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Energy Transition Stock List

Wind Energy Stocks List

Wind added a record 165 GW of new generating capacity in 2025, 40% more than the previous record year, taking the installed global fleet past 1,299 GW (GWEC Global Wind Report 2026, April 2026). Use this wind energy stocks list to compare listed companies across the value chain: turbine manufacturers, project developers and owners, wind infrastructure funds, installation vessels, foundations, blades, towers and power cables.

The list covers Europe, the United States, China and India and labels each company by business model. Onshore wind contributed 155.3 GW of the 2025 additions and offshore wind 9.3 GW, and that split shapes the universe: offshore exposure sits as much in cables, foundations and vessels as in generation. Investors seeking pooled exposure can compare the available wind energy ETFs.

45 CompaniesCombined Mkt Cap: $1.22TMarket data updated: September 2, 2026
At a glance

  • A full value-chain roster: twelve turbine manufacturers, thirteen developers and IPPs, six wind-heavy utilities and three infrastructure funds, plus cable, foundation, vessel and service specialists.
  • Largest constituent: GE Vernova (GEV) at $246B; the three biggest names hold 47% of the list's combined market cap.
  • Constituents trade across 17 listing countries; thirteen list in mainland China or Hong Kong.
  • Offshore work is a distinct exposure: eight constituents specialize in foundations, export cables or turbine installation, alongside tower and component makers serving both onshore and offshore projects.
45 companies
FX rates — September 2, 2026: 🇨🇦 USDCAD 1.384  ·  🇨🇳 USDCNY 6.719  ·  🇩🇰 USDDKK 6.450  ·  🇪🇺 EURUSD 1.159  ·  🇬🇧 GBPUSD 1.349  ·  🇭🇰 USDHKD 7.841  ·  🇮🇳 USDINR 94.96  ·  🇰🇷 USDKRW 1,359  ·  🇸🇪 USDSEK 9.624
Wind Stocks — comparison of listed companies showing market capitalization, headquarters and business segment. Activate a row’s expand button for full company detail.
Expand Company Ticker HQ Segment
GE Vernova
GEV $246B 🇺🇸 United States Wind Turbine Manufacturer
GE Vernova
HQ: 🇺🇸 United States Segment: Wind Turbine Manufacturer

GE Vernova is a US power-equipment group formed by General Electric's April 2024 spin-off. Its Wind segment comprises onshore turbines, Haliade-X offshore turbines and LM Wind Power blades. Wind generated about $9.1 billion of revenue in 2025 and recorded an EBITDA loss of $598 million, reflecting offshore project execution costs. Vineyard Wind turbine installation finished in Q1 2026 and the project moved into commissioning. GE Vernova also supplies grid and gas-power equipment through its Electrification and Power segments.

NYSE

$246B

Wind Turbine Manufacturer
NextEra Energy
NEE $173B 🇺🇸 United States Utility (wind-heavy)
NextEra Energy
HQ: 🇺🇸 United States Segment: Utility (wind-heavy)

NextEra Energy combines Florida Power & Light, a regulated utility, with NextEra Energy Resources, a developer and operator of wind, solar and storage projects. NEER held ownership interests in about 22,425 MW of net wind capacity at the end of 2025, across facilities in 23 US states and four Canadian provinces, and wind supplied 62% of its generation that year. Its contracted renewables and storage backlog stood at about 35.1 GW on 24 July 2026, after adding 0.7 GW of wind and other projects during Q2. In May 2026 NextEra agreed an all-stock combination with Dominion Energy; Dominion holders would receive 0.8138 NextEra shares each, leaving NextEra shareholders with about 74.5% of the combined company. The transaction is subject to shareholder and regulatory approvals, including FERC, the NRC and state commissions in Virginia, North Carolina and South Carolina.

NYSE

$173B

Utility (wind-heavy)
Iberdrola
IBE.MC $152B 🇪🇸 Spain Utility (wind-heavy)
Iberdrola
HQ: 🇪🇸 Spain Segment: Utility (wind-heavy)

Iberdrola is a Spanish electric utility with networks and renewable generation businesses in Europe, the United States and Brazil. At the end of 2025 it operated about 58.3 GW of capacity, including roughly 22 GW of onshore wind and 2.5 GW offshore. The 476 MW Baltic Eagle project in Germany is operating, while the 315 MW Windanker project remains under construction for scheduled completion in 2026. Other offshore projects include East Anglia Three and Vineyard Wind 1. Iberdrola owns Avangrid, ScottishPower and a controlling stake in Neoenergia.

BME

$152B

Utility (wind-heavy)
Siemens Energy
ENR.DE $140B 🇩🇪 Germany Wind Turbine Manufacturer
Siemens Energy
HQ: 🇩🇪 Germany Segment: Wind Turbine Manufacturer

Siemens Energy supplies gas turbines, grid equipment, industrial systems and wind turbines. Its wholly owned Siemens Gamesa business manufactures onshore and offshore turbines, including the SG 14/15 MW direct-drive platform. Gamesa recorded a EUR 1.3 billion loss before special items in FY2025, then reported a EUR 75 million quarterly profit before special items in Q3 FY2026, its first profitable quarter on that basis since 2022. Group order backlog reached EUR 162 billion at the end of Q3 FY2026. Siemens Energy is listed in Frankfurt.

XETRA

$140B

Wind Turbine Manufacturer
Enel
ENEL.MI $104B 🇮🇹 Italy Utility (wind-heavy)
Enel
HQ: 🇮🇹 Italy Segment: Utility (wind-heavy)

Enel is an integrated utility listed in Milan, with networks, retail and generation businesses across Europe and the Americas. Consolidated net installed capacity was 86.0 GW at 30 June 2026, including 16.2 GW of wind. Renewable assets sit within Enel Green Power and span hydro, wind, solar, geothermal and storage. The 2026–2028 strategic plan, announced in 2025, calls for about 15 GW of new renewable capacity and concentrates most of that program in wind and battery storage.

Borsa Italiana

$104B

Utility (wind-heavy)
ENGIE
ENGI.PA $70B 🇫🇷 France Utility (wind-heavy)
ENGIE
HQ: 🇫🇷 France Segment: Utility (wind-heavy)

ENGIE is a French utility with generation, networks, supply and energy-services businesses. Renewable and storage capacity reached 59.5 GW at 30 June 2026. Wind assets include the Moray East and Moray West offshore projects in the United Kingdom, French offshore projects and a large onshore fleet. The 500 MW Îles d'Yeu et Noirmoutier project was fully commissioned by H1 2026. In December 2025, ENGIE completed the 846 MW Serra do Assuruá complex in Brazil, its largest onshore wind project.

Euronext Paris

$70B

Utility (wind-heavy)
RWE
RWE.DE $53B 🇩🇪 Germany Utility (wind-heavy)
RWE
HQ: 🇩🇪 Germany Segment: Utility (wind-heavy)

RWE is a German power producer with wind, solar, storage and flexible generation assets. Total pro-rata capacity was about 48.9 GW at the end of 2025, including 9.7 GW of onshore wind and 3.3 GW offshore. The company secured five UK offshore projects totalling 6.9 GW in Allocation Round 7 at an inflation-linked strike price of GBP 91.20/MWh, most of the 8.4 GW awarded in that round. Its strategy announced in March 2026 sets out EUR 35 billion of net investment through 2031, with growth focused on the United States, Germany and the United Kingdom.

XETRA

$53B

Utility (wind-heavy)
Prysmian
PRY.MI $40B 🇮🇹 Italy Offshore Cables
Prysmian
HQ: 🇮🇹 Italy Segment: Offshore Cables

Prysmian supplies submarine and land power cables, telecom cables and installation services. Its Transmission segment covers HVDC systems, interconnectors and offshore-wind export cables. FY2025 segment revenue was EUR 3.26 billion. At Q2 2026 the Transmission backlog was about EUR 17 billion, with a further EUR 2 billion awarded but not yet booked. The backlog includes the Eastern Green Link 4 contract signed in February 2026. Prysmian operates seven cable-laying vessels and has expanded marine installation and surveying through acquisitions.

Borsa Italiana

$40B

Offshore Cables
SSE
SSE.L $38B 🇬🇧 United Kingdom Utility (wind-heavy)
SSE
HQ: 🇬🇧 United Kingdom Segment: Utility (wind-heavy)

SSE is a UK electricity infrastructure group with regulated networks, renewables and flexible-generation businesses. It owns 40% of the 3.6 GW Dogger Bank offshore wind project. Turbine installation at Dogger Bank A finished in February 2026 and commissioning continued through the summer; turbine installation was under way at B, while foundations were complete across all three phases. SSE also owns stakes in Seagreen and Beatrice. A GBP 33 billion investment plan announced in November 2025 concentrates most spending in regulated UK electricity networks.

LSE

$38B

Utility (wind-heavy)
Vestas Wind Systems
VWS.CO $32B 🇩🇰 Denmark Wind Turbine Manufacturer
Vestas Wind Systems
HQ: 🇩🇰 Denmark Segment: Wind Turbine Manufacturer

Vestas designs, manufactures and services onshore and offshore wind turbines. The Copenhagen-listed company passed 200 GW of cumulative installations at the end of 2025, still the largest installed base of any manufacturer, though its 10.6 GW of 2025 commissioning ranked seventh for the year, its first time outside BloombergNEF's top five since the ranking began in 2013. FY2025 revenue was EUR 18.8 billion: Power Solutions contributed EUR 15.1 billion and Service EUR 3.8 billion. In FY2025, the Service business recorded a 16.6% EBIT margin before special items. Combined turbine and service backlog was EUR 71.9 billion at the end of 2025. Its V236-15.0 MW offshore turbine produced first power at Germany's He Dreiht project in November 2025.

Nasdaq Copenhagen

$32B

Wind Turbine Manufacturer
Ørsted
ORSTED.CO $28B 🇩🇰 Denmark Project Developer / IPP
Ørsted
HQ: 🇩🇰 Denmark Segment: Project Developer / IPP

Ørsted develops, owns and operates offshore wind farms, with a stand-alone US onshore business alongside bioenergy and trading. At the end of 2025 it had about 10.2 GW of gross installed offshore capacity and 8.1 GW under construction. Renewable sources supplied 99% of group power and heat generation during FY2025. A strategic reset announced in February 2025 refocused development on offshore wind in Europe and Asia-Pacific and reduced US exposure. Ørsted completed a DKK 60 billion rights issue in October 2025, and in April 2026 completed the sale of its entire European onshore business to Copenhagen Infrastructure Partners for EUR 1.44 billion, closing a divestment program that raised about DKK 46 billion. Shares trade in Copenhagen.

Nasdaq Copenhagen

$28B

Project Developer / IPP
EDP Renováveis
EDPR.LS $16B 🇵🇹 Portugal Project Developer / IPP
EDP Renováveis
HQ: 🇵🇹 Portugal Segment: Project Developer / IPP

EDP Renováveis is a Lisbon-listed renewable developer controlled by EDP. It operated 20.4 GW of capacity at the end of 2025 across North America, Europe, South America and Asia-Pacific, with onshore wind its largest technology. Offshore exposure sits in Ocean Winds, a 50/50 joint venture with ENGIE that owns operating projects and a multi-stage development portfolio. EDPR also recycles capital through project-stake sales. In May 2026 it agreed to sell its 1.7 GW Brazilian operation to parent EDP, focusing the remaining portfolio on North America and Europe.

Euronext Lisbon

$16B

Project Developer / IPP
China Three Gorges Renewables
600905.SS $16B 🇨🇳 China Project Developer / IPP
China Three Gorges Renewables
HQ: 🇨🇳 China Segment: Project Developer / IPP

China Three Gorges Renewables is the Shanghai-listed renewable-power arm of China Three Gorges Corporation. It operates onshore wind, offshore wind and solar projects across China. Total renewable capacity was about 52.4 GW at the end of 2025, including roughly 7.5 GW of offshore wind. The state-owned parent retains control, and the listed company also holds a minority investment in Goldwind.

SSE

$16B

Project Developer / IPP
Dongfang Electric
600875.SS $13B 🇨🇳 China Wind Turbine Manufacturer
Dongfang Electric
HQ: 🇨🇳 China Segment: Wind Turbine Manufacturer

Dongfang Electric is a state-controlled Chengdu power-equipment group that builds coal-fired, hydro, nuclear, gas and wind generating equipment, and shipped 12.7 GW of wind turbines in 2025 while ranking sixth in China's wind market. Wind is one product line inside its energy equipment manufacturing segment and the annual report discloses no wind revenue figure; the three reported segments are energy equipment manufacturing, at RMB 58.0 billion of 2025 external revenue, manufacturing services at RMB 12.9 billion and emerging industries at RMB 7.7 billion. The company says it holds the leading domestic market share in nuclear and gas power, and its 2026 plan points the wind business at offshore, plateau and low wind speed niches rather than volume. During 2025 it grid-connected a 26 MW-class semi-direct-drive offshore turbine, which it describes as the world's largest of that type, rolled a 17 MW direct-drive floating machine off the line, and started production at new wind equipment plants in Ruoqiang and Bulungjin, Xinjiang. Group revenue was RMB 77.58 billion, up 13.1%, with net profit attributable to shareholders of RMB 3.83 billion, up 31.1%; new orders reached RMB 117.25 billion and the backlog stood at RMB 140.31 billion at year-end, though operating cash flow fell 80% to RMB 2.01 billion on construction-phase project spending. Dongfang Electric Corporation, a wholly state-owned company, held 51.37% of the shares at the end of 2025, a year in which the company placed 272.9 million A shares at RMB 15.11 in April and 68 million H shares at HK$15.92 in September; A shares trade in Shanghai and H shares, 11.8% of the equity, in Hong Kong.

SSE

$13B

Wind Turbine Manufacturer
Goldwind Science & Technology
002202.SZ $11B 🇨🇳 China Wind Turbine Manufacturer
Goldwind Science & Technology
HQ: 🇨🇳 China Segment: Wind Turbine Manufacturer

Goldwind designs, manufactures and services onshore and offshore wind turbines, with permanent-magnet direct-drive technology central to its product range. BloombergNEF ranked it first globally by annual installations for 2022 through 2025, with 29.3 GW commissioned in 2025. GWEC's separate supply-side data puts its cumulative installed base at 163 GW, second only to Vestas. The company has expanded manufacturing outside China, including a Brazilian facility that began production in 2024. Goldwind's A shares trade in Shenzhen and its H shares in Hong Kong.

SZSE

$11B

Wind Turbine Manufacturer
Nordex SE
NDX1.DE $10B 🇩🇪 Germany Wind Turbine Manufacturer
Nordex SE
HQ: 🇩🇪 Germany Segment: Wind Turbine Manufacturer

Nordex manufactures onshore wind turbines for markets outside China and India. The Hamburg-based company focuses on the Delta4000 platform and does not participate in offshore wind. Cumulative installations exceed 65 GW, and 14,027 turbines were under long-term service contracts at the end of Q2 2026. At the end of Q2 2026, the combined Projects and Service order book was EUR 18.4 billion. Nordex acquired Acciona Windpower in 2016 and is listed in Frankfurt, where it is included in the MDAX and TecDAX.

XETRA

$10B

Wind Turbine Manufacturer
Acciona Energía
ANE.MC $7.9B 🇪🇸 Spain Project Developer / IPP
Acciona Energía
HQ: 🇪🇸 Spain Segment: Project Developer / IPP

Acciona Energía is the Madrid-listed renewable-power arm of Acciona S.A., operating wind, solar, hydro and storage plants across the Americas, Europe and Australia. At the end of 2025 it operated 14,604 MW of renewable capacity, with wind accounting for 67.8%. The 923 MW MacIntyre Wind Farm in Queensland is its largest current wind project: Acciona Energía owns 70%, Ark Energy owns 30%, and the project uses 162 Nordex 5.7 MW turbines. MacIntyre progressed through staged commissioning in 2026.

BME

$7.9B

Project Developer / IPP
NKT
NKT.CO $7.7B 🇩🇰 Denmark Offshore Cables
NKT
HQ: 🇩🇰 Denmark Segment: Offshore Cables

NKT designs and manufactures high-voltage land and subsea cable systems for interconnectors and offshore wind. The company is listed in Copenhagen and operates major cable factories in Karlskrona and Cologne, together with the NKT Victoria cable-laying vessel. At Q2 2026, Transmission backlog was EUR 13.0 billion, or EUR 11.6 billion at standard metal prices; about 30% was linked to offshore wind and 70% to interconnectors. NKT is expanding the Karlskrona plant and adding the NKT Eleonora vessel, both targeted for 2027.

Nasdaq Copenhagen

$7.7B

Offshore Cables
Nexans
NEX.PA $7.0B 🇫🇷 France Offshore Cables
Nexans
HQ: 🇫🇷 France Segment: Offshore Cables

Nexans manufactures cable systems for power transmission, grids and electrical connections. Its PWR-Transmission segment supplies high-voltage subsea and land interconnectors and offshore-wind export cables. The segment reported FY2025 standard-metal sales of EUR 1.66 billion and a year-end adjusted backlog of EUR 7.7 billion. Nexans operates the Skagerrak and Aurora cable-laying vessels; the 13,500-tonne-capacity Nexans Electra entered service in June 2026. The Paris-listed group completed its exit from non-electrification businesses in July 2026.

Euronext Paris

$7.0B

Offshore Cables
Suzlon Energy
SUZLON.NS $6.6B 🇮🇳 India Wind Turbine Manufacturer
Suzlon Energy
HQ: 🇮🇳 India Segment: Wind Turbine Manufacturer

Suzlon Energy manufactures and services onshore wind turbines in India. Over three decades it has installed about 21 GW across 17 countries and holds roughly 30% of India's cumulative installed wind-turbine base. The order book remained above 6 GW at Q1 FY2027 and included projects for NTPC Green Energy and Tata Power Renewable Energy. Suzlon completed a multi-year debt restructuring during 2022–2024 and moved to a net-cash position. Its domestic manufacturing capacity is 4.5 GW a year, centered on the S144 platform.

NSE

$6.6B

Wind Turbine Manufacturer
China Longyuan Power Group
0916.HK $5.6B 🇨🇳 China Project Developer / IPP
China Longyuan Power Group
HQ: 🇨🇳 China Segment: Project Developer / IPP

China Longyuan Power Group is a wind and solar operator controlled by state-owned CHN Energy. Consolidated installed capacity reached about 46.0 GW at the end of 2025, including 32.1 GW of wind and 13.8 GW of solar. Longyuan disposed of its remaining coal assets in 2024, leaving a renewable-generation portfolio. It also operates the Guoneng Sharing floating wind and aquaculture demonstration platform. H shares trade in Hong Kong under 0916 and A shares in Shenzhen under 001289.

HKEX

$5.6B

Project Developer / IPP
DEME Group
DEME.BR $5.2B 🇧🇪 Belgium Offshore Wind Installation
DEME Group
HQ: 🇧🇪 Belgium Segment: Offshore Wind Installation

DEME is a Belgian marine-engineering group active in dredging, offshore energy and environmental infrastructure. Its offshore work covers foundation, cable and turbine installation as well as rock placement. DEME reported FY2025 revenue of EUR 4.2 billion and an order book of EUR 7.6 billion. In April 2025 it completed the acquisition of Havfram, adding the next-generation installation vessels Norse Wind and Norse Energi. The group also acquired 50% of BAUER Offshore Technologies during 2025. Shares trade on Euronext Brussels.

Euronext Brussels

$5.2B

Offshore Wind Installation
Northland Power
NPI.TO $3.9B 🇨🇦 Canada Project Developer / IPP
Northland Power
HQ: 🇨🇦 Canada Segment: Project Developer / IPP

Northland Power develops and operates offshore wind, onshore renewables, gas generation, storage and regulated utility assets. At the end of 2025 it owned 3,498 MW gross and 3,014 MW net of operating capacity, with a further 2.2 GW gross under construction. Offshore projects include Gemini, Nordsee One and Deutsche Bucht. Construction continued during Q2 2026 at the 1,140 MW Baltic Power project in Poland and the 1,022 MW Hai Long project in Taiwan. Northland owns 49% and a 31% economic interest in those projects, respectively.

TSX

$3.9B

Project Developer / IPP
Dajin Heavy Industry
002487.SZ $3.7B 🇨🇳 China Offshore Wind Components
Dajin Heavy Industry
HQ: 🇨🇳 China Segment: Offshore Wind Components

Dajin Heavy Industry fabricates offshore wind monopiles, transition pieces, jackets, floating foundations and turbine towers. The company listed H shares in Hong Kong in June 2026, alongside its Shenzhen A-share listing. Its Hong Kong prospectus reported a 29.1% share of European monopile supply by sales value in the first half of 2025. Contracts named in the prospectus include Thor, Nordseecluster, Moray West and Inch Cape. Dajin operates the Penglai offshore base and is expanding production at Caofeidian.

SZSE

$3.7B

Offshore Wind Components
Ming Yang Smart Energy
601615.SS $3.4B 🇨🇳 China Wind Turbine Manufacturer
Ming Yang Smart Energy
HQ: 🇨🇳 China Segment: Wind Turbine Manufacturer

Ming Yang Smart Energy is a Shanghai-listed Chinese turbine manufacturer specializing in large onshore, offshore and floating-wind platforms. It commissioned 18.9 GW in 2025, third globally in BloombergNEF's league table. Demonstration projects include the MySE 18.X-20MW turbine, grid-connected in September 2024, and the 16.6 MW OceanX twin-rotor floating platform. London-listed global depositary receipts have traded since 2022. On 26 March 2026, the UK government said it could not support Ming Yang turbines in UK offshore wind projects following a national-security assessment.

SSE

$3.4B

Wind Turbine Manufacturer
Greencoat UK Wind
UKW.L $3.1B 🇬🇧 United Kingdom Wind Infrastructure Fund
Greencoat UK Wind
HQ: 🇬🇧 United Kingdom Segment: Wind Infrastructure Fund

Greencoat UK Wind is a London-listed investment trust that owns interests in 49 operating UK wind farms. Net generating capacity was about 2 GW at the end of 2025. During 2025 the portfolio produced 5,403 GWh, 8.5% below budget because of low wind conditions. Dividends totaled 10.35 pence per share for the year, the twelfth consecutive annual increase at or above inflation. Net asset value was GBP 2.88 billion at 31 December 2025. Schroders Greencoat LLP manages the trust.

LSE

$3.1B

Wind Infrastructure Fund
Sany Renewable Energy
688349.SS $3.1B 🇨🇳 China Wind Turbine Manufacturer
Sany Renewable Energy
HQ: 🇨🇳 China Segment: Wind Turbine Manufacturer

Sany Renewable Energy manufactures onshore and offshore wind turbines and is listed on Shanghai's STAR Market. It commissioned about 13.5 GW of turbines during 2025, fifth worldwide in BloombergNEF's ranking. The product range spans 2.5 MW to 18 MW platforms, including the 15 MW SI-2701150 onshore turbine installed in Jilin in October 2024. Sany has developed models for European grid and certification requirements and is expanding in India through orders from JSW group companies and Sembcorp. Industrial-machinery group Sany is the controlling shareholder.

Shanghai STAR Market

$3.1B

Wind Turbine Manufacturer
Boralex
BLX.TO $2.8B 🇨🇦 Canada Project Developer / IPP
Boralex
HQ: 🇨🇦 Canada Segment: Project Developer / IPP

Founded in 1990, Boralex develops and operates wind, solar, hydro and battery assets in Canada, France, the United States and the United Kingdom. Installed capacity was 3,783 MW at the end of 2025. Onshore wind is the largest part of the portfolio, led by assets in Quebec and France. The 106 MW Limekiln project became its first operating UK wind farm in 2025. Boralex also brought the 300 MW / 1,200 MWh Hagersville battery project in Ontario into commercial operation in February 2026.

TSX

$2.8B

Project Developer / IPP
ReNew Energy Global
RNW $2.5B 🇮🇳 India Project Developer / IPP
ReNew Energy Global
HQ: 🇮🇳 India Segment: Project Developer / IPP

ReNew Energy Global develops wind, solar, storage and firm-power projects in India. At 30 June 2026 its portfolio totaled about 20.5 GW, including 1.7 GW / 6.2 GWh of battery storage, while commissioned capacity was about 13.1 GW. A further 466 MW of solar commissioned after quarter-end took the operating figure to roughly 13.5 GW, net of a 100 MW sale. ReNew also manufactures solar modules and cells. The company was founded by Sumant Sinha in 2011 and has traded on Nasdaq since its 2021 SPAC merger. A consortium of CPP Investments and Sinha has proposed taking the company private at US$7.02 per share through a UK scheme of arrangement, targeted to complete in Q1 2027; an earlier consortium bid lapsed in December 2025.

NASDAQ

$2.5B

Project Developer / IPP
Cadeler
CDLR $2.4B 🇩🇰 Denmark Offshore Wind Installation
Cadeler
HQ: 🇩🇰 Denmark Segment: Offshore Wind Installation

Cadeler owns and operates jack-up vessels used to install offshore wind turbines and foundations. The Danish company is listed in New York and Oslo. Its operating fleet doubled from five to ten vessels during 2025, when revenue reached EUR 620 million and EBITDA EUR 425 million. At the end of Q1 2026, contract backlog was about EUR 2.7 billion, with 82% tied to projects that had reached final investment decision. Cadeler is installing foundations and turbines for Ørsted's 2.9 GW Hornsea 3 project and has launched the Nexra offshore-services platform.

NYSE

$2.4B

Offshore Wind Installation
Renewables Infrastructure Group
TRIG.L $2.3B 🇬🇧 United Kingdom Wind Infrastructure Fund
Renewables Infrastructure Group
HQ: 🇬🇧 United Kingdom Segment: Wind Infrastructure Fund

The Renewables Infrastructure Group is a London-listed investment company with wind, solar and battery assets across six European markets. Net generating capacity was 2.7 GW at the end of 2025, supported by a development pipeline of about 900 MW. InfraRed Capital Partners is the investment manager and RES is the operations manager. At the end of 2025, net assets were approximately GBP 2.5 billion, while the directors' portfolio valuation was GBP 2.9 billion. The trust met its 7.55 pence dividend target for FY2025.

LSE

$2.3B

Wind Infrastructure Fund
China Suntien Green Energy
0956.HK $1.9B 🇨🇳 China Project Developer / IPP
China Suntien Green Energy
HQ: 🇨🇳 China Segment: Project Developer / IPP

China Suntien Green Energy combines renewable generation with natural-gas distribution, mainly in Hebei and northern China. It is dual-listed in Hong Kong and Shanghai. At the end of 2025 the company managed about 8.2 GW of wind capacity, of which roughly 7.8 GW was consolidated. During 2025 Suntien sold photovoltaic projects in Xinjiang, Heilongjiang and Liaoning, as well as selected assets in Hebei. Its gas network transmitted 5,255 million cubic meters during the year.

HKEX

$1.9B

Project Developer / IPP
Titan Wind Energy
002531.SZ $1.7B 🇨🇳 China Wind Components & Materials
Titan Wind Energy
HQ: 🇨🇳 China Segment: Wind Components & Materials

Titan Wind Energy manufactures wind-turbine towers, blades, molds and structural steel components; it is not a turbine OEM. The company was founded in 2005 and listed in Shenzhen in 2010. Manufacturing sites in China, Denmark and Germany serve onshore and offshore projects, including orders from international turbine suppliers. Titan also develops and operates wind farms through an IPP business. Its European operations are held through Titan Wind Energy Europe.

SZSE

$1.7B

Wind Components & Materials
Shanghai Electric Wind Power
688660.SS $1.5B 🇨🇳 China Wind Turbine Manufacturer
Shanghai Electric Wind Power
HQ: 🇨🇳 China Segment: Wind Turbine Manufacturer

Shanghai Electric Wind Power develops and services onshore, offshore and floating-wind turbines. The company has traded on Shanghai's STAR Market since May 2021 and is controlled by Shanghai Electric Group. It commissioned 6.7 GW in 2025, ninth globally in BloombergNEF's ranking. Its offshore range includes the 14 MW EW14.0-270 platform launched in July 2024, while larger 18–20 MW models remain at earlier commercialization stages. The company supplied turbine technology for the Wanning floating wind and aquaculture demonstration in Hainan. Shanghai Electric describes the business as China's largest offshore turbine manufacturer; that ranking is company-sourced.

Shanghai STAR Market

$1.5B

Wind Turbine Manufacturer
CS Wind Corporation
112610.KS $1.4B 🇰🇷 South Korea Wind Components & Materials
CS Wind Corporation
HQ: 🇰🇷 South Korea Segment: Wind Components & Materials

CS Wind manufactures onshore and offshore wind towers, transition pieces and foundations. The South Korean company operates factories across Asia, Europe and North America and supplies turbine manufacturers and project developers. Its offshore-foundation business, CS WIND Offshore, was formed from the former Bladt Industries and retains operations in Denmark and the United Kingdom. CS Wind reported FY2025 revenue of about KRW 2.93 trillion, compared with KRW 3.07 trillion in FY2024. Shares trade on the Korea Exchange.

KRX

$1.4B

Wind Components & Materials
Inox Wind
INOXWIND.NS $1.3B 🇮🇳 India Wind Turbine Manufacturer
Inox Wind
HQ: 🇮🇳 India Segment: Wind Turbine Manufacturer

Inox Wind manufactures wind turbine nacelles, hubs, blades and towers and provides turnkey project services in India. The company is part of the INOXGFL Group and works with separately listed Inox Green for long-term operations and maintenance. Its order book was about 3.1 GW at the end of FY2026. FY2026 consolidated income totaled approximately INR 45.7 billion, 24% above FY2025. A July 2024 capital infusion from its former parent helped move the company to a net-cash position before the parent merged into Inox Wind.

NSE

$1.3B

Wind Turbine Manufacturer
Jiangsu Haili Wind Power
301155.SZ $1.3B 🇨🇳 China Offshore Wind Components
Jiangsu Haili Wind Power
HQ: 🇨🇳 China Segment: Offshore Wind Components

Jiangsu Haili Wind Power Equipment Technology is a Shenzhen-listed manufacturer of offshore wind structures. Its products include monopiles, jackets, transition pieces, turbine towers, offshore substations and floating foundations. The company was founded in 2009 and is headquartered in Nantong, Jiangsu. Haili has also invested in offshore project development, transportation, installation and maintenance. The company trades on the Shenzhen ChiNext market under ticker 301155.SZ; it is not CSSC Haizhuang Wind Power, a separate unlisted turbine business within China State Shipbuilding Corporation.

SZSE

$1.3B

Offshore Wind Components
Windey Energy Technology
300772.SZ $1.1B 🇨🇳 China Wind Turbine Manufacturer
Windey Energy Technology
HQ: 🇨🇳 China Segment: Wind Turbine Manufacturer

Windey Energy Technology manufactures onshore and offshore wind turbines and energy-storage systems. Its 18.4 GW of 2025 commissioning ranked fourth worldwide in BloombergNEF's annual tally. The Shenzhen-listed company is expanding outside China, particularly in the Middle East and other emerging markets. Windey has been selected as turbine supplier for several Saudi projects whose sponsors have reached financial close. Its WD200-7700 platform, designed for 60 Hz international markets, entered commercial operation in Saudi Arabia during 2025.

SZSE

$1.1B

Wind Turbine Manufacturer
Greencoat Renewables
GRP.IR $975M 🇮🇪 Ireland Wind Infrastructure Fund
Greencoat Renewables
HQ: 🇮🇪 Ireland Segment: Wind Infrastructure Fund

Greencoat Renewables owns operating wind, solar and battery assets in five European countries. Its shares trade on Euronext Growth Dublin and AIM in London, with a dual-primary JSE Main Board listing under GCT after transferring from AltX in May 2026. At the end of 2025 the portfolio comprised 36 assets with about 1.4 GW of capacity. The company reported FY2025 cash generation of EUR 114.6 million, net dividend cover of 1.5 times and net asset value of 99.0 euro cents per share. Schroders Greencoat LLP is the investment manager.

Euronext Dublin

$975M

Wind Infrastructure Fund
China Datang Renewable Power
1798.HK $974M 🇨🇳 China Project Developer / IPP
China Datang Renewable Power
HQ: 🇨🇳 China Segment: Project Developer / IPP

China Datang Renewable Power develops and operates wind and solar assets across China. The Hong Kong-listed company is controlled by state-owned China Datang Corporation. At the end of 2025, consolidated installed capacity was about 19.8 GW: 14.4 GW of wind, 4.9 GW of solar and 510 MW of energy storage. Datang Renewable was founded in 2004 and listed in Hong Kong in December 2010.

HKEX

$974M

Project Developer / IPP
Inox Green Energy Services
INOXGREEN.NS $694M 🇮🇳 India Wind Equipment & Services
Inox Green Energy Services
HQ: 🇮🇳 India Segment: Wind Equipment & Services

Inox Green Energy Services is an Indian renewable operations and maintenance provider listed on the National Stock Exchange. It services wind turbines and evacuation infrastructure under long-term contracts and has begun adding solar O&M work. In February 2026 an INOXGFL-led consortium was selected as the successful resolution applicant for Wind World India; the NCLT approved the plan on 28 July 2026. The proposed transaction would add Wind World's 4.5 GW O&M business, taking Inox Green's portfolio to about 13.3 GW on a pro forma basis. A separate demerger scheme became effective on 4 May 2026.

NSE

$694M

Wind Equipment & Services
PNE AG
PNE3.DE $630M 🇩🇪 Germany Project Developer / IPP
PNE AG
HQ: 🇩🇪 Germany Segment: Project Developer / IPP

PNE develops onshore and offshore wind, solar, battery and power-to-X projects, selling most while keeping some in its own generating portfolio. The company was founded in 1995, is based in Cuxhaven and trades in Frankfurt. A mid-2026 ownership notification gave Morgan Stanley a 50.06% shareholding in PNE, including voting rights held through its Photon Management vehicle. PNE sold six wind projects to Qualitas Energy in January 2026. Its operating model combines project sales with recurring cash flow from owned renewable assets.

XETRA

$630M

Project Developer / IPP
Energiekontor
EKT.DE $383M 🇩🇪 Germany Project Developer / IPP
Energiekontor
HQ: 🇩🇪 Germany Segment: Project Developer / IPP

Energiekontor develops wind and solar projects and retains selected assets for its own generation portfolio. Founded in Bremerhaven in 1990, it is listed on the Frankfurt Stock Exchange and now headquartered in Bremen. The owned portfolio reached about 448 MW at the end of 2025. Its project pipeline, excluding discontinued US rights, was approximately 11.6 GW, with Germany, the United Kingdom, Portugal and France the main markets. The company ended its US wind-development activity during 2025.

XETRA

$383M

Project Developer / IPP
Sif Holding
SIFG.AS $125M 🇳🇱 Netherlands Offshore Wind Components
Sif Holding
HQ: 🇳🇱 Netherlands Segment: Offshore Wind Components

Sif Holding manufactures monopiles and other steel foundations for offshore wind. The Dutch company has produced more than 2,600 monopiles supporting about 22.7 GW of European capacity. Its Maasvlakte 2 plant in Rotterdam, opened in May 2025, is designed to produce up to 200 large monopiles per year for 15–18 MW turbines. During H1 2026 Sif produced 101 monopiles and reached its planned run-rate of four to five units per week. The Dutch government designated Sif as strategic under the EU Net-Zero Industry Act framework in March 2026.

Euronext Amsterdam

$125M

Offshore Wind Components
Eolus
EOLU-B.ST $118M 🇸🇪 Sweden Project Developer / IPP
Eolus
HQ: 🇸🇪 Sweden Segment: Project Developer / IPP

Eolus develops wind, solar and energy-storage projects in the Nordic and Baltic regions, Poland and the United States. The company began developing commercial wind projects in Sweden in 1990 and trades on Nasdaq Stockholm. At 31 December 2025 its project portfolio totaled 15,820 MW and its asset-management contracts covered 1,274 MW. Eolus completed construction management of the 260 MW Stor-Skälsjön wind project for its owners in March 2025. The legal name changed from Eolus Vind AB to Eolus Aktiebolag (publ) in June 2025.

Nasdaq Stockholm

$118M

Project Developer / IPP

Wind Turbine Manufacturer Stocks

Turbine manufacturers sell onshore and offshore equipment and, in many cases, long-term service contracts. This list includes Vestas, GE Vernova, Siemens Energy through Siemens Gamesa, Nordex, Goldwind, Ming Yang, Sany Renewable Energy, Shanghai Electric Wind Power and Windey. Order intake, turbine pricing, component costs, warranty provisions and service margins shape results, while trade and security rules affect access to regional markets.

Offshore Wind Stocks

Offshore exposure spans developers, turbine suppliers and specialist contractors. Ørsted, RWE, Iberdrola, SSE and Northland Power face auction, financing, construction and power-price risk. Prysmian, NKT and Nexans supply export cables; Sif, Dajin and Jiangsu Haili fabricate foundations; Cadeler and DEME provide installation capacity. The separate Power Cable Stocks list compares cable suppliers across offshore wind, interconnectors and grid expansion.

Wind Developers and Independent Power Producers

Developers and independent power producers build, own and operate wind farms. Revenue may come from PPAs, CfDs, regulated remuneration, merchant power sales and project-stake sales. Financing cost, auction terms, permitting, construction execution and asset recycling therefore matter more to this group than turbine manufacturing margins.

Wind Supply-Chain Stocks

The supply chain includes blades, towers, bearings, castings, foundations, export and array cables, installation vessels and offshore engineering. Titan Wind, CS Wind, Dajin, Jiangsu Haili, Sif, Prysmian, NKT, Nexans, Cadeler and DEME sell into wind projects rather than earning generation revenue from them, with Titan Wind the exception: it also develops and operates wind farms of its own. Because a single project can absorb a whole quarter of factory or vessel time, a delayed customer schedule shows up quickly in these companies’ earnings.

List Updates

Additions, removals and corrections are logged here as they happen. Market-cap data last refreshed September 2, 2026. Full changelog across all lists →

+

New ListingJun 5, 2026
Dajin Heavy Industry began trading its H shares on HKEX under 1081.HK on June 5, 2026, alongside its Shenzhen listing. The final offer price was HK$66.40 per share.
+

New ListingMay 28, 2026
Greencoat Renewables transferred its JSE listing from AltX to a dual-primary Main Board listing under GCT on May 28, 2026. Its Euronext Growth Dublin and AIM listings were retained.
+

New ListingJun 9, 2025
Greencoat Renewables began trading on the JSE AltX under GCT on June 9, 2025, while retaining its Euronext Growth Dublin and AIM listings. No new shares were issued.
±

Name ChangeJun 9, 2025
Eolus Vind AB changed its legal name to Eolus Aktiebolag (publ) on June 9, 2025. Its EOLU B ticker on Nasdaq Stockholm was unchanged.
Disclaimer: Green Stocks Research publishes independent research for informational and educational purposes only. Nothing on this page is investment advice, a recommendation, or an offer to buy or sell any security — always do your own due diligence and consider consulting a licensed financial adviser before investing. Market-capitalization figures are refreshed on a regular cadence from publicly available exchange data and may lag real-time prices; see our methodology for how this list is compiled and maintained. Green Stocks Research has no financial relationship with any company listed. Have a suggestion — an addition, removal, or correction? Email us at feedback@greenstocksresearch.com.

Wind Stocks — Investor FAQ

Wind stocks are shares in listed companies with material exposure to wind power. They include turbine manufacturers, project developers and owners, wind infrastructure funds, cable and foundation suppliers, blade and tower makers, and installation-vessel operators. Vestas is a turbine-focused manufacturer and Ørsted is a wind-focused developer; GE Vernova and Iberdrola are broader groups in which wind is one business. The table brings these business models together and labels each company's segment.
Yes. Wind energy stocks, wind power stocks and wind stocks are normally used for the same listed-company universe. Business model is the more useful distinction. Turbine manufacturers depend on orders, pricing, component costs and service margins; developers depend on auctions, financing, construction and power contracts; suppliers depend on project schedules and factory or vessel utilization. The filters on this page separate those segments.
Onshore wind remains one of the lowest-cost sources of new electricity in many markets. IRENA calculated a 2024 global weighted-average LCOE of $34/MWh for newly commissioned onshore wind. Deployment reflects that cost position: GWEC's Global Wind Report 2026 counted a record 165 GW of new capacity in 2025, 40% above the previous record year, with onshore wind contributing 155.3 GW and offshore wind 9.3 GW. China remains the largest installation market, while electrification, data-center demand and corporate power-purchase agreements add demand in other regions.
Turbine OEMs such as Vestas, Siemens Gamesa, GE Vernova, Nordex and Goldwind manufacture and service wind turbines. Their results depend on order intake, turbine pricing, component costs, warranty performance and service contracts. Developers and owners such as Ørsted, EDPR, Iberdrola, NextEra and RWE build and operate wind farms. Their revenue comes from PPAs, CfDs, regulated remuneration and merchant power sales, with financing and construction risk central to project returns.
Offshore wind experienced a sharp cost reset after 2022 as interest rates, steel and cable prices, vessel constraints and grid delays raised project costs. Several US projects were canceled, delayed or rebid. The UK's 2023 AR5 auction attracted no offshore bids; later rounds raised price support, and AR7 awarded 8.4 GW in January 2026. Onshore projects generally have shorter construction periods and lower capital costs, although they still face permitting, grid-connection and equipment-quality risks.
Risks differ across the value chain. Turbine manufacturers face pricing, component, warranty and product-quality risk. Developers and infrastructure funds are sensitive to financing costs, auction terms, power prices and construction delays. Offshore projects also depend on specialized vessels, foundations and export cables. US legislation enacted in 2025 shortened the qualification window for Section 45Y and 48E credits for many wind and solar projects, while market-access restrictions affect Chinese suppliers in parts of Europe and North America.
Wind developers use long-dated debt, so higher interest rates raise project financing costs and can reduce returns or delay investment decisions. The effect is strongest offshore because projects require more capital and take longer to build. Listed infrastructure funds can also reprice when government bond yields rise because investors compare their dividend yields with lower-risk income assets. Turbine manufacturers are less directly exposed, but they can lose orders when customers postpone projects.
An individual wind stock concentrates exposure in one company's products, projects and balance sheet. A wind ETF holds a portfolio of companies and reduces single-company risk in exchange for a management fee. The dedicated US-listed market is small: the Global X Wind Energy ETF (WNDY) liquidated in 2025, leaving the First Trust Global Wind Energy ETF (FAN) as the principal US-listed wind fund. Broader clean-energy ETFs may also hold wind companies alongside solar, storage and grid businesses.

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Key Terms
Full Glossary →

Wind turbines installed on land. Onshore projects usually have shorter development and construction periods and lower capital cost per megawatt than offshore wind. Turbine size varies by market and project vintage: US turbines installed in 2023 averaged 3.4 MW, while newer platforms in Europe and China commonly reach 5–7 MW or more.
Wind turbines installed at sea. Fixed-bottom projects use monopile or jacket foundations; floating projects use anchored semi-submersible, spar or tension-leg platforms where water depth or seabed conditions make fixed foundations impractical. Offshore sites can achieve higher capacity factors than onshore sites, but require ports, subsea cables and specialized installation vessels.
Actual electricity generated over a period divided by the output that would have been produced at continuous full power. Capacity factor reflects resource quality, equipment performance, curtailment and downtime. EIA's preliminary 2025 US fleet averages were 91.0% for nuclear, 65.9% for geothermal, 35.3% for hydropower, 34.2% for wind and 24.4% for solar photovoltaic. Project-level results can differ substantially from fleet averages.
A contract that stabilizes a generator's revenue against a reference power price. Under Great Britain's two-way CfD, the generator receives a top-up when the reference price is below the indexed strike price and pays back the difference when it is above. Contracts are awarded competitively through Allocation Rounds. Duration, indexation, reference-price and negative-price rules vary by market.
US federal tax credits for electricity generation or project investment. The legacy Section 45 Production Tax Credit paid per unit of output, while the Section 48 Investment Tax Credit was based on eligible capital cost. Facilities placed in service after 2024 generally use the technology-neutral Section 45Y and 48E successors. Legislation enacted in 2025 shortened the qualification window for many wind and solar projects and added foreign-entity restrictions.
A contract under which a utility, company or other buyer purchases power from a generating project. Renewable PPAs commonly run for 10–25 years and may use fixed, indexed, escalating, floor or collar pricing. A physical PPA delivers electricity to the buyer; a virtual PPA is a financial settlement. Contracted revenue from a creditworthy buyer can support non-recourse project financing.
A developer's sale of part of a wind project to an infrastructure fund, pension fund, utility or other investor. The sale may occur during development, construction or operation and can involve a minority or controlling stake. Developers use farm-downs to recycle capital, share construction risk and retain a continuing interest in selected projects.
High-voltage direct-current transmission. Offshore wind projects may use HVDC export systems when distance and capacity make high-voltage alternating current less efficient or more expensive. The economic crossover is project-specific and depends on distance, voltage, capacity and converter-station cost; published subsea estimates often fall within roughly 50–120 km. HVDC systems require converter stations as well as land and subsea cables.
A large steel tube driven or vibrated into the seabed to support a fixed-bottom offshore wind turbine. Monopiles are widely used in shallow and intermediate water depths. Recent large units can reach roughly 8–12 meters in diameter and weigh several thousand tonnes, although dimensions vary by turbine, soil and water depth. Jackets and other foundation types are used where site conditions make monopiles less suitable.
An installation vessel with legs that lower to the seabed so the hull can be raised above wave level. The elevated platform provides a stable base for cranes installing offshore wind turbines or foundations. Vessel suitability depends on crane capacity, deck space, leg length, water depth and turbine dimensions. Newer vessels are designed for turbines rated at 15 MW and above.
A wind-turbine design in which the rotor turns the generator without a gearbox. Removing the gearbox reduces the number of moving drivetrain components, but the low-speed generator is large and heavy. Many modern direct-drive turbines use permanent-magnet generators and therefore substantial rare-earth material; electrically excited and superconducting direct-drive designs can operate without permanent magnets.
Order intake is the value or generating capacity of firm contracts signed during a reporting period. The order book, or backlog, is contracted work not yet delivered or recognized as revenue. Equipment backlog normally converts over quarters or years, while service contracts can extend for a decade or more. Pricing, delivery timing, service mix and production capacity affect how backlog converts into revenue and margin.
A measure of a power plant's lifetime cost per unit of electricity generated, usually expressed in dollars per megawatt-hour. Assumptions include capital cost, operating cost, financing, fuel, project life and capacity factor. LCOE is useful for first-pass technology comparisons but does not capture the full system value of dispatchability, transmission, curtailment or storage. Lazard's July 2026 US analysis continued to place onshore wind and utility-scale solar among the lowest-cost sources of new generation on an unsubsidized basis.

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