Countries across the world are shifting towards the use of renewable energy sources. They want to reduce harmful emissions and protect the planet. Because the concerns of environmental degradation are forever growing. Therefore, it’s extremely important for everyone to act and choose companies that support renewable energy. Recently, International Energy Agency (IEA) stated that the existing power sources must be decarbonized at a faster pace. So it’s time for everyone to start doing their bit.
We will suffer increasing consequences if we continue to abuse power sources based on fossil fuel. These consequences will have some drastic effects on all living beings. Not just humans! Therefore, it is necessary to generate power from renewable energy sources that are free of emissions.
There are many companies involved in the generation of power from renewable sources already. And the good news is it’s becoming more popular every day! These companies are trying to protect against the disastrous effects of climate change. So they’re extremely valuable. Here are the top five among them:
1. NextEra Energy
NextEra is one of the top 25 companies listed by Fortune magazine for innovation and global impact. It has affiliated entities and together they are the largest generator of renewable energy. Which comes from the wind and sun.
NextEra Energy has been growing its business of green energy steadily over the last few years. The company has a power generation capacity of more than 21,000 megawatts! Throughout the United States and Canada.
2. Canadian Solar
The company was founded in the Canadian province of Ontario in 2001. And they specialize in the generation of solar power. They also manufacture solar PV modules and provides support for the installation of solar energy.
Canadian Solar has delivered solar modules of more than 40 gigawatts worldwide. Since 2015, the annual revenue of this company has averaged more than $3 billion. This has made it one of the largest solar power companies in the world today!
Headquartered in Taiwan, this company was founded as Motech Industries Inc in 1981. In 2007 they were ranked as the world’s 6th largest manufacturer of solar cells. They previously specialized in the design and manufacture of instruments. Which was used for testing and measurement.
In 1999, they entered into solar cell production. And then went on to become Taiwan’s largest solar cell manufacturer. The company has also won several awards, including the 2019 Taiwan Excellence Award.
4. Vestas Wind Systems
The roots of this company date back to the late 19th century. During this time, it was a blacksmith shop in West Jutland bought by Hand Smith Hansen. West Jutland is a continental portion of Denmark. In 1945, his son Peder Hansen founded Vestas as Vestjysk Stalteknik A/S.
More than two decades later, it entered the wind turbine industry. From the year 1989, it began producing wind turbines exclusively. Today, the installed wind capacity of Vestas is much more than 115 gigawatts.
5. First Solar
The first solar company is ranked among the fastest-growing technology companies in America by Forbes in 2011. And its popularity has continued to grow since being founded in 1990! The headquarters is in Arizona and they own large solar plants with active projects across the globe.
They produce solar energy with a process that requires the least amount of energy inputs. It became the first solar panels manufacturer to lower its cost of manufacturing to $1 per watt in 2009.