Climate change boosts green stocks
Münster - The renewable energy industrial index RENIXX World ended 2019 with significant gains. The global stock index for renewables closed at 58.2 percent (672.44 points) higher than the previous year's closing value (2018: 424.93 points), reported the Münster-based IWR, a Münster -based renewable energy institute.. This is the best annual closing index value since 2009.
In 2019, stocks in solar and fuel cell system businesses were by far the best performers. Among the RENIXX-quoted solar power firms, Enphase Energy took first place ahead of Solaredge, Jinkosolar, SMA Solar and Xinji Solar; the value of these stocks alone registered a gain of more than 100 percent within a 12-month period. The fuel cell stocks in Ballard Power and Plug Power were also trading at twice the value quoted at the start of the year.
In the case of wind energy-related stocks, those in Nordex, with a gain of 60 percent, outperformed those of Siemens Gamesa and Vestas. "The scope of the global upturn in green stock in 2019 was remarkable - only two of the 30 stocks quoted by RENIXX World suffered losses last year," points out Dr. Norbert Allnoch, the Director of IWR.
The main cause of the upswing of the RENIXX World green market barometer is the growing worldwide concern about climate change coupled with sinking costs of energy generation using solar and wind power. Allnoch added: "Currently apparent is an increasing global trend towards green investments. Even businesses in the conventional oil and gas industries are beginning to show interest in the global energy transition to ensure that they don't miss the boat when it comes to the transformation process in their own sectors."
About the global stock index RENIXX World
RENIXX World (Renewable Energy Industrial Index), ISIN: DE000RENX014, is the first global stock index to register the performance of 30 of the worlds’ leading listed companies in the pioneering field of renewable energies. Inclusion and weighting in the RENIXX is governed by free-float market capitalisation. RENIXX World can also be accessed world-wide via the international financial-information providers Reuters and Bloomberg.
WKN: RENX01, ISIN: DE000RENX014, Reuters RIC: .RENIXX
RENIXX World: https://www.iwr-institut.de/de/referenzen/forschung/renixx-world
Münster, 31 December 201
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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 (