Published on 6 Oct 2023 on Insider Monkey via Yahoo Finance
Top 20 Renewable Energy Companies in the World
This article covers the Top 20 Renewable Energy Companies in the World. You can skip this part and click Top 5 Renewable Energy Companies in the World.
According to BDO Global, by 2024, nearly one-third of the world's electricity is expected to come from renewable sources. Solar power will account for almost 60% of this growth, or at least 697 gigawatts. Onshore wind (309 GW), hydropower (121 GW), offshore wind (43 GW), and bioenergy (41 GW) will follow.
Plummeting production costs, mounting concern over climate change, evolving global energy policies, and heightened investor pressure on companies to adopt environmental, social, and governance (ESG) policies are propelling renewable energy into the mainstream. Consequently, the industry has had to develop innovative solutions to combat the growing change.