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News Link • Energy

CHART OF THE DAY: The Epic Implosion Of The Green Energy Bubble

•, Rob Wile

The RENIXX tracks the world´s 30 largest companies in the renewable energy industry. They are given a weighting in the index is based on the market capitalization.

Companies in the index include First Solar, Suntech and Trina Solar.

The index closed last week at 159.36 points.

Compare that with its all-time high of 1918.71 in December of 2007.
The index currently has a market capitalization (free float) of approximately 11.07 Billion Euro.

Compare that with 28.67 Billion in 2009.

As of this summer, a RENIXX Powerpoint presentation showed the company remained bullish about its companies, pointing to the finite nature of fossil fuels and booming installed capacity for solar and wind facilities.

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