Friday, 18 May 2012
The Global Renewable Energy Index is crashing
Oh dear. Read the whole lot here. And just remember this - in Australia, some unions have poured a lot of superannuation money into these money pits. If the Australian renewable sector goes the same way, a lot of union members are going to have their retirement funds hammered.
The RENIXX® (Renewable Energy Industrial Index) World is the first global stock index, which comprises the performance of the world´s 30 largest companies of the renewable energy industry whose weighting in the index is based on the market capitalization (free float).
Since 2008, the index has lost about 90% of its value. In the last month, the nosedive seems to be accelerating
Solar Trust of America
Olson’s Crop Service
Energy Conversion Devices
Teetering on the Brink:
The Bard Group
Enel Green Power
Badly proofread by Boy on a bike at Friday, May 18, 2012