Renewable energy stocks have been investors' favourites in recent years.
As the world moves towards sustainability, renewable energy is becoming a major priority of governments and businesses around the world. For countries such as Australia, China and India where electricity is largely generated from high carbon-emitting coal, many see the future of renewable energy as critical.
If you're looking to invest in companies that support the growth of sustainable energy sources, you can start here. Below is a list of renewable energy companies that are listed on the Australian Securities Exchange (ASX).
How do I buy renewable energy stocks?
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Find the shares you want to buy. Search the platform and buy your shares. It's that simple.
For our top picks, we compared our Finder partners using a proprietary algorithm beginning in 2023. We update the list every 3 months. Keep in mind that our top picks may not be the best for your individual circumstances and we encourage you to compare for yourself. Read our full methodology here to find out more.
Why invest in renewable energy?
In the last century, we've come to rely on fossil fuels to create electricity, power our vehicles and drive manufacturing. But overwhelming evidence says the extraction and use of coal, oil and gas are causing irreversible environmental damage and global warming. Fossil fuels are also finite – over time, we'll be forced to rely on alternative energy sources regardless of our environmental views. This is driving investors towards renewable energy stocks.
This creates a big opportunity as economies look to decarbonise. According to McKinsey, net zero will cost the world $9.2 trillion every year. And that spending by big businesses and governments is creating opportunities for investors. After all, that money has to go somewhere and into something. So investors can purchase shares in the companies helping to create a net-zero planet.
Adding to the opportunity is simply population growth. Studies suggest the world's population is expected to reach almost 10 billion by 2050. Both environmental constraints and limited fuel and water supply (used in mining) will increase our need for renewable and clean energy sources. For these reasons, investing in renewable energy makes both environmental and money sense.
Finder survey: How many Australians take ethical/ESG considerations into account when investing?
Response
Never
53.49%
Sometimes
36.45%
Yes always
10.06%
Source: Finder survey by Pure Profile of 1004 Australians, December 2023
Renewable energy stocks in Australia
Company summary
1414 Degrees Limited offers thermal energy storage technology for industries in Australia. It provides heat and electricity from renewable energy sources. In addition, it offers SiBox, a complete thermal energy storage system The company was formerly known as Latent Heat Storage Pty Ltd. 1414 Degrees Limited was incorporated in 2009 and is based in Melrose Park, Australia.
Historical performance
Company summary
Carnegie Clean Energy Limited develops and commercializes the CETO wave energy technology for converting ocean wave energy into zero-emission electricity worldwide. The company was formerly known as Carnegie Wave Energy Limited and changed its name to Carnegie Clean Energy Limited in December 2016. Carnegie Clean Energy Limited was incorporated in 1987 and is based in North Fremantle, Australia.
Historical performance
Stock information
Market capitalization: $15955502
P/E ratio: 0
Company summary
HRL Holdings Limited provides various environmental and laboratory services in Australia and New Zealand. It offers asbestos and hazardous materials management; property contamination testing and work place drug testing; environmental testing; and on-site testing and monitoring services, as well as environmental and property management software solutions. The company also provides food and environmental laboratory services, which include honey, milk, and dairy laboratory testing; food origin testing; drugs of abuse laboratory testing; asbestos laboratory analysis; environmental laboratory testing; and other laboratory research and development services. In addition, it offers geotechnical investigation and study; temporary works design and inspection; construction phase verification; earthworks supervision; soil, concrete, and aggregate testing; and onsite mobile laboratory testing services. Further, the company provides information management software solutions for asbestos and hazardous materials; field management software solutions; and customized compliance solutions and applications relating to workplace health and safety. It serves customers in the food, environmental, occupational hygiene, and construction industries. The company was incorporated in 2006 and is headquartered in Brisbane, Australia.
Historical performance
Stock information
Market capitalization: $79393920
P/E ratio: 0
PEG ratio: 0
Dividend yield: 0%
Company summary
As of October 21, 2020, operates as a subsidiary of Iberdrola Renewables Australia Pty Ltd.
Historical performance
Stock information
Market capitalization: $902797504
P/E ratio: 232.5
PEG ratio: 0
Dividend yield: 0.0215%
Company summary
Infratil Limited is an infrastructure investment firm specializing in digital Infrastructure, renewables, and social infrastructure. They prefer to invest in renewable electricity, data centers, telecommunications networks healthcare, and airports. It invests around the world. Infratil Limited was incorporated in 1994 and is based in Wellington, New Zealand.
Historical performance
Company summary
Mission NewEnergy Limited produces, refines, distributes, and wholesales biodiesel in Malaysia. The company was incorporated in 2005 and is headquartered in Subiaco, Australia.
Historical performance
Stock information
PEG ratio: 0
Company summary
Mercury NZ Limited, together with its subsidiaries, engages in the production, trading, and sale of electricity and related activities in New Zealand. The company operates through Generation/Wholesale, Retail, and Other segments. It operates 9 hydro generation stations on the Waikato River; 6 wind plants; and 5 geothermal generation stations in the central North Island. The company sells electricity to residential, commercial, industrial, and spot market customers under the GLOBUG, Trustpower, and Mercury brands. It also provides piped natural gas; broadband and telecommunication; mobile services; and other products. The company was formerly known as Mighty River Power Limited and changed its name to Mercury NZ Limited in July 2016. The company was incorporated in 1998 and is based in Auckland, New Zealand.
Historical performance
Company summary
New Energy Solar Limited acquires, owns and manages large scale solar generation facilities. The firm may also invest in other renewable energy assets including wind, geothermal, hydro-electricity, hybrid solutions and owns and manages large scale solar generation facilities. New Energy Solar Limited was established in 2015 and is based in Sydney, Australia.
Historical performance
Company summary
ReNu Energy Limited develops renewable and clean energy solutions in Australia. The company originates and develops green hydrogen projects; develops, assembles, and sells batteries designed for re-use and repair; develops water based redox flow batteries (RFBs) and supercapacitors; and develops powertracer, a grid-scale renewable energy trading and tracing solution. It also commercializes the Cobber, a micro renewable energy generator. The company was formerly known as Geodynamics Limited and changed its name to Renu Energy Limited in November 2016. ReNu Energy Limited was incorporated in 2000 and is based in Milton, Australia.
Historical performance
Company summary
Genex Power Limited develops and commercializes renewable energy generation and storage projects in Australia. The company generates power through hydro, wind, and solar projects. Its flagship project is the Kidston Clean Energy Hub comprising 50MW solar project and the 250MW Kidston Pumped hydro project located in the north Queensland. Genex Power Limited was incorporated in 2011 and is based in Sydney, Australia.
Historical performance
Company summary
Kalina Power Limited engages in the power business in Australia, China, Canada, and the United States. It generates power primarily from waste heat and geothermal sources using its Kalina Cycle technology. The company was formerly known as Enhanced Systems Technologies Limited and changed its name to Kalina Power Limited in June 2015. The company was incorporated in 1950 and is headquartered in Hawthorn, Australia.
Historical performance
Company summary
Protean Energy Limited operates as a vanadium exploration company in South Korea. It focuses on the commercialization activities associated with the energy projects. The company also develops the Daejon vanadium project in South Korea. In addition, it holds interest in the Gwesan vanadium project located in South Korea. The company was incorporated in 2006 and is headquartered in Perth, Australia.
Historical performance
Stock information
Market capitalization: $5855517
P/E ratio: 0
Dividend yield: 0%
Company summary
Petratherm Limited, together with its subsidiaries, engages in the mineral exploration activities. It explores for gold, copper, iron-oxide, and rare earth minerals. The company was incorporated in 2003 and is based in Norwood, Australia.
Historical performance
Stock information
Market capitalization: $5618775
PEG ratio: 0
Company summary
RedFlow Limited develops, manufactures, and sells zinc-bromine flowing electrolyte batteries worldwide. It offers ZBM3 flow battery; quadpod and energy pods, scalable energy storage solutions; and battery management systems. The company's batteries are used in telecommunications, commercial and industrial, grid-scale, and residential applications. RedFlow Limited was founded in 2005 and is headquartered in Brisbane, Australia.
Tilt Renewables Limited, together with its subsidiaries, engages in the development, ownership, and operation of electricity generation facilities. The company operates through Australian Generation and New Zealand Generation segments. It generates electricity from renewable energy sources, such as wind and solar energy. It also provides financial services; and trades in electricity and associated products from renewable energy sources. As of March 31, 2021, the company operated 170MW of wind generation assets in Australia and 329MW of wind generation assets in New Zealand. It has strategic partnership with Genesis Energy. The company was incorporated in 2002 is based in Auckland, New Zealand. Tilt Renewables Limited is a subsidiary of Infratil 2018 Limited. As of August 3, 2021, Tilt Renewables Limited operates as a subsidiary of Powering Australian Renewables.
Historical performance
Company summary
Windlab Limited, renewable wind energy development company, develops, finances, constructs, and operates wind farms in Australia and South Africa. It also provides asset management services to various operating wind farms. The company has development portfolio of 45 projects with a capacity of approximately 7,700 megawatts. Windlab Limited was founded in 2003 and is headquartered in Canberra, Australia.
Historical performance
Stock information
Market capitalization: $67871536
Dividend yield: 0%
Note: This is a general guide only and should not be taken as investment advice. The above list may not be fully representative of the Australian renewables marketplace.
How do I invest in renewable energy?
Several categories of renewable energy stocks include solar power, wind power, biomass, geothermal and hydroelectric. Some include nuclear energy to that list despite its controversy. In some cases, you can even invest in the metals that will be used in the net-zero transition.
Below is a list of ways that you can invest in companies that support renewable energy.
ASX renewable energy stocks. You can buy shares in renewable energy companies listed on the Australian share market.
International stocks. Some of the biggest renewable energy companies are listed on stock exchanges in overseas markets such as the US or Canada. Access these through a broker that offers international shares.
Sustainability ETFs. ETFs contain a bundle of stocks, usually hundreds, and these often track an index of stocks. The renewables sector is still very small in Australia so there are few options to date for renewable energy ETFs on the ASX. There are many to choose from on global exchanges.
Micro-invest. Some investment apps such as Raiz and CommSec Pocket offer sustainability funds that may support renewable energy companies. However, keep an eye out for what you actually own to make sure it aligns with your personal values.
Superannuation. You might also be able to invest in renewable energy through your superannuation, depending on what options it offers. Most of the big funds will have an ethical option that contains some renewable equities in it while some smaller funds are exclusively related to environmental, social and governance (ESG).
You could save $1,046 a year on average in brokerage fees by switching to a more suitable online broker, according to Finder research. You might even save money by having more than one platform, especially if you are investing both in Australia and internationally.
Important: The standard brokerage fee displayed is the trade cost for new customers to purchase $1,000 of either Australian or US shares. Where a platform charges different fees for both US and Australian shares we show the lower of the two. Where both CHESS sponsored and custodian shares are offered, we display the cheapest option.
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades. Read the Product Disclosure Statement (PDS) and Target Market Determination (TMD) for the product on the provider's website.
Kylie Purcell is the senior investments editor and analyst at Finder. She has completed a Certificate of Securities and Managed Investments (RG146) and specialises in investment products including online brokers, robo-advisors, stocks and ETFs.
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