# Renewable Power

Solar, wind and hydro producers and equipment.

Theme: Clean energy (Energy and resources). Page: https://thematiq.io/themes/clean-energy/renewable-power/

## Key facts

- **The market: $386bn** Investment in solar, wind and other renewable projects; half-year figure, not annual (BloombergNEF, H1 2025)
- **Growth: +7.0%** Renewable energy market; forecast to USD 1,939.3 billion (growth, a year) (IMARC, 2026–2034)
- **The build: 1** of the 8 parts in the Electrification Supercycle bill of materials, each traced to the companies that supply it (ThematIQ research)
- **The companies: 15** companies worth $81 billion, earning on average 83% of their revenue here (Annual reports and exchange data, 2026-10-28)

## What it holds

Listed companies that earn their revenue supplying these parts of the Electrification Supercycle bill of materials, each read from its own reports.

| Part | Covers |
|---|---|
| Renewable Power Generation | renewable power producers, solar equipment, wind equipment |

## Largest companies

| Company | Listing | Market value |
|---|---|---|
| First Solar | FSLR.XNAS | $19 billion |
| Canadian Solar | CSIQ.XNAS | $650 million |
| Enphase Energy | ENPH.XNAS | $3 billion |
| Brookfield Renewable Partners L.P. | BEP-UN.TO | $8 billion |
| Clearway Energy | CWEN.XNYS | $7 billion |
| Array Technologies | ARRY.XNAS | $548 million |
| Nextpower | NXT.XNAS | $11 billion |
| Nordex SE | NDX1.XETRA | $10 billion |
| Tongwei | 600438.SHG | $8 billion |
| Solaredge Technologies | SEDG.XNAS | $2 billion |
| T1 Energy | TE.XNYS | $775 million |
| Ormat Technologies | ORA.XNYS | $6 billion |
| Blx.To | BLX.TO | $3 billion |
| Shoals Technologies Group | SHLS.XNAS | $1 billion |
| OY Nofar Energy | NOFR.TA | $2 billion |

By listing country: United States 71%, Canada 13%, Germany 8%, China 8%, Israel 0%.

## The market

- Renewable energy market including hydropower, wind, solar, bioenergy and others: $1.3 trillion (2024), Market.us <https://market.us/report/renewable-energy-market/>
- Renewable energy market including hydropower, wind, solar, bioenergy and others; forecast to USD 4,393.6 billion (growth, a year): +13% (2025–2034), Market.us <https://market.us/report/renewable-energy-market/>
- Renewable energy market: $1 trillion (2025), IMARC <https://www.imarcgroup.com/renewable-energy-market>
- Renewable energy market; forecast to USD 1,939.3 billion (growth, a year): +7.0% (2026–2034), IMARC <https://www.imarcgroup.com/renewable-energy-market>
- Renewable energy market: $1.1 trillion (2025), Fortune Business Insights <https://www.fortunebusinessinsights.com/renewable-energy-market-105511>
- Investment in solar, wind and other renewable projects; half-year figure, not annual: $386bn (H1 2025), BloombergNEF <https://about.bnef.com/insights/clean-energy/record-renewable-energy-investment-in-2025-three-things-to-know/>
- Investment in solar, wind and other renewable projects (growth, a year): +10% (H1 2025 vs H1 2024), BloombergNEF <https://about.bnef.com/insights/clean-energy/record-renewable-energy-investment-in-2025-three-things-to-know/>
- Solar investment, utility-scale and rooftop, expected in 2025: $450bn (2025), IEA <https://www.iea.org/reports/world-energy-investment-2025/executive-summary>

The vendor market-value estimates (USD 1.03–1.31 trillion) cover broader renewable energy markets and their scopes are unclear, so they differ from each other and from the segment. The agency investment figures (BNEF, IEA) measure annual or half-year investment flows, not market value, and capacity figures in GW are excluded because they are not market-size measures.

### What is Renewable Power?

Solar, wind and hydro producers and equipment.

### What does Renewable Power hold?

Listed companies that earn their revenue from the parts it takes to build Electrification Supercycle: Renewable Power Generation. 15 companies as of 2026-10-28.

### What is not in Renewable Power?

Solar panels, inverters and wind turbines: Renewable Power Generation, not Energy Storage & Grid Flexibility; distributed generation holds only non-renewable onsite generation and integrated systems Solar and wind inverters and converters: Renewable Power Generation, not Power Solutions & Components; UPS, data center power supplies and discrete semiconductors: Power Solutions & Components

## What it is not

- Solar panels, inverters and wind turbines: Renewable Power Generation, not Energy Storage & Grid Flexibility; distributed generation holds only non-renewable onsite generation and integrated systems
- Solar and wind inverters and converters: Renewable Power Generation, not Power Solutions & Components; UPS, data center power supplies and discrete semiconductors: Power Solutions & Components

Data as of 2026-10-28. Source: ThematIQ (industry research, company filings, exchange data), ETFIQ (fund counts), and the publishers linked above. Not investment advice.