The world’s leading renewable energy companies are competing for the top spot in Renewable Portfolio Standard (RPS) rankings. An RPS is a government mandate that requires a certain amount of renewable energy be generated and used to meet a percentage of a state or country’s energy demand.
There are currently 29 states, as well as the District of Columbia and Puerto Rico, with RPS laws in place in the United States. These states have set goals for renewable energy generation by a certain date. The RPS rankings take into account a company’s production of renewable energy and its ability to meet the requirements of these RPS laws.
In the United States, several companies have risen to the top of the RPS rankings, including NextEra Energy Resources, which is the country’s largest producer of wind and solar energy and has a portfolio of more than 23,000 MW of wind and solar assets. Other top companies include Duke Energy Renewables, EDF Renewables, and Invenergy.
However, globally, many other companies are competing for the top spot in the RPS rankings. One of these companies is Enel Green Power, a subsidiary of Enel, which produces electricity from a variety of renewable sources including wind, solar, hydroelectric, and geothermal. Enel Green Power has a total capacity of over 40 GW and operates in 30 countries worldwide.
Another major competitor in the RPS rankings is Canadian-based company Brookfield Renewable Partners, which operates hydroelectric, wind, and solar power plants across North and South America, Europe, and Asia. The company has a generating capacity of over 19,000 MW and is actively expanding its renewable energy portfolio.
Large energy companies such as General Electric and Shell have also entered the renewable energy market and are making significant investments in wind and solar energy projects. GE Renewable Energy has a diverse portfolio of products including wind turbines, hydroelectric generators, and solar inverters, while Shell recently acquired renewable energy company EOLFI and is planning to invest heavily in offshore wind power.
As the demand for renewable energy continues to grow, these companies are likely to continue to expand their renewable energy portfolios and compete for the top spot in the RPS rankings. This competition is driving innovation and investment in renewable energy technologies, which is good news for the planet as we work towards a more sustainable future.