Renewable energy stock index so far loses over 40 percent in 2011
Muenster - The downward trend in stocks of companies from the renewable energy industry, a trend which has persisted for almost three years, still continues. The industry’s global stock barometer, the RENIXX World, fell below the 320 point mark, meaning it has lost more than 40 percent since the beginning of 2011, reported the IWR, a renewable energy institute, in Muenster. \"The nuclear reactor accident in Fukushima in March merely resulted in a brief surge, after which the market resumed its decline,\" said IWR Director Dr. Norbert Allnoch in Muenster. The RENIXX World has already lost 80 percent since its all-time high of 1,918.7 points in 2007.
Shares in Chinese wind and solar companies in particular have come under pressure, some falling more than 70 percent. Nor were the three German companies listed on the RENIXX – centrotherm photovoltaics, Nordex und SolarWorld – able to escape the negative trend.
RENIXX performance online: https://www.iwr.de/renixx-online
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, September 21, 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 (