Solar Energy Lighting up the Market
By Joy Yang, Global Head of Index Product Management
Solar energy capacity are expected to double over the next five years globally and renewable energy companies are set to dominate the construction of new power infrastructure in the coming years, according to the International Energy Agency’s World Energy Outlook 20201, making it “the centre of this new constellation of electricity generation technologies.” The solar industry ecosystem adapted quickly to COVID-19 and has proven resilient to the crisis with significant outperformance to markets over the last 12 months. The BlueStar Solar Energy Industry Index, which captures exposure to globally listed companies that attribute a majority of revenue or operating assets to solar energy activities or technologies, is up over 260% for the last 12 months (as of Jan 7, 2020).
BlueStar Solar Energy Industry Index
Source: MV Index Solutions GmbH. All values are rebased to 1000. Data as of 7 January 2021.
Joy Yang is Global Head of Index Product Management at MV Index Solutions (MVIS). She is responsible for managing MVIS products and services to accelerate innovation in financial index design and adoption. Joy brings more than 25 years of investment experience to MVIS, having led teams delivering index and quantitative-active investment solutions at Arabesque Asset Management, Dimensional Fund Advisors, Vanguard, Aberdeen Standard Investments, AXA Rosenberg and Blackrock. Joy has an MBA from the University of Chicago Booth School of Business, and a BS in Electrical Engineering from Cooper Union’s Albert Nerken School of Engineering.
The article above is an opinion of the author and does not necessarily reflect the opinion of MV Index Solutions or its affiliates.