Top 10: Renewable Energy Manufacturers
The global renewable energy market surged in 2024, marking a pivotal evolution in the worldâs energy transition.
Widespread adoption of solar and wind technologies continues to expand renewable generation capacity, which in turn supports global decarbonisation and plays a large part in sustainability strategies of some of the world's largest companies.
While independent power producers are driving steady progress, growth rates remain below the pace required to achieve the global ambition of tripling renewable capacity by 2030 - intensifying deployment challenges across all regions.
This list highlights some of the planetâs largest companies shaping this shift, ranked by installed capacity.
10. Plug Power
Installed capacity: 95MW
Founded: 1997
CEO: Andy Marsh
Plug Power Inc is a US-based clean energy company pioneering the advancement and commercialisation of hydrogen fuel cells and green hydrogen solutions.
With more than 69,000 fuel cell systems and 250 hydrogen fuelling stations deployed globally, the company ranks among the worldâs leading players in hydrogen energy infrastructure.
Andy Marsh, CEO of Plug Power, invested 50% of his annual salary in company stock, saying: "Our mission is to pioneer the hydrogen economy for present and future generations. Aligning my compensation with our companyâs outlook, both short and long term, is a demonstration of my confidence in our vision, our team and the value we are creating for our stakeholders.â
9. Ărsted
Installed capacity: 15.7 GW
Founded: 2006
CEO: Rasmus Errboe
Ărsted, headquartered in Denmark, is among the worldâs largest offshore wind power developers. It designs, builds, owns and operates offshore and onshore wind farms, solar projects, bioenergy facilities, energy storage systems and renewable hydrogen solutions.
Once dependent on coal, oil and gas, the company pivoted in 2010 to prioritise clean energy.
Today, it runs 12 UK offshore wind farms and is advancing its expansion plans to help achieve its ambitious target of 20-22 GW of installed offshore wind capacity by 2030.
8. First Solar
Installed capacity: 25 GW
Founded: 1999
CEO: Mark Widmar
First Solar is one of the United Statesâ leading renewable energy companies, specialising in the design, manufacture and supply of photovoltaic solar solutions.
Its technology is driven by advanced thin-film semiconductor innovation.
The business has pledged to run all global manufacturing on renewable energy by 2028, with an ambition to achieve climate neutrality by 2050.
7. Canadian Solar
Installed capacity: 30.7 GW
Founded: 2001
CEO: Dr. Shawn Qu
The Canada-based company ranks among the worldâs largest producers of solar photovoltaic modules and delivers comprehensive solar energy solutions, from energy storage to utility-scale project development.
Its operations span 23 countries, supported by more than 20 solar and energy storage manufacturing facilities across Asia and the Americas.
Yan Zhuang, President of Canadian Solar's subsidiary CSI Solar says: "In the first quarter of 2025, CSI Solar maintained profitability despite ongoing challenges in the solar market and softer storage shipments.
âWe achieved further manufacturing cost reductions through efficiency improvements in Asia and the progressed ramping of our US module facility.
âAs policy clarity emerges, we continue to be well-positioned to capitalise on growing robust demand for storage solutions globally."
6. GE Vernova
Installed capacity: 120 GW
Founded: 2024
CEO: Scott Strazik
GE Vernova spans diverse energy segments, from gas and power to wind, hydropower, grid solutions and electrification software.
The business supports an installed base of approximately 55,000 wind turbines and 7,000 gas turbines.
Its mission is to electrify and decarbonise the planet through the advancement of low-carbon technologies and solutions. Each year, it invests around US$1bn in research and development, with a clear focus on decarbonisation and electrification.
"We approach our role with an enormous sense of responsibility, knowing the world relies on us for the equipment, services, and software to produce and distribute the electricity it needs," says Scott Strazik, CEO of GE Vernova.
5. Siemens Energy
Installed capacity: 146 GW
Founded: 1847
CEO: Christian Burch
Germany-based Siemens Energy is driving progress in renewable energy, advancing solutions across solar, wind, hydropower, biomass and green hydrogen.
Its technologies help generate around 16% of the worldâs electricity.
A key division, Siemens Gamesa Renewable Energy, is a market leader in wind power and sustainable energy solutions. More than half of Siemens Energyâs portfolio is already decarbonised, with the company targeting net zero operations by 2030.
Christian Bruch, CEO at Siemens Energy, says: âBy recognising the challenges inherent in the energy transition, we can chart a realistic roadmap toward a sustainable and secure energy future.â
4. Vestas
Installed capacity: 189 GW
Founded: 1945
CEO: Henrick Andersen
Vestas, headquartered in Denmark, operates across more than 80 countries as a global leader in renewable energy.
The company focuses on the design, manufacture, installation and servicing of advanced wind turbines, driving innovations that boost efficiency and long-term reliability.
âWe are in a defining moment for Europeâs future. We need an industry and an energy source that can deliver home-grown, secure and affordable energy, while strengthening Europeâs competitiveness," says Henrik Andersen, CEO of Vestas and incoming Chair of WindEurope.
âWind energy can contribute to all of this, and now is the time for Europe to bolster its wind industry.
âThe European Commission and member states have set high targets, but this momentum must translate ambition into implementation."
3. LONGi
Installed capacity: 200 GW
Founded: 2000
CEO: Li Zhenguo
China-based LONGi stands at the forefront of solar innovation, continually advancing photovoltaic technology and setting new efficiency benchmarks.
The company has led the industryâs transformation from polycrystalline to highâperformance monocrystalline silicon products. Guided by its mission to capture the power of the sun through cuttingâedge innovation, LONGi is dedicated to making clean, sustainable energy more accessible worldwide.
It has also pledged to achieve 100% renewable energy across its global operations by 2028.
Li Zhenguo, Founder and President, says: "LONGi remains committed to a dual mission: not only delivering more clean energy globally, but also actively minimising energy consumption during its manufacturing process while transitioning toward using clean energy to produce clean energy."
2. Trinasolar
Installed capacity: 205 GW
Founded: 1997
CEO: Gao Jifan
Trinasolar is a global leader in renewable energy specialising in advanced solar photovoltaic systems and smart solar solutions.
Holding a global market share of around 11â12%, the company drives progress in clean energy technologies worldwide.
Its portfolio includes high-performance solar products and innovations such as the TrinaTracker system, which it says improves energy efficiency by 20% compared to conventional designs.
Trinasolar aims to achieve carbon neutrality by 2050 and power all manufacturing operations with renewable energy by 2030.
As a member of the Science Based Targets initiative, it is committed to limiting global warming to 1.5°C.
Delivering clean energy to more than 150 countries, the company had secured more than 2,000 patents for its innovations by the end of 2023.
Gao Jifan, CEO at TrinarSolar, says: âTrinasolar has put in place a multi-tiered business ecosystem that provides vertical solutions including products, systems and smart energy to help achieve carbon neutrality and the development of clean energy worldwide.â
1. JinkoSolar
Installed capacity: 320 GW
Founded: 2006
CEO: Xiande Li
JinkoSolar, headquartered in China, specialises in advanced photovoltaic technologies and integrated energy storage solutions.
The company designs and delivers premium solar modules and clean energy systems now powering homes and businesses across 190 countries.
Its global manufacturing footprint spans more than 10 sites located in China, the United States, Southeast Asia and the Middle East.
A consistent leader in global solar module shipments, JinkoSolar continues to set industry benchmarks through innovation and efficiency.
Aligned with its sustainability goals, more than half of its production facilities already operate on renewable energy, with a target of achieving 100% renewable power by 2025.
Xiande Li, JinkoSolar CEO, says: "Module shipments reached 17.5 GW, with revenues of US$1.91bn, for the first quarter of 2025.
âPrices across the main segments of the solar industrial chain were low in the first quarter.
âThis, combined with disruptions in demand caused by changes in international trade policies, pressured profit margins in each segment of the integrated solar supply chain.
âDespite this challenging market environment, we fulfilled our delivery commitments to customers and reduced costs through supply chain optimization, adjustments to production and operation plans and other measures."
