Stock Exchange: USA overtakes China in renewable stock index RENIXX World
- New index composition: SolarWorld drops out after 7 years
Muenster - The American companies have strengthened their position in the worldwide stock index for renewable energies RENIXX World. The recently updated index´s new composition has the USA with eight companies once again assuming the lead from China, which dropped from its top position with only seven remaining companies represented in the index. Since 2010 China had continuously maintained its preeminence in the ranking. Germany landed once again five companies in the index, which afforded it third place in the index ranking.
In the course of the biannual major adjustment of the index composition, which took effect on July 1, 2013, four companies have dropped out of the RENIXX listing. Besides the US wind energy supplier American Superconductor and the Chinese solar module manufacturer Suntech Power, the wind power producer China WindPower and the German solar company SolarWorld bowed out of the index. SolarWorld had been part of the RENIXX since the inception of the index in May 2006. The only other companies that have maintained their presence in the market barometer since the very beginning are the wind turbine maufacturers Vestas, Gamesa and Nordex. Four new companies including the photovoltaic project planner SolarCity, the fuel cell manufacturer FuelCell Energy (both USA), the solar panel producer Canadian Solar and the German wind energy project planner PNE Wind have made the leap into the new edition of the RENIXX listing.
About the RENIXX World
Established in 2006, RENIXX World is the first index to track the performance of leading listed international companies in the renewable energy industry. The free-float market capitalization is the decisive factor for the weighting. Companies must achieve at least 50 percent of their revenue in the renewable energy industry to be included in the index.
WKN: RENX01, ISIN: DE000RENX014, Reuters instrument code (RIC): .RENIXX
RENIXX World online:
New edition of the RENIXX listing and corresponding weightings:
Muenster, 3 July 2013
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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 (