S&P Global Clean Energy Index: A Shot In The Dark

S&P Global Clean Energy Index: A Shot In The Dark

Is it possible to invest effectively in renewable energy without the stocks of world's two largest producers of wind and solar? Standard & Poor's apparently wants us to find out after removing NextEra Energy NEE , Enel SpA (ENEL, ENLAY) and 13 other mostly utility companies from its self-proclaimed "Global Clean Energy Index." NextEra is currently the world's number one producer of electricity from the wind and sun. And with more than 18 gigawatts of capacity in its near-term development pipeline, it's set to remain in the top spot for the foreseeable future. Enel, meanwhile, is on track to operate 145 GW of renewable energy by 2030. The company's once massive fleet of coal-fired power plants will be completely shut down by 2027. And the utility is in the forefront of green hydrogen development, utilizing electrolysis powered by renewable energy. Golden Hills Wind farm in Alameda County, California is a 85. 9 megawatt wind farm with 48 1. 7mw GE ... [+] wind turbines developed by Nextera Energy Resources for Google. Nonetheless, as of this month, investors buying into ETFs and other "green" investment strategies based on this index will no longer have a stake in these two prolific developers