As part of the regular quarterly index review process that takes effect after the close of business on September 18, 2020, the following stocks will be added to the index: Renova Inc (9519 JT) with an Exposure Factor of 0.5, Meyer Burger Technology AG (MBTN SW) with an Exposure Factor of 1.0, Azure Power Global Ltd (AZRE US) with an Exposure Factor of 1.0, and Clearway Energy Inc-C Shares (CWEN US) with an Exposure Factor of 0.5. There are no other changes.
Effective as of the close of business on Tuesday, March 22, SunEdison (SUNE) was removed from the index.
Solar is becoming ever less dependent on government incentives due to falling solar costs and is already grid-competitive without subsidies in many geographical areas and in even more areas during peak electric-ity demand times.
Solar energy costs have plunged in the past several years and will continue to decline in coming years in line with improved technology, thus dramatically improving solar economics for consumers and boosting global demand and unit sales.
Solar energy has already become a major global industry with $77 billion of sales in 2012, according to IHS, representing compounded annual growth of 33% since 2000.
$4 trillion in new global electricity generation is needed by 2030 (IEA), which means there is a huge market with decades of rapid potential growth for solar.
Solar is a distributed source of electricity that helps protects home and business owners from the grid dis-ruptions and from electric utility rate increases.
Solar energy is one of the very few long-term solutions for the world’s energy needs with zero operational pollution/CO2 emissions (versus fossil fuels), free fuel from sunlight (versus coal and natural gas fuel costs), and near-zero operational risk (versus nuclear disasters).
Clean solar energy promotes energy security, public health, and a cleaner and safer environment.
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