Renewable stocks: The China trend in RENIXX continues
Muenster - The trend towards the increasing presence of Asian companies in the international stock index for renewable energies, RENIXX World, is continuing. Following the index adjustment of 1 July 2011, 13 of the 30 companies already listed in RENIXX hail from Asia, 11 of these from China and one each from India and Taiwan. Five years before, Suntech Power was the only Asian company represented in RENIXX, states the IWR, a renewable energy institute, in Münster. \"China\'s successful industrial policy in the field of renewable energy technologies is clearly reflected in RENIXX\", said IWR Director Dr. Norbert Allnoch.
A total of five names found their way into the RENIXX World index of 1 July in the course of the regular inspection of its representation. Free Float market capitalisation is the basis on which renewable companies are included. Two Chinese company names are now included in RENIXX: the wind turbine manufacturer Mingyang and the solar company Hanwha SolarOne (previously Solarfun). Also included in the index are the German supplier of manufacturing equipment for the PV industry, Centrotherm Photovoltaics, the US supplier of carbon fibres for the wind energy industry, Zoltek, and the Canadian plant operator Alterra Power. The two renewable energy subsidiaries of the energy corporations EDF and Iberdrola dropped out of the index. The parent companies in both cases decided to buy back their renewable energy divisions EDF Energies Nouvelles (France) and Iberdrola Renewables (Spain). Others who dropped out were the US specialist for solar module encapsulation STR Holdings, the Chinese wafer producer Renesola and the Belgian wind energy gearbox manufacturer Hansen Transmissions.
RENIXX closed the first 6 months of 2011 with a loss of 10.3 percent on 474.85 points (final status: 30.06.2011). The index continued on a downward trend up to the reactor disaster in Japan in March. The interim recovery following the events in Fukushima has, in the meantime, fizzled out completely. With 454.87 points on 27 June 2011, RENIXX recorded a record low since May 2005.
RENIXX World: https://www.renewable-energy-industry.com/stocks
Muenster, July 4, 2011
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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 servicesï¿½(study "Zur Lage der regenerativen Energiewirtschaft in NRW" )2007 International network-contacts:IWR-director Dr. Allnoch speaks with King Harald V. of Norway and ï¿½slaug 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 RENIXXï¿½ (