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Press Release

Publisher: Internationales Wirtschaftsforum Regenerative Energien (IWR)

Another black year for green shares

Muenster - The 2011 stock exchange year once again disappointed the investors in green shares. The IWR, a renewable energy institute, reported in Muenster that the RENIXX World (Renewable Energy Industrial Index) was quoted at 241.28 points at year-end, 54.4 percent down on the previous year (529.63). The stock exchange barometer for renewables had lost 29.3 percent in 2010 already.

With losses of between 60 and 80 percent, Chinese wind and solar companies were among the biggest losers. American Superconductor stock recorded the highest losses, collapsing by almost 87 percent. Among the German companies, losses were recorded at 28.3 percent for Nordex stock, 39.3 percent for SMA Solar, 56.5 percent for SolarWorld and 63.6 percent for Centrotherm. Whilst global industrial company stock had to contend with sometimes very high losses, renewable supplier companies were in a better position. The stock of the Italian company Enel Green Power (+ 2.7 percent) and the Spanish renewable supplier EDP Renovaveis (+ 0.8 percent) bucked the trend to record slight gains.

The reason for the drastic collapse in stock prices may be found in the disappointing current financial position of the companies. Says IWR director Dr. Norbert Allnoch: \"2012 can actually only turn out better.\"

Two Chinese companies will be relegated within the framework of the routine revision of the list of companies on January 1, 2012: the PV manufacturer Hanwha SolarOne and the wind farm operator China Windpower. The German Bioethanol producer Cropenergies and the US solar company STR Holdings will be joining the RENIXX World list of companies.

About the RENIXX World
The RENIXX World is the first worldwide stock index for the renewable energy industry. The index comprises 30 international stocks. The companies must generate at least 50 percent of their revenue in the field of renewable energy and the companies’ weighting in the index is based on free-float market capitalization. The RENIXX World is a global market barometer and a reflection of the renewable energy market’s development worldwide.

RIC (Reuters Instrument Code): .RENIXX
Name: RENIXX® - Renewable Energy Industrial Index – World

Muenster, January 3, 2012

Publication and Reprint free of charge; please send a voucher copy to
the International Economic Platform for Renewable Energies (IWR).

Attention editorial offices: For further questions please contact Mr.
Dr. Norbert Allnoch, International Economic Platform for Renewable
Energies (IWR).

Soester Str. 13
48155 Muenster
Phone: +49 (0)251 / 23 94 6-0
Fax: +49 (0)251 / 23 946-10

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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� (