Press Release
Publisher: Internationales Wirtschaftsforum Regenerative Energien (IWR)
Renewable energy shows strong growth worldwide
Münster - The sustained high international demand for renewable energy technologies, such as wind turbines and solar systems (generation of electricity and heat), has sparked a jump in last year’s sales figures of the industry’s listed companies across the globe. The International Economic Platform for Renewable Energies (IWR) in Münster, Germany, announced that the revenues of 30 international companies listed in the RENIXX World, the global share index for renewable energies, rose by 50.4 percent to 19.4 billion euros in 2007 (2006: 12.9 billion euros). This development shows clear signs of accelerated growth compared to 2005/2006, when revenues jumped by 34.5 percent.
“In the revenue distribution by continent, RENIXX companies in Europe, having gained 75.8 percent in 2007, are clearly ahead of Asia (12.6 percent) and North America (11.6 percent),” explains Dr. Norbert Allnoch, Director of the IWR. However, Asian companies, achieving 165 percent, boasted the highest average growth rate in 2007 ahead of North American (90 percent) and European companies (40 percent).
Among the top 5 companies with the highest revenues listed in the RENIXX-World for 2007, the Danish wind turbine manufacturer Vestas (4.9 billion euros) placed first beating out both the Spanish company Gamesa (3.3 billion euros) and Iberdrola Renovables (953 million euros). According to the IWR, the Chinese company Suntech Power took fourth place (1.4 billion USD = 916 million euros as of 12/31/2007) followed by the German solar power company Q-Cells (859 million euros).
About RENIXX World
RENIXX World (share index for renewable energy) is the first worldwide share index that tracks the performance of the largest companies - measured on their market capitalization - in renewable energy technologies, the industrial field of the future. In order to be listed in the index, companies must generate more than 50 percent of their revenue within the renewable energy industry.
Download RENIXX rate data from as early as 2002 (EXCEL): https://www.iwr.de/renixx/kursdaten
Münster, Germany, April 11, 2008
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Dr. Norbert Allnoch, International Economic Platform for Renewable
Energies (IWR).
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The press release "Renewable energy shows strong growth worldwide " von International Economic Platform for Renewable Energies (IWR) is also available in the following languages:
- Weltweit kräftiges Wachstum bei regenerativen Energien - RENIXX-Konzerne glänzen 2007 \nJahresbilanzen Regenerative Energiewirtschaft
- Gran crecimiento de las energías renovables en todo el mundo: las empresas de RENIXX brillan con luz propia en 2007 - Balances anuales de la industria de las energías renovables
- Une croissance soutenue des énergies renouvelables dans le monde entier - une brillante année 2007 pour les groupes de l’indice RENIXX - Bilans annuels de l’industrie des énergies renouvelables
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About Internationales Wirtschaftsforum Regenerative Energien (IWR)
In 1996, the International Economic Platform for Renewable Energies (IWR) was established as an independent and private service institution of the renewable energy industry. The IWR focuses on the fields of research, economic and policy consultation as well as media and international networks in the renewable or regenerative energies sector. One main objective of the IWR is to play an instrumental role in introducing and spreading awareness for an industrial, international business profile of the renewable energy industry.
Dr. Norbert Allnoch, Director of the International Economic Platform of Renewable Energies (IWR), 1995, on the definition: "According to our definition, the Renewable Energy Industry is one which takes an interdisciplinary approach to the issue of renewable energy supply (protecting both the climate and resources) and the construction of renewable plants and systems (industry policy for the three areas electricity, heat and fuel."Chronology of the Renewable Energy Industry - Important IWR contributions, including prizes and awards - 2007 Publication of the first structural analysis for a federal state according to the IWR-analysis method for renewable systems engineering and services�(study "Zur Lage der regenerativen Energiewirtschaft in NRW" )2007 International network-contacts:IWR-director Dr. Allnoch speaks with King Harald V. of Norway and �slaug Haga, norwegian minister of energy Presentation of the network / RENIXX in the USA, dialogue with McGinty, environment minister of Pennsylvania2006 IWR starts renewable stock index RENIXX� (