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How to Invest in Wind in 2022? 11 Stocks to invest in Onshore, Offshore, and Micro Wind Turbines

Updated: Sep 15

Beyond its positive climate transition impact, there are many appealing reasons to invest in wind. But where should you start? What companies are making real progress and change in the wind industry in 2022? We've selected 11 wind stocks to inspire you in your climate impact investing journey.



11 Wind stocks to invest in in 2022 - Bloom Impact Investing
Onshore Wind Turbines in Germany


According to Global Wind Report 2022, the global wind industry had its second-best year in 2021, with almost 94 GW of capacity added globally, trailing behind the 2020’s record growth by only 1.8%. Total global wind power capacity is now up to 837 GW, helping the world avoid over 1.2 billion tonnes of CO2 annually – equivalent to the annual carbon emissions of South America.


The tailwinds behind this industry are also predicted to accelerate with the recent US Inflation Reduction Act of 2022, which will inject US$360 billion in energy and climate change programs over the next decade, including enormous tax incentives to advance renewable energy.

What does that mean for the wind industry? The Princeton University’s Zero Lab’s predicts this bill will spur record-setting growth in wind and solar capacity: doubling to $321 billion in 2030, versus $177 billion under the previous policy.


Outside of listed companies (stocks), there is of course a long list of other asset classes and investment vehicles you can invest in to diversify your portfolio and get exposure to Cleantech investing including, ETFS, Bonds, and funds. You can check out what these are in our Guide to Climate Impact Investing. The list below is of course not financial advice, and not an exact reflection of the Bloom climate impact fund holdings.


Always strive to complete your own research and seek financial advice. This list is a snapshot to inspire you to start your climate impact investing journey using some of the research we have completed in building our portfolio. In this Blog, we'll focus on the companies making an impact in alignment with Project Drawdown’s electricity sector model. More specifically, wind.


Electricity Sector


Although the electricity sector has the potential to be our strongest tool against climate change, it’s also the worst carbon emitter. According to Project Drawdown, the electricity sector generates 25% of the world’s carbon emissions. That’s more than what our land sinks can hold, meaning a lot of those emissions are being released into the atmosphere.


But we already have the means necessary to make a large impact on our electricity emissions.

Solar, wind, and hydropower are examples of alternative sources for oil, and natural gas power. But before we go further, here are some terms necessary to know.


The unit of measurement for electricity is ‘watt’ and when discussing large amounts of watts the two terms often used are ‘Megawatts’ (MW) and ‘Gigawatts’ (GW), both of which will be used often in this article. In terms of ‘watts’, there are 1 million in a Megawatt and 1 billion in a Gigawatt. Let’s put that in perspective…


1 GW is equal to:

  • 3.125 Million Solar Photovoltaic (PV) Panels

  • Or 364 Utility-Scale Wind Turbines

  • Or 110 Million LED Lights

  • Or 2,000 Corvette Z06s

  • Or roughly 1.3 Million Horses

This sort of power, 1 GW, is enough to power 750,000 homes.


Wind


The wind industry is marked by a proliferation of turbines, dropping costs, and heightened performance. In many locales, wind is either competitive with or less expensive than coal-generated electricity.


There are three categories of wind impact solutions from Project Drawdown. These are:

  • Micro Wind Turbines: Windmills that capture kinetic energy for pumping water, charging battering, and providing power for rural locations

  • Onshore Wind: Onshore wind farms have small footprints, typically using no more than 1 percent of the land they sit on, so grazing, farming, recreation, or conservation can happen simultaneously with power generation.

  • Offshore Wind: Offshore Wind Turbines use offshore utility-scale wind power technologies to generate electricity. This solution is increasingly being adopted where wind is less intermittent and the turbines can harvest more energy than is the case for onshore wind.

Now, let’s check out some companies that are making a positive impact on climate change with the power of the wind.


We do not endorse or recommend investing in these companies specifically. Data has been sourced from Simply Wall Street and company reports.



Role Call


Energix-Renewable Energies Ltd - TASE (ENRG)


Energix-Renewable Energies Ltd logo

Onshore Wind Turbines, Utility-Scale Solar Photovoltaics


Energix has a portfolio of photovoltaic projects and large-scale wind farms. It has more than 1GW of projects under development and 258WMp in commercial operation.


Energix performance:

  • Mar 31, 2022

  • Revenue: *₪294.42M

  • Earnings: ₪105.69M

  • Net Profit Margin: 35.90%

*₪: Israeli New Shekel/ Currency of Israel


Impact: Energix’s clean energy mitigated 497,348 tons of CO₂ in 2020


Acciona SA - BME (ANA)

Acciona SA logo

Small Hydropower, Onshore Wind Turbines, Distributed Solar Photovoltaics, Concentrated Solar Power, Distributed Energy Storage, Microgrids, Biomass Power


Acciona is a Spanish company dedicated to the development and management of infrastructure and renewable energy. Present in 40 countries, it has generated 6.5 billion euros in 2020 sales. The Acciona business provisions span energy, utilities, transport, infrastructure and urbanisation, therein attacking climate change on many fronts.


Acciona SA performance:

  • Dec 31, 2021

  • Revenue: €8.67B

  • Earnings: €332.05M

  • Net Profit Margin: 3.83%

Impact: Owns and operates 11GW of onshore wind, photovoltaic, biomass, hydroelectric, and solar thermal power facilities across 16 countries


EDP Renovaveis S.A. - ENXTLS (EDPR)


EDP Renovaveis S.A. logo

Onshore Wind Turbines, Offshore Wind Turbines, Utility-Scale Solar Photovoltaics, Grid Flexibility


EDP Renovaveis (which translates to EDP Renewables), is a Spanish-based renewable energy company. Currently recognised as the fourth-largest wind energy producer, EDPR’s operations feature the use of onshore and offshore wind farms, and solar parks, to create renewable forms of energy.


EDP Renovaveis S.A. performance:

  • Mar 31, 2022

  • Revenue: €1.69b

  • Earnings: €683.44m

  • Net Profit Margin: 40.50%


Impact: Generated 30.3GTWh of clean energy in 2021 (1 TWh = 1,000 GWh)


NORTHLAND POWER INC - TSX (NPI)



NORTHLAND POWER INC logo

Onshore Wind Turbines, Utility-Scale Solar Photovoltaics, Offshore Wind Turbines


Northland Power produces, develops, constructs, owns and operates clean and green electricity and power infrastructure. Its portfolio includes natural gas, wind, and solar.


Northland Power performance:

  • Mar 31, 2022

  • Revenue: CA$2.18B

  • Earnings: CA$306.98M

  • Net Profit Margin: 14.11%


Impact: Renewable facilities mitigated 2.15MT of CO₂e


BORALEX INC - TSX (BLX)

BORALEX INC logo

Onshore Wind Turbines, Utility-Scale Solar Photovoltaics, Utility-Scale Energy Storage, Small Hydropower


Boralex and its subsidiaries specialise in wind, solar, hydroelectricity, and storage. It primarily operates in Canada, France, and the U.S. and has interests in 90 wind power stations, 16 hydroelectric power stations, 12 solar power stations, and one thermal power station.


Boralex performance:

  • Mar 31, 2022

  • Revenue: CA$710.00M

  • Earnings: CA$31.00M

  • Net Profit Margin: 4.37%


Impact: Mitigated 352,666 tons of CO₂ in 2021 by generating renewable energy


AVANGRID INC - NYSE (AGR)

AVANGRID INC logo

Onshore Wind Turbines, Utility-Scale Solar Photovoltaics, Offshore Wind Turbines


Avangrid participates in renewable energy generation, transmissions and distribution. Although it primarily operates onshore wind power facilities, it also operates solar, biomass and thermal power facilities.


Avangrid performance:

  • Mar 31, 2022

  • Revenue: US$7.14B

  • Earnings: US$818.00M

  • Net Profit Margin: 11.45%


Impact: Third largest wind operator in the U.S.


General Electric - NYSE (GE)



Onshore Wind Turbines, Offshore Wind Turbines, Small Hydropower, Microgrids, Distributed Solar Photovoltaics, Utility-Scale Solar Photovoltaics


General Electric (GE) is a high-tech industrial company that operates across power, renewable energy, aviation, and healthcare. GE business includes service solutions, manufacturing, and software.


General Electric performance:

  • Q1 2022

  • Adjusted* Revenues: $16.3B

  • Adjusted* Profit Margin: $5.8%

  • Renewable Energy Orders: $2.8B

*Non-GAAP Financial Measure


Impact: Owns a prototype wind turbine that began operating at 14 MW in 2021 with the potential to mitigate 52,000 metric tons of CO₂


Vestas Wind Systems - CPSE (VWS)


Vestas Wind Systems logo

Offshore Wind Turbines, Onshore Wind Turbines


Vestas Wind Systems is a Danish manufacturer, seller, installer, and servicer of wind turbines that was founded in 1945. They design, manufacture, install and service these wind turbines across the globe, using data to interpret, exploit and forecast wind resources to deliver the best wind power solutions in the industry. We like that Vestas is leading the global transition to renewable energy, but are also committed to reaching net-zero within their own operations and dedicated to incorporating sustainability into everything they do.


Vestas performance:

  • Q1 2022 Financial Report

  • Revenue: EUR 2,485M

  • EBIT: EUR 329M.

  • Wind Turbine Order Backlog: EUR 18.9B


Impact: Has 132GW of combined capacity under service


SSE PLC - LSE (SSE)


SSE Logo

Onshore Wind Turbines, Offshore Wind Turbines, Distributed Energy Storage


SSE PLC is one of the UK’s largest electricity network companies and operates through developing low carbon infrastructure. This infrastructure includes onshore and offshore wind, hydropower, electricity transmission and distribution grids, and efficient gas-fired generation.


SSE PLC performance:

  • Mar 31, 2022

  • Revenue: UK£8.61b

  • Earnings: UK£2.55b

  • Net Profit Margin: 29.61%


Impact: 2.4GW of renewable energy capacity is under construction (2022)


ALGONQUIN POWER UTILITIES CORP - TSX (AQN)


ALGONQUIN POWER UTILITIES CORP Logo

Onshore Wind Turbines, Water Distribution Efficiency


Algonquin acquires and operates green and clean energy such as hydroelectric, wind, and solar plants. It also operates in the sustainable utility distribution business, such as water, wastewater treatment, electricity, and natural gas.


Algonquin performance:

  • Mar 31, 2022

  • Revenue: US$2.39b

  • Earnings: US$332.87m

  • Net Profit Margin: 13.95%


Impact: Renewable energy assets have a generation capacity of ~3.2GW


CLEARWAY ENERGY INC CLASS C - NYSE (CWEN.A)


CLEARWAY ENERGY INC CLASS C Logo

Onshore Wind Turbines, Utility-Scale Solar Photovoltaics, Distributed Solar Photovoltaics, Distributed Energy Storage


Clearway energy participates in every stage of its energy projects, from development and construction to management and operations. Its projects include utility-scale wind and solar as well as community and distributed solar.


Clearway Energy performance:

  • Mar 31, 2022

  • Revenue: US$1.26B

  • Earnings: US$16.00M

  • Net Profit Margin: 1.27%


Impact: Its 5.6GW capacity portfolio can power 1.7 million homes


You can make an impact!

These companies are just the tip of the iceberg!


Here at Bloom, we have created a unique and new Climate Impact Investing Methodology. The Bloom fund invests in businesses like those in this article to create a positive climate impact and accelerate the world’s transition to a cleaner future while striving to generate financial returns for its investors. Each business that Bloom considers must meet an impact solution, like wind, from Project Drawdown or ClimateWorks, and the asset itself needs to be a sound investment financially. The info in this article is a glimpse into our research and represents the businesses we believe meet some of these criteria.


The above list is not an exact reflection of the bloom climate impact fund holdings, nor an exhaustive list of all the cleantech investing opportunities that exist. This list is a snapshot to inspire you to start your climate impact investing journey using some of the research we have completed in building our portfolio.


Want to know more?


Get impact investing news, investment updates, and upcoming Bloom events through the Bloom Impact Investing App. Download the Bloom app today and start using your investments to fight climate change. And keep an eye out for our next eBook, a culmination of cleantech investment companies that are actively and positively impacting climate change.


Don't forget, you can also join the Bloom community if you want to learn more about sustainable investing. We have an upcoming array of events where you can learn how to make a positive impact on your finances.



The information on this website is prepared by Bloom Impact Investment Services Pty Ltd (CAN 651 965 098 AR 001294778), who is an authorised representative of Cache Investment Management Pty Ltd (CAN 624 306 430 AFSL 514 360) (Cache). Bloom’s financial products are issued by Melbourne Securities Corporation Limited (ACN 160 326 545 AFSL 428 289), as disclosed in the relevant PDS. All information provided in this article is general information only and does not take into account your personal circumstances, financial situation or needs. Before making a financial decision, you should read the relevant product disclosure statement and target market determination to consider whether the product is right for you and whether you should obtain advice from a professional financial adviser.


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