RENIXX World closes at its lowest levels for 6 years

Muenster - For the first time since mid June 2005, RENIXX World, the worldwide stock index for renewable energies, has dropped below the 500 mark, closing yesterday at 496 points. The 15 per cent rise in the index noted from the beginning to the end of March 2011, due to the reactor accident in Fukushima, has been more than wiped out, the IWR, a Renewable Energy Institute, stated in Muenster.

The stock market barometer of the renewable energy industry now stands below its level prior to the Fukushima accident. \"Since the nuclear accident in Fukushima, there has been no improvement in the difficult market situation the regenerative energy business is facing in the short term,\" said IWR Director Dr. Norbert Allnoch. The segment hardest hit is the international wind and solar power industry. Aggravating factors for the wind energy companies are the financing conditions governing new wind projects, the relatively weak US market and the difficulties encountered by western manufacturers in accessing a dominant Chinese market. Since 2010 China has been the country with the highest installed wind power capacity worldwide. The solar power market is marked by its high exposure to price pressures and reductions in the feed-in tariffs in a number of countries. The result is a reduction in the profitability of solar power companies, even though turnover may be significantly increased.

The G8 summit in the French resort of Deauville could provide a new stimulus if the heads of state and government of the eight most important industrial nations in the world were to reach an agreement on greater expansion in the field of renewable energies. \"Even in that case, however, we would hardly expect to see any real changes over the short term in the general conditions governing the industry,\" says Allnoch. \"After all, after the Chernobyl nuclear disaster in 1986 it did take three years from policy announcement before any programmes initiated at the political level were actually implemented.\"


Muenster, May 27, 2011


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