World Largest Renewable Energy Company – Governments, businesses and individual consumers are increasingly looking to alternative and sustainable energy sources beyond fossil fuels as signs of climate change intensify. Although solar and other alternative energies are often more expensive or difficult to produce compared to traditional fossil fuels, they have the main advantage of leaving a significantly smaller environmental footprint. Companies trying to capitalize on the growing demand for solar energy have had varying degrees of success.
These are the largest solar companies by 12-month (TTM) revenue. This list is limited to companies that are publicly traded in the United States or Canada, either directly or through ADRs. But the solar industry is largely based and traded outside of these countries, so excluding many companies would not adequately represent the industry. All four companies on our list technically have ADRs, but they sell so little that they aren’t worth buying. These are GCL-Poly Energy Holdings Ltd. (GCPEF), Xinyi Solar Holdings Ltd. (968), Yingli Green Energy Holding Co. Limited. (YGEHY) and SMA Solar Technology AG (S92). Some foreign companies may report every six months and therefore may have longer lead times. Almost all data is courtesy of YCharts and is as of September 11, 2020, unless specifically derived from other sources.
World Largest Renewable Energy Company
Some of the underlying shares are only traded in the US (OTC), not on exchanges. OTC stock trading often has higher trading costs than stock trading on exchanges. This may reduce or even exceed potential returns.
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JinkoSolar is a Chinese holding company that produces solar cells, modules and other materials related to solar energy. It is among the top producers of solar panels worldwide in terms of gigawatts (GW) delivered. The company serves clients in China, the United States, Europe, the Middle East and South America.
Canadian Solar Inc. It is a developer of solar products that designs, builds and sells modules for residential, commercial and industrial applications. The company’s products include solar modules, inverters and system kits.
First Solar offers solar panels, photovoltaic power plants and related services such as construction, maintenance and recycling of these products. The company uses thin-film semiconductor technology to achieve higher efficiency and durability in solar modules.
GCL-Poly Energy Holdings is a Hong Kong company that manufactures polysilicon for use in solar energy products. The company also operates cogeneration plants in China.
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SunPower designs and manufactures silicon photovoltaic cells and related solar cells. The company provides solar energy products and related services to customers around the world.
SolarEdge Technologies builds and distributes equipment and technology for photovoltaic panels. The company offers optimization services and monitoring solutions for solar systems. SolarEdge products include monitoring equipment, optimizers and inverters. The company is based in Israel.
China’s Xinyi Solar Holdings manufactures solar glass. The company is engaged in R&D, production, technical sales and similar services. Xinyi is a holding company that offers its products and services through subsidiaries serving customers around the world.
Yingli Green Energy Holding Co. is a holding company that researches, designs, builds and sells solar modules through its subsidiaries. The company is based in China.
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The German company SMA Solar Technology manufactures a wide range of solar power equipment, including solar inverters and AC converters. The company serves clients all over the world.
Atlantica Sustainable Infrastructure sells solar energy products as well as transportation and transmission systems for various energy sources. Atlantica also owns and operates natural gas fields.
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The offers shown in this table are from companies that receive compensation. This offset can affect how and where listings are displayed. does not include all offers on the market. NRG Energy and MidAmerican Solar announced the completion of Agua Caliente, the world’s largest solar plant at 290 megawatts. The Arizona facility sells clean energy to Pacific Gas & Electric Company under a 25-year power purchase agreement. (Photo: Business Wire)
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CARLSBAD, Calif. & PHOENIX–( BUSINESS WIRE )–NRG Energy, Inc. (NYSE:NRG) announced through its wholly owned subsidiary NRG Solar, along with its partner MidAmerican Solar, that they have completed the full acquisition of Agua Solar Hot. Photovoltaic Facility, a 290 megawatt (MW) solar facility located on 2,400 acres of land between Yuma and Phoenix, Arizona. The electricity produced by the resort is sold to a maximum capacity of 230,000 households. Pacific Gas & Electric Company (PG&E) under a 25-year power purchase agreement.
“Large-scale utility achievements like our Agua Caliente project raise the bar for our technology and clean energy production,” said NRG Solar President Tom Doyle. “Showing that we can build the largest solar thermal facility in the world, and now one of the largest solar facilities in the world, furthers NRG’s mission to reshape the energy landscape, which is hugely beneficial to both the economy and the way we that we produce and consume energy. Whether it is partnership, development or investment, NRG will provide a wide range of solutions and technologies to achieve America’s ultimate goal of providing affordable and reliable clean energy for all.”
The Agua Caliente project uses clean solar energy to prevent the release of approximately 324,000 tons of carbon dioxide into the atmosphere per year, the equivalent of taking almost 70,000 cars off the road. The creation of 400 jobs during the construction of the project boosted the local economy and benefits the environment by producing clean and renewable energy. The project received a $967 million loan from the US Department of Energy’s Office of Loan Programs.
“In 2012, our company committed to investing in its first large-scale solar project to drive economic development, demonstrating our commitment to the environment,” said Richard Weech, chief financial officer of MidAmerican Renewables, which oversees the operations of MidAmerican. Sol. “It is exciting to see this project fully operational and begin to reap all the benefits of saving emissions with the clean energy generated in Agua Caliente.”
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The Agua Caliente Solar Project was named Solar Project of the Year by Renewable Energy World, a leading industry magazine, and PV Project of the Year by Solar Power Generation USA, the industry’s leading utility-scale solar conference.
Agua Caliente is the largest of 10 utility-scale solar plants in three states in which NRG has ownership interests. Agua Caliente is owned by NRG and NRG Yield, Inc. (NYSE: NYLD) is also one of NRG’s assets subject to an initial public offering agreement between its publicly traded subsidiary. The project was designed and built by First Solar, Inc. using its advanced thin-film solar modules and will operate and maintain the NRG and MidAmerican Solar facilities.
NRG is leading a customer-driven reinvention of the US energy industry that provides cleaner, smarter energy options, and solar energy is a great resource for a more sustainable (and affordable) lifestyle. From the world’s largest solar projects to professional sports stadium roofs, custom canopies and parking garages, NRG Solar’s innovative solutions reduce environmental impact and demonstrate the usefulness and performance of cleaner energy options to a wide audience. A Fortune 500 company, NRG creates value through reliable and efficient conventional generation while driving innovation in solar and renewable energy, electric vehicle ecosystems, carbon capture technology and customer-centric energy solutions. NRG’s retail electricity providers serve nearly three million customers across the country. More information is available at nrgenergy.com and nrgsolar.com. Connect with NRG Energy and NRG Solar on Facebook and follow us on Twitter @nrgenergy and @nrgsolar.
MidAmerican Renewables, LLC owns and operates wind, geothermal, solar and hydroelectric projects in the unregulated renewable energy market. MidAmerican Renewables is headquartered in Des Moines, Iowa, with offices in Phoenix, Arizona and Calipatria, California. Information about MidAmerican Renewables is available on the company’s website and on Twitter, Facebook and YouTube pages, www. www.midamericanrenewablesllc.com.
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MidAmerican Solar is a subsidiary of MidAmerican Renewables and is headquartered in Phoenix, Arizona. MidAmerican Solar’s projects include 550 megawatts.
Topaz Solar Farms in San Luis Obispo County, California; the 579-megawatt Solar Star project, two projects located in Kern and Los Angeles counties, California; and the 290-megawatt Agua Caliente project in Yuma County, Arizona. More information is available at www.midamericanrenewablesllc.com.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The Company’s Agua Caliente solar power project and the statements to future are generally identified by the words “will”, “expects”, “believes” and similar expressions. Although NRG believes that its expectations are reasonable, NRG cannot guarantee that these expectations have been correct and that actual results may vary materially. Factors that could cause actual results to differ materially
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