At least 40% of the world's power will come from renewable sources by 2040 - here are the companies leading the charge
REUTERS/Marcelo del Pozo
The explosive growth of renewable energy has shaken up the energy industry over the last decade.
As the costs of solar and wind continue to fall and bottlenecks like storage capacity are diminished, the International Energy Agency predicts that renewable energy will comprise 40% of global power generation by 2040. In the next five years, the share electricity generated by renewables worldwide is set to grow faster than any other source.
Last week, Thomson Reuters released its inaugural Energy 100 list, which evaluates companies in the sector (both traditional and renewable) based on eight criteria, including innovation, environmental impact, social responsibility, and risk management. The top companies go "beyond the balance sheet," according to the report - in addition to their solid financials, they have created advanced sustainability programs, developed groundbreaking technologies, and benefited their surrounding communities.
Thomson Reuters created a sub-list of the top 25 renewable energy companies, which are generally smaller and younger than the energy giants on the main list. Eight of them are based in China, Hong Kong, or Taiwan.
Here are the top 13 renewable energy companies in the world:
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- Catan adds climate change to the latest edition of the world-famous board game
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- JNK India IPO allotment – How to check allotment, GMP, listing date and more
- Indian Army unveils selfie point at Hombotingla Pass ahead of 25th anniversary of Kargil Vijay Diwas
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market