Alternative Renewable Development

Top 10 Alternative Renewable Developers in North America

5 Jul 2024

Top 10 Alternative Renewable Developers in North America

PF Nexus recognises the top 10 Alternative Renewable Energy Developers in North America

In this article, PF Nexus recognizes the contributions of the top 10 alternative renewable energy developers in North America, highlighting their role in the energy transition.

North America stands at the forefront of a global energy transformation, harnessing its vast renewable resources to power a sustainable future. With 2,460 gigawatts of renewable energy installed by 2023, the region is rapidly outpacing conventional sources, driven by growing consumer demand, technological advancements, and a shared commitment to combating climate change. The United States and Canada are leading this charge, setting ambitious targets to transition their power grids toward clean energy dominance. Renewable energy projects are flourishing, positioning North America as a trailblazer in the race against carbon emissions. With multiple pathways to achieve an 80% reduction in power-sector emissions by 2050, the region is poised to unlock a new era of energy security, economic growth, and environmental stewardship through unparalleled cooperation and innovation.

Renewable energy technologies are revolutionizing power generation and storage, offering sustainable alternatives to fossil fuels. These technologies reduce carbon emissions, combat climate change, enhance energy security, and create new economic opportunities. Hydroelectric power, one of the oldest and most widely used renewable sources, harnesses the energy of flowing water to generate electricity. Biomass energy utilizes organic materials to produce heat and electricity, while anaerobic digestion breaks down biodegradable matter to create biogas. This biogas from organic waste is a versatile fuel for heating and electricity generation. These diverse technologies are gaining popularity worldwide due to their potential to reduce carbon emissions, enhance energy security, and promote sustainable development.

Renewable energy developers drive the global transition to clean power by identifying, developing, and managing renewable energy projects. Their success lies in their ability to navigate the complex process of bringing a project from concept to reality.

The capacity of renewable energy in the world’s electricity generation mix continues to grow exponentially thanks to the collective expertise of private developers, demonstrating the immense potential of renewable energy to power a sustainable future. As the demand for clean energy continues to grow, the work of these developers will become increasingly essential in accelerating the deployment of wind, solar, hydroelectric, geothermal, and other renewable technologies.

Top 10 Alternative Renewable Developers in North America

View the full list
1

NextEra Energy Partners LP

Founded 2000USA
SolarWindOther RenewablesEnergy StorageInfrastructure & Other
Type: Developer, Investor
NextEra Energy Resources, LLC, a subsidiary of NextEra Energy, Inc., stands as a formidable force in the clean energy sector, boasting a substantial portfolio of approximately 24,600 megawatts of net generating capacity across the United States and Canada. Renowned as the world's largest producer of renewable energy from wind and solar sources, as well as a leader in battery storage, NextEra Energy Resources operates nuclear power facilities in New Hampshire and Wisconsin, contributing to emissions-free power generation. As a leading wholesale power generator, they supply a diverse mix of fuels to various entities, including utilities and industrial companies, while investing significantly in energy infrastructure projects to further expand their renewable energy footprint. With a commitment to innovation and sustainability, NextEra Energy Resources continues to shape the future of clean energy production NextEra Energy Resources.

NextEra Energy Resources is spearheading initiatives that redefine the industry's approach to environmental sustainability, leveraging its expertise in large-scale development, construction, and operation. As the world leader in sustainable energy, they offer state-of-the-art energy storage solutions tailored to meet diverse energy needs, alongside a holistic approach to energy resource distribution encompassing onsite generation, demand response, and more. With top transmission facilities, energy marketing capabilities, and an unmatched analytics department, NextEra Energy Resources remains at the forefront of innovation in the energy sector Link to NextEra Energy Resources: Why Us.
2

Lightsource BP

Founded 2010GBR
SolarWindOther RenewablesInfrastructure & Other
Type: Developer, Investor
Lightsource bp, in partnership with bp, stands as a global leader in solar development, management, and operations. For over a decade, they've actively spearheaded the transformation of the world's energy landscape through sustainable and responsible solar power. Since 2010, their commitment to deploying affordable, reliable, large-scale solar solutions has played a pivotal role in decarbonizing businesses and communities. Their rapidly growing business is driven by a relentless pursuit of innovation and learning, as they continuously invest and push boundaries to accelerate the energy transition at pace and scale. They cultivate talent from diverse sectors to fuel their mission for a low-carbon future. With a focus on long-term sustainable growth, their projects contribute to strengthening the resilience of the world around them. Lightsource BP About Page

One notable project is the Streetfields and Northfield House Solar Project, a joint endeavor by Lightsource bp, is an example of the company's commitment to advancing sustainable energy solutions. With a combined capacity of 50MW, these solar installations near Lutterworth are set to generate 54,400MWh of renewable energy annually, powering approximately 15,000 homes and saving 10,500 tonnes of carbon emissions yearly. Rigorously selected and meticulously planned, these projects underwent extensive environmental assessments and community consultations to ensure alignment with local needs and environmental considerations. Operational since December 2022, these installations now supply H&M Group business activities across the UK, showcasing Lightsource bp's dedication to driving the transition to clean energy. Streetfields and Northfield House Solar Project
3

Aquila Capital

Founded 2001DEU
SolarWindOther RenewablesInfrastructure & Other
Type: Developer, Investor
5

Ontario Power Generation

Founded 1999CAN
Other Renewables
Type: Developer
As Ontario’s largest clean electricity generator, OPG produces about half of the province’s power using our diverse portfolio of publically-owned generating assets. Our nuclear stations are the clean-power workhorses in our fleet. We rely on them to produce stable base load energy with virtually no air pollution.

To maintain these valuable assets, we have started work on Canada's largest clean energy project - the mid-life refurbishment of the Darlington Nuclear Generating Station (GS). We’re also investing in the Pickering Nuclear GS to ensure it continues safely operating until 2024.

In 2014, OPG burned its last piece of coal to make electricity. It was North America’s largest climate change action to date. We refueled two of our thermal stations with biomass, which provides Ontario with renewable, dispatchable power. It also optimized the use of existing public assets. We completed converting Atikokan GS in July 2014, and the Thunder Bay GS conversion to advanced biomass followed soon after in January 2015.

Hydroelectric power is a renewable resource that has fueled Ontario’s economic growth since the beginning of the 20th century. Today, it accounts for more than one-third of OPG’s electricity production. More than half of our hydro stations are over 80 years old, but thanks to ongoing maintenance and upgrades, they remain important contributors of clean, low-cost power in the province.

OPG works efficiently and to the highest standards of safety. We strive to deliver all projects on time and budget. We conduct all aspects of our business openly, honestly and with integrity. And we look beyond the bottom line to support the wellbeing of this province by generating power with purpose.
6

Enel Green Power S.p.A. (EGP)

Founded 2008IND
SolarWindOther RenewablesEnergy StorageInfrastructure & Other
Type: Developer, Investor
The Enel Group is dedicated to renewable energy production and management on a global scale. With a diverse energy generation mix encompassing wind, solar, hydroelectric, geothermal, and green hydrogen, their 1,200 plants span five continents, boasting an installed capacity of approximately 53 GW. Operating with a sustainable business model, they create value not just for themselves but also for the communities they serve worldwide. Constantly pursuing new projects and technological advancements, they strive to innovate in renewable energy research and production. Their ambitious goal is to foster competitiveness and sustainability while prioritizing people and the environment. They firmly believe in the transformative power of renewable sources to enhance production system competitiveness and ensure energy security. By harnessing wind, solar, water, and geothermal energy, they facilitate greater energy independence for nations while safeguarding the environment. Through customized and long-term Power Purchase Agreements, they provide clean energy solutions to businesses, empowering them to reduce emissions and embark on a sustainable path. Their commercial offerings extend beyond energy supply, encompassing additional services tailored to enhance client sustainability strategies, benefiting both stakeholders and the environment.

At the forefront of sustainable energy transition, they're dedicated to decarbonizing and electrifying energy consumption to combat climate change. Their mission, ""Enabling progress with sustainable energy"", guides their efforts in developing and operating renewable energy plants, including on-shore wind, photovoltaic, hydroelectric, and geothermal, while investing in hybridization of technologies, integration with other sectors like agrivoltaics, and innovative circular economy solutions. Additionally, they prioritize Battery Energy Storage Systems (BESS) to address intermittency, enhance grid flexibility, and ensure energy security.
Enel Green Power - Mission 2040
7

BHE Renewables, LLC

Founded 2011USA
SolarWindOther RenewablesInfrastructure & Other
Type: Developer, Investor
BHE Renewables, LLC, a Berkshire Hathaway Energy company, owns one of the largest renewable energy portfolios in the U.S. Our commitment to the environment begins with how we generate electricity. Our clean energy mix comes from wind, water, the sun and the earth’s natural heat. As part of Berkshire Hathaway Energy’s expansion into the unregulated renewables market, a primary subsidiary – BHE Renewables, LLC – was developed to oversee unregulated solar, wind, hydro and geothermal projects. BHE Renewables is headquartered in Des Moines, Iowa, with talented and dedicated employees across America.
10

Total Eren

Founded 2012FRA
SolarWindOther RenewablesInfrastructure & Other
Type: Developer, Investor
Founded in 2012 by Pâris Mouratoglou and David Corchia, Total Eren develops, finances, builds and operates renewable energy power plants (solar, wind, hydro) representing a gross capacity of 3,500 MW in operation worldwide. Through partnerships with local developers, Total Eren is currently developing numerous energy projects in countries and regions where renewable energy represents an economically viable response to growing energy demand such as in Europe, in Central and South Asia, in Asia Pacific, in Latin America and in Africa. Since December 2017, TotalEnergies, the major energy company, has been participating as a shareholder of Total Eren.

Identifying and sourcing the best Renewable Energy Investment Opportunities

Finding alternative renewable projects can be difficult. There is fierce competition to establish investment relationships with developers, so for investors, identifying promising new market entrants early and securing relationships with them, is key.

Using a renewable energy asset marketplace like PF Nexus provides a more efficient and transparent way of identifying and securing collaborations between alternative renewable developers and investors. PF Nexus is used by over 6,300 professionals from >3,000 developers, investors, and lenders, constantly on the lookout for 'the right' renewable energy investment opportunities for them.

How does it work? Simply register your account and access the platform’s live projects marketplace to search for opportunities which fit your requirements. PF Nexus allows you to filter opportunities and set up automatic alerts, so you never miss a deal. This streamlines the process, eliminating manual outreach and ensuring you are connected with the most promising deal flow.

To gain a competitive advantage for your renewable energy portfolio, get started with PF Nexus right now (takes 3 minutes).

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