Deutsche Borse launches global green energy index

A new green energy index recently launched by the German stock exchange will track the performance of the biggest players in the alternative power market.

The DAXglobal Alternative Energy Index tracks the 15 largest companies worldwide in the areas of natural gas, wind energy, solar energy, ethanol and geothermal energy. Within the index, the five sectors are weighted with 20 per cent each, each containing three companies. To be included in the index, companies must be at the top of their business segment in terms of market capitalization and average trading volume.

Fifteen companies have made it onto the list, including wind power giants REPower, Vestas and Gamesa, solar power companies Tokuyama and Solarworld, and ethanol-makers Headwaters, as well as BP in the natural gas sector.

The Daxglobal alternative energy index on Deutsche-Borse