Trend: Investors Continue to Back Renewable Energy Sources
Münster (iwr press service) – share performance in the renewable energy industry has continued its unbroken upward trend in the first quarter of this year. The global stock index RENIXX (Renewable Energy Industrial Index) was up 25 per cent in the first three months, far out-performing other indices such as the DAX (+ 4.9 %) and TecDAX (+ 13.2 %), reports the International Economic Platform for Renewable Energies (IWR) in Münster, Germany.
“The legally binding expansion targets for renewable energy sources in the EU, the global climate debate and now the oil price rising again are the key factors behind the good RENIXX performance,” says IWR Director Dr. Norbert Allnoch. In Germany, the mood in the renewables industry has lifted considerably, especially following the EU rulings. The business climate index for the renewable energy industry, which has been published by the IWR since 2004, jumped to 114.7 points in March (February: 105.9), bringing it back almost to the heights of December 2006.
RENIXX World and current stock price performance in the Internet:
Business climate index: www.iwr.de/geschaeftsklima
Münster, 3rd April 2007
Please contact Dr. Norbert Allnoch for any further information:
International Economic Platform for Renewable Energies (IWR)
Grevener Straße 75
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 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 (