- Wind energy companies produce electrical energy from the wind. It is believed the sector’s worth will rise to $132 billion by 2030.
- Spanish-owned Iberdrola has the largest revenue on our list at $32.8 billion. It is also the second-largest wind energy company on the globe; 79% of its energy comes from renewable sources such as wind.
- At the other end of the spectrum lies Akuo Energy with $286 million in revenue. This organisation mainly obtains its energy from power from wind, sun, water, and biogas.
Discover profiles of the 12 largest wind energy companies in the world and what they do in the renewable energy sector in this informative guide.
In the last decade, the push for domestic and international energy markets to use renewable sources of energy has led to massive growth in wind energy production. The global wind energy market is now worth at least $77 billion and energy sector analysts expect this to climb to a value of at least $132 billion by 2030.
Wind energy companies generate electricity from the movement of the rotor blades of wind turbines by the wind. A generator then converts this kinetic energy into electricity that can be fed into domestic or international energy grids. Demand for wind energy is increasing globally because governments and business leaders consider using wind for electricity generation sustainable, with a low environmental impact compared to conventional fossil fuel energy sources.
In this article, we share the 12 largest wind energy companies in the world, and what they do. Read on for an informative profile of global wind companies whose activities span wind turbine manufacture, wind farms, and international investment in wind energy.
#1 Vestas – Revenue: €12.147 billion
Vestas Wind Systems A/S, originally a Danish electrical equipment company, is now the world’s largest producer, installer, and servicer of wind turbines, operating globally. It has named itself “the most sustainable company in the world”.
- Headquarters location: Aarhus, Denmark
- Publicly traded as VWS (Nasdaq Copenhagen)
- Founding: 1945 by Peder Hansen
- Current CEO: Henrik Andersen (Group President)
- Revenue: €12.147 billion (2019)
- Number of employees: over 29,000
- Website: www.vestas.com
- Social media: www.linkedin.com/company/vestas
Vestas is a global wind turbine company that leads the market in the design, manufacture, installation, development, and servicing of wind turbines. To date, they have installed wind turbines that generate over 157 gigawatts of power in over 88 countries and five continents.
History of Vestas
Vestas was founded in 1945 Vestjysk Stålteknik A/S by Peder Hansen, whose family had operated as blacksmiths for at least 40 years prior. The company manufactured a variety of metal household appliances, later moving to cooling devices and hydraulics. Vestas produced its first wind turbine in 1979, producing them exclusively within 10 years of entering the market. In 2003 Vestas merged with wind turbine manufacturer NEG Miconto creating the world’s largest wind turbine manufacturer.
Wind energy generation has been the core competence of Vestas for over 40 years. As wind energy has come to the fore as a low-emission, renewable energy source, Vestas has grown its market share and is a keen advocate of societal electrification. In some countries, this has proved controversial as Vestas has found itself implicated in tribal disputes over land used for wind farms in Kenya.
#2 GE Wind Energy – Revenue: $10.4 billion
GE Wind Energy is part of GE Renewable Energy, a subsidiary of General Electric Company. GE Wind Energy is the world’s fourth-largest wind turbine manufacturer, providing onshore and offshore wind generation solutions to the international market.
- Headquarters location: Fairfield, Connecticut, U.S.
- Publicly traded as GEC (NYSE)
- Founding: 1980 by James Dehlsen
- Current CEO: Pete McCabe (Onshore Wind) & John B. Lavelle (Offshore Wind)
- Revenue: $10.4 billion (2020)
- Website: https://www.ge.com/renewableenergy/wind-energy
- Social media: www.linkedin.com/company/gerenewableenergy/
GE Wind is a leading supplier of wind turbines with more than 49,000 turbines installed and a portfolio of wind energy solutions that span onshore and offshore renewable energy generation. They also provide development services, operations, and maintenance for large wind turbine fleets. Their turn-key approach to renewable energy projects includes the development and implementation of solutions for delivering the energy generated by wind turbines to where it is needed.
History of GE Wind Energy
GE acquired the wind energy developer Zond which started in the 1980s and had been operating as Enron Wind. When Enron went bankrupt in 2002, GE purchased Enron Wind and a German turbine manufacturer, Tacke Windtechnik. The acquisition of Enron Wind included a valuable patent for variable-speed systems that helped GE grow its market share. GE Wind used the Tack Windtechnik manufacturing infrastructure to produce its turbines in Germany. Further acquisitions under the GE umbrella include ScanWind and Wind Tower Systems LLC which produced the wind turbine towers.
GE operates globally, with its turbines installed in over 35 countries with up to 62 gigawatts of capacity. GE wind is the designer of the world’s largest wind turbine known as the Haliade-X. This 14 MW turbine, with a 220-meter rotor, is currently being tested at the GE facilities in Blyth, England.
#3 Guodian United Power – $ 27.315 Billion
Guodian United Power is a Chinese State-owned wind turbine developer, manufacturer, and power company. It is a subsidiary of China Guodian Corporation, one of the five largest power producers in China. They produce wind turbines with capacities up to 6 MW along with turbine generators, and other energy sector-related equipment.
- Headquarters location: Beijing
- Founding: 1994
- Current CEO: unknown
- Registered capital of 313 million Yuan
- Revenue $ 27.315 billion (2017)
- Number of employees: over 10,000
- Website: www.cccme.cn/shop/cccme10501/introduction.aspx; www.gdupc.com.cn
- Social media: www.linkedin.com/company/guodian-united-power/
Guodian United Power is a wind energy company that is owned by the Chinese state and headquartered in Beijing, China. It is comprised of two subsidiaries with manufacturing plants in Baoding and Lianyungang. It offers turnkey wind turbine design and manufacturing with ongoing services and support. They currently produce a 1.5 MW joint German design wind turbine along with generators, gearboxes, and other critical components.
#4 Suzlon – Revenue: $520 million
Suzlon is an Indian wind turbine manufacturer. It operates internationally and was at one point the world’s fifth largest manufacturer of wind turbines. It is headquartered in Pune, India.
- Headquarters location: Hadapsar, Pune, Maharashtra, India
- Publicly traded as SUZLON (NSE)
- Founding: 1995 by Tulsi Tanti
- Current CEO: Ashwani Kumar
- Revenue: $520 million (2019)
- Number of employees: over 8,000
- Website: www.suzlon.com
- Social media: https://twitter.com/suzlon
Suzlon Group is one of India’s leading developers and manufacturers of renewable energy solutions. They operate globally with a presence in 17 countries spanning five continents, with 17,000 MW of capacity. They invest heavily in R&D to deliver wind turbines and generators with optimized yields with robust and reliable performance.
History of Suzlon
Suzlon began as one man’s solution to energy instability in his textile manufacturing business. Tulsi Tanti (now chairman) started building wind turbines to provide electricity for his factory. The success of this project led to him starting Suzlon Energy and providing turbines for other businesses, with funding from banks. By 2003, Suzlon had sold wind turbines for projects in the US and began producing rotor blades in America, with expansion to Beijing. Suzlon also grew by vertical acquisitions, to manufacture components like gearboxes.
The financial crisis of 2009 impacted the profitability of Suzlon, which then began an extensive debt and restructuring program. However, the company has bounced back with fifteen manufacturing facilities across the world.
Suzlon specializes in high-yield wind turbines with a low lifecycle cost. One of their leading turbine designs is a 140-meter all-steel lattice-tubular tower wind turbine that is designed for low wind sites. Suzlon also undertakes operations maintenance and servicing with SCADA-based monitoring of fleets and wind farms to maintain performance.
#5 Goldwind – $3.9 billion
Xinjiang Goldwind Science & Technology Co., Ltd. (Goldwind) is a Chinese wind turbine manufacturer that is based in Beijing. Prior to 2007, it was state-owned.
- Headquarters location: Beijing
- Publicly traded on the Hong Kong Stock Exchange
- Founding: 1998 by Wu Gang
- Chairman: Wu Gang
- Revenue: $3.9 billion (2016)
- Number of employees: over 6,000
- Website: https://www.goldwind.com/en/
- Social media: https://www.linkedin.com/company/goldwind
Goldwind is one of China’s largest renewable energy companies. It is focused on the R&D, manufacturing, and installation of wind turbines of up to 3 MW. It also manufactures generators and provides wind power technology services. Goldwind is multinational and operates across six continents. It has installed onshore and offshore wind turbines with a total capacity of 38 gigawatts. Subsidiary companies have completed over 500 MW of turbine installations in the United States.
History of Goldwind
Goldwind was originally founded as Xinjiang Wind Energy using a $3.2 million grant from the Danish government. The grant was used to build China’s first wind farm, which opened in 1989. The current company was founded by Chinese Communist Party member Wu Gang as part of a government program. It was state-funded to open its first manufacturing plant and operated under a technology transfer agreement with German turbine manufacturer, Vensys, in 2008. Goldwind subsequently became majority owned by Goldwind. With state funding, Goldwind grew to become the world’s largest wind turbine manufacturer in 2015 (later overtaken by Vestas).
Goldwind is known for its near-exclusive use of Permanent Magnet Direct-Drive (PMDD) wind turbine technology. Their close commercial partnership with Vensys provides significant design and engineering support.
#6 NextEra Energy Resources – $19 billion
NextEra Energy Resources (NEER) is a subsidiary of NextEra Energy Inc. and the world’s largest generator of renewable energy from wind and sun. It has over 34 gigawatts of renewable energy generation capacity and it’s parent company NextEra is the largest electric utility holding company in the US and Canada.
- Headquarters location: Juno Beach, Florida
- Publicly traded as NEE (NYSE)
- Founding: 1998 by Wu Gang
- CEO: James L. Robo
- Revenue: $19 billion (2019)
- Number of employees: over 14,000+
- Website: https://www.nexteraenergy.com/
- Social media: https://twitter.com/nexteraenergy
NextEra Energy Resources owns significant interests in wind, with facilities in 21 states (Texas and the Midwest) and 4 Canadian provinces. They have Power Purchase Agreements (PPA) with large companies, including Google Energy, and AT&T. As of 2018, NextEra Energy Resources owned 113 wind projects, producing over 12,800 MW. One of the largest wind projects owned by NextEra Energy Resources is the Capricorn Ridge Wind Energy Center in Sterling County and Coke County, Texas which produces 662.5 MW of electricity annually.
History of NextEra Energy Resources
NextEra Energy Resources is a subsidiary of NextEra which was originally the Florida Power & Light Company (founded in 1925) and later FPL Group Inc. (1984). FPL Group Inc changed its name to NextEra Energy in 2010.
A number of scandals have affected the wind energy operations of NextEra Energy Resources including being implicated in the deaths of over 150 eagles for which NextEra was fined millions of dollars. They also received a cease and desist order from the Oklahoma state authorities for constructing a wind farm in violation of state laws.
#7 Nordex – $3.6 billion
Nordex SE is a Northern European company that designs and manufactures wind turbines. Headquartered in Rostock, Germany, its global operations include manufacturing plants in Germany, China, India, Brazil, Mexico, and the US. It is recognized as one of the largest wind turbine manufacturers and delivers wind turbines that are high-yield, cost-efficient, and suitable for a range of geographical and climatic conditions.
- Headquarters location: Rostock, Germany
- Publicly traded as ISIN: DE000A0D6554 (Frankfurt Stock Exchange)
- Founding: 1985
- CEO: José Luis Blanco Diéguez
- Revenue: $3.6 billion (2017)
- Number of employees: over 9,000+
- Website: https://www.nordex-online.com/en/
- Social media: https://www.linkedin.com/company/nordex/
Nordex is one of Europe’s largest wind energy companies. Its expertise is in the production and management of onshore wind turbines. It is a growing company with more than 9,000 employees and offices in over 30 countries globally. Nordex’s current focus is on wind turbines in the 6+ MW class.
History of Nordex
Nordex was founded in Give, Denmark in 1985, later moving to Hamburg and Rostock in Germany. In 1995 Nordex was the first to launch mass-produced 1 MW wind turbines. By 2000, Nordex was manufacturing 2 MW turbines and later launched the first 4 MW wind turbine in 2017. In 2016, Nordex acquired Acciona Windpower, a Spanish wind turbine manufacturer.
Nordex continues to develop its competitive product portfolio to meet the demands of its diverse client base which includes large utilities and SMEs wind farms. This company also supports customers to optimize their energy production costs long-term through development, maintenance, and servicing over the entire operational lifecycle of its turbines.
#8 Inox Wind Ltd – $1.37 billion
Indian wind energy company Inox Wind Ltd is a subsidiary of the Inox Group and a manufacturer of wind energy products including turbines, rotor blades, towers, and generators. It is based in Noida, India.
- Headquarters location: Noida, Uttar Pradesh, India
- Publicly traded as INOXWIND (NSE)
- Founding: 2009
- Director: Devansh Jain
- Revenue: $1.37 billion
- Number of employees: over 9,000
- Website: https://www.inoxwind.com
- Social media: https://mobile.twitter.com/inox_wind_ltd
Inox Wind Ltd. provides comprehensive wind energy solutions that combine the manufacture of wind turbine generators with services that include:
- Site acquisition
- Wind resource assessment
- Infrastructure projects
- Wind turbine installations
- Long-term maintenance
Inox Wind manufactures wind turbines in facilities in Gujarat (blades and towers), Himachal Pradesh (hubs and nacelles), and Madhya Pradesh (blades). Its newest facility in Madhya Pradesh is one of Asia’s largest wind energy manufacturing facilities and employs at least 5000 people. Inox Wind’s engineering expertise is used to build high-yield turbines for low-wind sites which are common in India. Inox Wind serves clients that include utility companies, corporates, and retail investors.
History of Inox Wind Ltd
Inox Wind was first incorporated in 2009 after entering into license agreements for wind turbine technology with AMSC and WINDnovation. In 2010, Inox’s plant commenced production with its first turbines, which were installed in Tamil Nadu. Later, Inox began to build rotor blades and tubular steel towers, creating wind farms of more than 50 MW in Gujarat. By 2013, Inox Wind produced over 400 MW of wind energy capacity across several Indian states.
Inox Wind provides clients with either a turnkey solution or an equipment supply model. The turnkey package takes complete care of wind energy generation at a site including commissioning, installation, and ongoing operations and maintenance for the site. Alternatively, Inox can provide clients with wind turbines or individual components to be installed and operated by the client.
#9 Iberdrola – $32.8 billion
Spanish conglomerate Iberdrola is the world’s second-biggest producer of wind power and the world’s third-largest electricity company. It has subsidiaries in countries that include the United Kingdom, United States, Nigeria, Brazil, Mexico, and Portugal. It owns and maintains large inshore and offshore wind farms in the UK, US, and Spain. New offshore wind energy installations are in progress in the Baltics.
- Headquarters location: Bilbao, Spain
- Publicly traded as BMAD (IBE)
- Founding: 2001
- Chairman and CEO: José Ignacio Sánchez Galán
- Revenue: $32.8 billion
- Number of employees: over 39,000
- Website: https://www.iberdrola.com/home
- Social media: https://www.linkedin.com/company/iberdrola/
Iberdrola has cornered the market on wind power, becoming the world’s largest owner/operator of wind farms. In 2021, they reported and installed an operating wind power capacity of over 55, 000 MW and generated 42,951 GWh of electricity from wind power within a year. Iberdrola is focused on the transition to renewable energy and has increased investment in this sector year on year. It currently generates 79% of its electricity using renewable sources like wind.
History of Iberdrola
Iberdrola Renovables has held the wind energy interests of Iberdrola since 2001 and July 2011 when the parent company bought out its minority shares. It currently functions as the renewables part of the company. The parent company goes back at least 170 years, starting in the United States as The Hartford City Light Company in 1840. The initial focus of the company was the generation of hydroelectricity, later mergers and acquisitions added expertise in nuclear energy and secures global spread. From 2006 onwards Iberdrola has invested heavily in renewables with 8,700 MW of wind energy presently under construction.
Iberdrola wind farms are part of its Renewable Energy Operations Centers (CORE). The centers, based in Toledo, Portland, and Glasgow, generate electricity for Iberola energy subsidiaries and control renewables-related substations across the globe.
#10 EDP Renewables North America – $931.19 million
EDP Renewables North America is one of the largest American wind companies. It is the North American arm of EDP Renewables, the Spanish parent company. Based in Houston, Texas, they survey, acquire, build, and operate wind farms across North America. They have grown their wind farms through multiple acquisitions of existing wind farms.
- Headquarters location: Houston, Texas, United States
- Publicly traded as EDPR (ELI)
- Founding: 1998
- CEO: Miguel Stilwell de Andrade
- Revenue: $931.19 million
- Number of employees: 675 (2019)
- Website: https://www.edpr.com/north-america/
- Social media: https://www.linkedin.com/company/edp-renov-veis/
EDP Renewables North America is the fourth-largest wind developer in the United States. It operates 58 wind farms and along with its solar parks generates over 8,200 MW of electricity, powering up to 3 million US homes. Their wind farms span 14 US states, including Iowa, Kansas, Minnesota, Nevada, New York, and Texas.
History of EDP Renewables North America
EDP Renewables North America was founded in 1998 as Zilkha Renewable Energy. Its first operational project was Madison Wind Farm, which was New York’s first utility-scale wind project.
In 2005 Zilkha Renewable Energy was bought out by Goldman Sachs and became Horizon Wind Energy. By 2007, EDP Renewables purchased it, to become EDP Renewables North America.
EDP Renewables North America developed Meadow Lake Wind Farm, one of the largest wind farms in the world. They have also developed extensive energy storage facilities to ensure that the captured wind power is available to customers 24 hours per day, whatever the weather.
#11 Akuo Energy – Revenue: $286 million
Akuo Energy SAS is an alternative energy company that sources power from wind, sun, water, and biogas. It operates globally and has over 900 MW of wind energy capacity, with additional projects under construction.
- Headquarters location: Avenue des Champs Elysees Paris, France
- Publicly traded as EDPR (ELI)
- Founding: 2007 (Eric Scotto and Patrice Lucas)
- President:Eric Scotto
- Revenue: $286 million
- Number of employees: 500+
- Website: https://www.akuoenergy.com/en/wind
- Social media: https://www.linkedin.com/company/akuo-energy/
Akuo Energy has an international portfolio of 20 wind farms in locations that include Uruguay, Croatia, Montenegro, and the US. Wind power is a substantial share of Akuo’s energy generation, and accounts for over two-thirds of its in-service capacity.
History of Akuo Energy
Akuo Energy was founded in 2007 by Eric Scotto and Patrice Lucas. The name “Akuo” is derived from the Japanese “Hakuhō” a notable era of Japanese culture. By 2009 the group had raised capital to commission its first electricity production plant, in Réunion. They further diversified into solar power, and wood biomass, commissioning the Kogeban power plant in Picardy in 2013.
Akuo Energy’s first wind farm, in Montenegro, was commissioned in 2017. A 150 MW capacity wind farm in the United States followed, and a further 50MW wind farm in the Dominican Republic in 2019. The company is continuing to expand its portfolio of wind projects.
Akuo works with Vestas and other wind generation equipment makers to build its wind farms. It chooses its suppliers on a project-by-project basis, carefully evaluating the regional expertise of the supplier and the performance of its turbines on the wind farm’s terrain.
#12 Greencoat UK Wind – Revenue: $498 million
Greencoat UK Wind is an investment company that finances the operation of wind farms on behalf of a variety of stakeholders. With over 6 billion in assets under management, it is one of the world’s largest investment managers that is solely concerned with renewables like wind.
- Headquarters location: London
- Publicly traded as UKW (LSE)
- Founded: 2009
- President: David Boyce
- Revenue: $498 million
- Website: https://www.greencoat-ukwind.com/
- Social media: https://www.linkedin.com/company/greencoat-uk-wind-plc/about
Greencoat UK Wind is a global specialist in the acquisition and operation of wind farm portfolios on behalf of its investors. Greencoat has a team that is comprised of engineers with a strong background in renewables, grid, and utilities along with financiers to ensure that they appropriately manage the technical complexities of managing wind farms.
History of Greencoat UK Wind
Greencoat UK Wind was founded in 2009. It has since built up a portfolio of just under 200 wind farms across the UK, Europe, and the US with an energy generating capacity of over 3 gigawatts.
Summary of The 12 Largest Wind Energy Companies In The World
|1||Vestas – Revenue: €12.147 billion|
|2||GE Wind Energy – Revenue: $10.4 billion|
|3||Guodian United Power – $ 27.315 Billion|
|4||Suzlon – Revenue: $520 million|
|5||Goldwind – $3.9 billion|
|6||NextEra Energy Resources – $19 billion|
|7||Nordex – $3.6 billion|
|8||Inox Wind Ltd – $1.37 billion|
|9||Iberdrola – $32.8 billion|
|10||EDP Renewables North America – $931.19 million|
|11||Akuo Energy – Revenue: $286 million|
|12||Greencoat UK Wind – Revenue: $498 million|
Interested in more articles on sustainable energy? Click on the links provided below:
- Switzerland Now Has A ‘Water Battery’ Equivalent to 400,000 Teslas: It’s a battery, but not as you know it. Highly efficient with a 900MW capacity, it’s also rather profitable, too. Click on the link to find out about this system of reservoirs high in the Swiss Alps.
- What Are Water Batteries and How Do They Work? The first of them was made almost a century ago in Connecticut, and right now their popularity is growing. But how do these outsized batteries actually function? Click on the link to find out.
- Aptera Motors: Guide to the Solar Electric Vehicle Manufacturer: Using aerodynamic design and in-built solar power, this manufacturer aims to create vehicles unlike any seen to date. Find out what makes its offerings extra special.
The image featured at the top of this post is ©TebNad/Shutterstock.com.