Today we are going to learn about the 5 Biggest Renewable Energy Companies and Stocks, based on Insider Monkey’s latest article. Renewable energy industry is among the fastest growing and most lucrative industries in the world. according to Insider Monkey’s research, electricity generation from renewable energy in 2021 will boost to 21% from 20% in the year of 2020. Consequently, renewable energy stocks are continuously increasing. Last year it grew 233%.
But now without any further ado, let’s see more about the largest renewable energy companies? Then keep up reading as we are showing you three of them right now. Ørsted A/S (CPH: ORSTED.CO) ranks the fifth on the spot. As of 2019, the company’s total revenue was $10,939 million, total profits were $1,077, and the company had 6,526 employees. Ørsted was established only 14 years ago, but it has reached fairly large success in the industry. Corporate Knights Global 100 Index named the company as the topmost sustainable energy company across the globe for three consecutive years. The company is based in Denmark, and is also the biggest energy company inland, it provides wind power, thermal power, bioenergy and customer solutions and distributions. Ørsted is followed by Siemens Gamesa Renewable Energy, S.A. (MCE: SGRE.MC) on the fourth spot. As of 2019, the company’s total revenue was $12,370.5 million, total profits were $169.34, and the company had 24,500 employees. The company was launched after Gamesa and Siemens Wind Power emerged. Siemens Gamesa now is a German-Spanish wind engineering firm. The company was appreciated by the Sustainability Yearbook compiled annually by S&P Global Inc., as it made large efforts to achieve and promote sustainability. Vestas Wind Systems A/S stands on the second spot of the compilation. As of 2019, the company’s total revenue was $14,696 million, total profits were $77.8, and the company had 25,000 employees. The total assets were $17,334 million. Vestas Wind Systems was established 76 years ago, and it operates in manufacturing, selling, installing and servicing wind turbines. It has already installed +122 GW of wind turbines in more than 82 countries all over the world. Also the company produces wind turbines and sell them, additionally it offers spare parts as well. For more information about the biggest renewable energy companies and stocks, please click and jump to see the original article.