Top 10 Alternative Renewable Developers in North America
5 Jul 2024
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 listNextEra Energy Partners LP
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.
Lightsource BP
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
Aquila Capital
Aquila Group aims to become a global leader in sustainable investment and project development by 2030, focusing on essential tangible assets such as green energy production, sustainable infrastructure, and carbon forestry. To reinforce this mission, Aquila Group has committed to reducing 1.5 billion tonnes of CO2 emissions by 2035 across its portfolio, contributing significantly to global decarbonization efforts. Aquila Group Sustainability Engagement. In 2022, they joined SolarPower Europe, a key organization driving the Solar Stewardship Initiative (SSI), aimed at enhancing supply chain transparency and confidence in solar product manufacturing.
Mainstream Renewable Power
With its core operations in solar and wind energy develoment, the company develops and invests in renewable energy projects across Europe, Asia, Africa, and South America.
Mainstream's projects range from onshore and offshore wind farms to solar photovoltaic installations, harnessing the power of nature while minimizing environmental impact.
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Ontario Power Generation
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.
Enel Green Power S.p.A. (EGP)
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
BHE Renewables, LLC
Akuo Energy
Akuo Energy prioritizes innovation and progress in its mission to address urgent global challenges like climate change and sustainable food production. Drawing from diverse experiences, they develop tailored solutions that generate significant societal benefits while fostering agility and adaptation across regions and cultures.Our Purpose - Akuo Energy. Their commitment lies in developing technologies tailored to diverse contexts, ensuring their projects have a positive impact while harmonizing with their surroundings.
Enel Group
Their aim is to achieve complete decarbonization by 2040, with a proactive approach to reducing coal reliance. Originally planned for closure by 2030, all coal-fired plants will be shut down ahead of schedule, by 2027. They are committed to leading the transition towards a fully decarbonized society, providing stakeholders with access to renewable energy for sustainable living. https://www.enel.com/company/services-and-products
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).