Press Release

Herausgeber: Internationales Wirtschaftsforum Regenerative Energien (IWR)

Third black year for green stocks

Muenster – The 2011 stock exchange year was the third in a row to disappoint investors in green shares. The IWR, a renewable energy institute, reported that the RENIXX World (Renewable Energy Industrial Index) was quoted at 168.69 points at year-end, 30.1 percent down on the previous year (241.28). The stock exchange barometer for renewables had already lost 29.3 percent in 2010, and in 2011 collapsed by 54.4 percent.

International stocks of solar companies were among the biggest losers in 2012. No fewer than six solar stocks recorded price losses of more than 50 percent. These were led by LDK Solar from China (-72.8%), followed by REC from Norway (-67.9%), SolarWorld (-67.4%), GT Advanced Technologies from the USA (-60.8%), SMA (-54.9%) and Meyer Burger from Switzerland (-54.1%). Only five RENXX stocks managed to post profits. Apollo Solar (China) topped the list of winners on the RENIXX, gaining 21 percent, ahead of Ormat Technologies (geothermal energy, USA) up 7.1 percent, CropEnergies (Germany, bioethanol) up 5.5 percent, Power-One (USA, solar) up 5.3 percent and Zoltek (USA, wind energy) with a slight gain of 0.3 percent.

The reason for the persistent declines in stock prices can be found in the high competitive and cost pressure to which companies in the renewable energy industry are exposed. “The global expansion of renewable energy continues unabated, but investors have to hold their nerve at the moment” said IWR director Dr. Norbert Allnoch.

New composition of RENIXX as of 01.01.2013
LDK Solar, a manufacturer of PV products, and the Canadian renewable energy company Alterra Power are leaving the index on 1 January 2013, as part of its regular recomposition. Brookfield Renewable (Canada, supplier) and Capital Stage (Germany, supplier), two investors in and operators of renewable projects, will replace them.

Muenster, 28 December 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
Germany
Phone: +49 (0)251 / 23 94 6-0
Fax: +49 (0)251 / 23 946-10
Email: info@iwr-institut.de
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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 (

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