Green Shares: RENIXX World loses for the third year in succession
The trading year 2012 was disappointing for investors in green shares for the third year in succession. The principle international index for regenerative energy RENIXX World (Renewable Energy Industrial Index) was trading at 168.69 points at the end of the year, which is 30.1 per cent lower than one year previously (241.28 points). The regenerative trading barometer already lost 29.3 per cent in 2010 and in 2011 the index lost 54.4 per cent. The reason for the sustained price reductions is the high competitive and cost pressure to which companies in the sector of regenerative energy are subjected.RENIXX re-configuration from 1.1.2013
Within the framework of the scheduled re-configuration on January 1st, 2013 the solar manufacturer LDK Solar and the Canadian regenerative energy producer Alterra Power will leave the index because of the falling market capitalisation. Newcomers Brookfield Renewable (Canada, Supplier) and Capital Stage (Germany, Supplier) are two investors and operators of regenerative energy projects.
(Third black year for green stocks – RENIXX World falls by 30.1 percent in 2012)
Released on: 2012-12-28