners generates significant revenue, with an estimated annual revenue of 3.7 billion US dollars. Through its expertise and investments, the company contributes to the development and expansion of renewable energy sources, promoting a cleaner and more sustainable future.
#8 Algonquin Power & Utilities
Employees: 2.5K
Revenue: 3.7B$
Website: https://www.algonquinpowerandutilities.com
Description: Algonquin Power & Utilities, headquartered in Oakville, Canada, is a leading player in the Renewable Energy Equipment & Services industry. With a history dating back to 1988, the company has established itself as a prominent provider of clean energy solutions. Algonquin Power & Utilities operates a diversified portfolio of renewable energy assets, including wind, solar, hydroelectric, and thermal facilities. They are committed to sustainability and environmental stewardship, focusing on reducing greenhouse gas emissions and promoting a low-carbon future. With approximately 2.5K employees, the company generates significant revenue of 3.7B$. Through their innovative technologies and investment in renewable energy projects, Algonquin Power & Utilities contributes to the global transition towards a more sustainable energy sector.
#7 JinkoSolar
Employees: 15K
Revenue: 4.2B$
Website: https://www.jinkosolar.com
Description: JinkoSolar is a leading global manufacturer of solar panels and a major player in the Renewable Energy Equipment & Services industry. Headquartered in Shanghai, China, the company was founded in 2006. With a workforce of approximately 15,000 employees, JinkoSolar operates across the globe, providing high-quality solar products and solutions. The company's revenue stands at around 4.2 billion US dollars. JinkoSolar is committed to promoting clean energy and sustainability, offering a wide range of solar modules, inverters, and other renewable energy equipment. Their innovative products and services have contributed significantly to the growth of the renewable energy sector, helping to reduce carbon emissions and combat climate change.
#6 Acciona
Employees: 38K
Revenue: 9.5B$
Website: https://www.acciona.com/
Description: Acciona is a leading player in the Renewable Energy Equipment & Services industry. Headquartered in Madrid, Spain, the company has been at the forefront of driving sustainable solutions in the energy sector since its founding in 1976. With a workforce of 38,000 employees worldwide, Acciona is committed to providing innovative renewable energy solutions across the globe. The company's portfolio includes a wide range of activities, such as the development, construction, and operation of renewable energy projects, including wind farms, solar power plants, and hydroelectric facilities. Acciona also offers comprehensive services in energy management, transmission, and distribution, further contributing to the advancement of renewable energy technologies. With a revenue of 9.5 billion dollars, Acciona continues to expand its presence in the industry, driving the transition towards a more sustainable and eco-friendly energy landscape.
#5 GE Renewable Energy
Employees: 35K
Revenue: 9.5B$
Website: https://www.ge.com/renewableenergy
Description: GE Renewable Energy, headquartered in Schenectady, New York, United States, is a leading player in the Renewable Energy Equipment & Services industry. Established in 2015, the company boasts a workforce of approximately 35,000 employees. With a revenue of 9.5 billion dollars, GE Renewable Energy operates globally, providing innovative solutions in the renewable energy sector. Their portfolio includes wind turbines, hydroelectric power systems, solar power solutions, and grid solutions. The company aims to drive the transition to a sustainable energy future by delivering reliable, efficient, and cost-effective renewable energy solutions. Through continuous research and development, GE Renewable Energy is committed to reducing the world's carbon footprint and creating a cleaner and more sustainable planet.
#4 Orsted
Employees: 6.8K
Revenue: 10.1B$
Website: https://orsted.com/
Description: Orsted is a leading company in the Renewable Energy Equipment & Services industry. Headquartered in Copenhagen, Denmark, Orsted has been at the forefront of developing renewable energy solutions since its founding in 1972. With a workforce of approximately 6.8 thousand employees, the company is dedicated to transforming the energy sector towards a sustainable future. Orsted focuses on the development, construction, and operation of offshore wind farms, providing clean and reliable energy to millions of people. The company's revenue stands at around 10.1 billion dollars, showcasing its significant presence in the renewable energy market. Through its innovative approach and commitment to sustainability, Orsted continues to play a vital role in shaping the renewable energy landscape globally.
#3 Siemens Gamesa Renewable Energy
Employees: 26.5K
Revenue: 11.0B$
Website: https://www.siemensgamesa.com/
Description: Siemens Gamesa Renewable Energy is a leading player in the Renewable Energy Equipment & Services industry. With its headquarters in Zamudio, Spain, the company operates primarily in Europe. Founded in 2017, Siemens Gamesa has rapidly grown to become a major player in the renewable energy sector. The company employs approximately 26,500 people, who are dedicated to developing and manufacturing innovative solutions for renewable energy generation. Siemens Gamesa's revenue reached 11.0 billion dollars, reflecting its strong market presence and successful projects. With a focus on sustainability and clean energy, Siemens Gamesa continues to contribute to the global transition towards a greener future.
#2 Vestas Wind Systems
Employees: 25K
Revenue: 12B$
Website: https://www.vestas.com
Description: Vestas Wind Systems is a leading player in the Renewable Energy Equipment & Services industry. Headquartered in Aarhus, Denmark, Vestas has been in operation since 1945. With a workforce of around 25,000 employees, the company is committed to providing innovative wind energy solutions. Vestas offers a wide range of products and services including wind turbines, control systems, and maintenance and installation services. Their wind turbines are designed to harness the power of wind and convert it into clean, sustainable energy. The company's dedication to renewable energy has positioned Vestas as a key player in the industry, contributing to the global transition towards a more sustainable future.
#1 NextEra Energy
Employees: 14K
Revenue: 19B$
Website: https://www.nexteraenergy.com/
Description: NextEra Energy, headquartered in Juno Beach, Florida, is a leading player in the Renewable Energy Equipment & Services industry. With a history dating back to 1925, the company has established itself as a prominent force in the clean energy sector. NextEra Energy operates through its subsidiaries, Florida Power & Light Company (FPL) and NextEra Energy Resources, which focus on generating clean and sustainable energy. FPL serves approximately 5 million customers in Florida and is the largest rate-regulated electric utility in the United States. NextEra Energy Resources is a leading renewable energy generator in North America, with a diverse portfolio that includes wind, solar, and nuclear power facilities. With around 14,000 employees, NextEra Energy reported a revenue of 19 billion dollars, firmly positioning itself as a key player in advancing the renewable energy transition.
Summary
In the Renewable Energy Equipment & Services sub-industry, several companies have emerged as leaders, driving innovation and promoting sustainable energy solutions. These companies have made significant accomplishments, both in terms of financial success and technological advancements.
One unexpected finding is the increasing collaboration between renewable energy equipment manufacturers and service providers. This partnership allows for seamless integration of equipment and services, resulting in more efficient and effective solutions for customers.
Among the premier companies in this sub-industry are Vestas Wind Systems, Siemens Gamesa Renewable Energy, and Schneider Electric. Vestas Wind Systems, a Danish company, is the world's largest supplier of wind turbines, while Siemens Gamesa Renewable Energy, a multinational corporation, is a leading provider of wind power solutions. Schneider Electric, a global energy management and automation company, offers a wide range of renewable energy equipment and services.
These top companies share a common commitment to sustainability and clean energy. They invest heavily in research and development to improve the efficiency and performance of renewable energy equipment. Additionally, they focus on providing comprehensive solutions that encompass design, installation, and maintenance of renewable energy systems.
What sets these eminent companies apart is their ability to adapt to the evolving needs of the renewable energy market. They prioritize innovation, constantly introducing new technologies and solutions to meet the growing demand for clean energy. Moreover, they have established strong partnerships and collaborations with other industry players to leverage their collective expertise and drive industry-wide progress.