05 June 2007
Renewable Energies – RENIXX World Stock Index up 3.9% in May for an All-Time High
- Tailwind thanks to the international climate debate
- Business climate index rises to 114.8 points
Münster - Continuing their favorable view of shares in the renewable energy industry, investors have kept up their spending spree. The RENIXX World Renewable Energy Industrial Index finished May up 3.9% at 1284.08 points (April 2007: 1235.51), a new all-time high, announced the International Economic Platform for Renewable Energies (IWR) in Münster, Germany.
The renewable stock exchange barometer has increased 38.73% since the beginning of the year. “The industry is enjoying a strong tailwind thanks to the ongoing climate debate. The overall favorable environment for investments in renewable energy technologies continues to improve, especially internationally,” said IWR Director Dr. Norbert Allnoch. Sales of RENIXX shares climbed to EUR 2.235 billion in May on the German stock exchanges (April 2007: EUR 1.573 billion).
The mood in the companies of the industry has also improved in the past month. The industry’s business climate index for Germany rose to 114.8 points in May (April: 107.3 points). Although the current situation of the companies was worse compared to the previous month, companies’ expectations have brightened considerably for the next six months.
RENIXX World current stock price performance in the Internet:
Business climate index (2004 - 2007): http://www.iwr.de/geschaeftsklima
Münster, June 5, 2007
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Phone: +49 (0)251 / 23 94 6-0
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