Probably the largest year-over-year increase in this list, the Austrian utility VERBUND AG saw a 81.3% by the end of 2019 at 16.82 billion USD (€14.86 billion). All these have given them a slight market edge, ending December 2021 at a market cap of $35.22 Billion. As per their plan to be Net Zero Carbon company by 2045, they will amp up their renewable annual growth to 4 GW in 2022-25 and 6 GW by 2030. The French multinational company has an annual revenue of 60,050 Million USD and rings in a net income of 820 Million USD. They had significantly higher revenues too coming in from sub-sea cables and with the acquisition of Western Power Distribution. They recently showed a surge in profit with a market cap of $50.11 Billion. The National Grid counts for 20 million customers in the US and approximately 11 million customers in the UK. The UK-based National Grid tallied an annual revenue of 20,065 Million USD and a net income of 1,733 Million USD. The French multinational company is currently valued at $45 billion. Residential accounts alone cross 4.8 million customers, according to EDF’s 2020 results. EDF Renewables recently signed their ninth renewable power purchase agreement (in three years) with OVHcloud, a cloud service provider. has big plans in store for its European market. EDFĪccumulating an annual Revenue of 84,154 Million USD and an income of 5,342 Million USD, the EDF or Électricité de France S.A. And this is just one of their 40+ wind farms in the US, Europe, and Taiwan. One of its Dutch wind farms, popularly known as Borssele 1&2, with over 94 turbines, supplies renewable energy to one million Dutch households. The company is the world’s largest developer of offshore wind power accounting is valued at $49.3 billion. The Danish company formerly DONG Energy records annual revenue of 9,584 Million USD and a net income of 1,040 Million USD. ![]() The Spanish utility company plans to boost its renewable energy hold in the coming years to increase its customer base of 43.8 billion to 70 million by 2030. its market cap grew by 33% within the past year. As of 2021, it has an annual revenue of 42,987 Million USD and an income of 3,978 Million USD. ![]() With a market cap of 65 billion USD, Iberdrola is the second largest company in Europe. With its pledge to triple renewable capacity by 2030, Enel might keep its top spot for years to come. IN terms of customer bases, it is the largest in Europe as of date, with 70 million customers worldwide (64 million consuming its electricity, and 6 million in the gas market). ![]() It saw one of its highest increases in the market at 14.8% year-over-year. Raking in annual revenue of 73,775 Million USD and a net income of 2,544 Million USD. The Italian company ranks number one in its country and in Europe in terms of market size and revenue. Here are the top utility companies in Europe, their value and what they are up to. By firmly expanding their presence in the renewable energy sector, most of the top utility companies aim to be the world’s largest energy producers (outside of China).
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