(NASDAQ:ENPH), the IQ8 Microinverters, offer microgrid-forming technology that provides Sunlight Backup during grid outages, and the proprietary, intelligent chip makes switching between on or off grid virtually seamless. The latest offering of Enphase Energy, Inc. Founded in 2006, the company has more than 2,800 employees across the world resulting in over 2.7 million deployments of its systems across 145 countries. ( ENPH), based in Fremont, California, is a global energy technology company and the world’s leading supplier of microinverter-based solar and battery systems. As of September 2022, its portfolio comprised of renewable energy projects with gross installed capacity of 15 GW including 8.9 GW across offshore wind. Orsted AS plans to increase its installed renewable energy capacity to 50 GW by the end of the decade, with offshore wind power accounting for 30 GW, followed by onshore with 17.5 GW. More interestingly though fossil fuel giants such as BP Plc (NYSE:BP) also invest heavily in renewable energy and found a place in our list of the largest renewable energy companies in the world. On the other hand, existing energy and utilities companies such as The Southern Company (NYSE:SO) and Duke Energy Corporation (NYSE:DUK) that are involved in renewable energy generation are also part of this list. (NASDAQ:TSLA) are involved in the development of renewable energy technologies such as inverters, silicon wafers, and battery solutions. Some of the companies in this list, such as LONGi Green Energy Technology, Enphase Energy, Inc. We have picked the top 15 companies based on their market capitalization that are involved in the propagation of renewable energy resources. If all the concerned parties fulfill their pledges, renewable energy will account for 80% share of the global supply. Based on the Announced Pledges Scenario presented by the IEA which considers the pledges made by governments and corporations across major nations, the global electricity demand is expected to reach 53,810 TWh by 2030, with global supply reaching 61,268 TWh over the same period. The demand for electricity is expected to increase further with the shift toward electric vehicles, and global population, among other factors. Global installed solar power capacity reached 855 GW, while global wind power capacity reached 823 GW by the end of the year. According to the World Energy Outlook 2022 published by the International Energy Agency, electricity accounts for nearly 20% of the world’s final consumption of energy.Īccording to the World Energy Review 2022 report by Eni, solar and wind share increased by 1 percentage point y-o-y to 10% of total power generation, in 2021. It plays an important role in the daily lives of individuals all across the world from powering daily use electrical appliances to heating and cooling, depending on the weather conditions. To skip our analysis of the recent market trends, you can go directly to see the 5 Largest Renewable Energy Companies by Market Cap.Įlectricity is one of the major sources of energy especially for residential consumers. In this article we will take a look at the 15 largest renewable energy companies by market cap.
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