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 covers the renewables and cleaner energies sectors, including solar, wind, geothermal, natural gas, ethanol and hybrid propulsion.

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.

To qualify, companies had to be top in armlet capitalisation and trading volume at the stock exchange.

Goska Romanowicz

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