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NextEra, Renewables Giants Among 15 Kicked Off Clean Energy Index

  • NextEra, Drax and Enel taken off S&P Global Clean Energy Index
  • Total of 15 firms were removed from the index on Monday
Wind turbines owned by NextEra Energy Inc., in Whitewater, California.

Wind turbines owned by NextEra Energy Inc., in Whitewater, California.

Photographer: Bing Guan/Bloomberg
Corrected

Three heavyweights in renewable technology have been removed from a key S&P Dow Jones clean energy index, as the index provider tightened membership requirements.

NextEra Energy Inc, Drax Group and Enel SpA were among 15 companies removed from the Global Clean Energy Index on Monday. The index predominantly includes utility companies with low exposure to weapons, thermal coal, oil, shale and gas exploration.