Welcome to MAC Solar Energy Index

“MAC Global Solar Energy Index” tracks rapidly-growing global solar industry.

The MAC Global Solar Energy Index Total Return (ticker: SUNIDX) provides a new means of tracking the rapidly-growing global solar energy industry.

The Index was developed and is maintained by MAC Indexing, LLC, an affiliate of Melvin & Company that specializes in clean energy equity research and index development.

The Index is designed to track the performance of the rapidly-growing global solar industry. Shipments of solar modules over the 6-year period of 2001-2007 showed compounded annual growth of 47%, according to PV News (www.Prometheus.org). With this strong growth, the solar industry has reached critical mass in terms of sales and profits. Photon Consulting estimates that global solar industry sales in 2007 rose by 50% to US$30 billion and that pre-tax profits rose by 56% to US$11 billion (“Solar Annual 2007,” www.Photon-Consulting.com).

Despite the solar industry’s strong growth, solar power still accounts for only 0.06% of global electricity consumption, according to Photon Consulting. That leaves plenty of room for rapid future growth. The world needs US$4 trillion in new electricity generation facilities through 2030, according to the International Energy Agency (IEA). That demand is being driven by the need for more electricity in developing countries such as China and India and also by the need to replace aging electricity generation facilities in the developed world.

Solar power offers one of the few mass-scale solutions to meet the world’s enormous demand for clean and renewable power without pollution or greenhouse gas emissions. Solar power allows the world to reduce its dependence on fossil fuels. Solar power also provides electricity end-users with the ability to generate their own electricity, thus protecting themselves from power grid unreliability and from rising electricity prices charged by utilities.

The solar sector has also grown and matured in terms of investment depth. The total market capitalization of the stock constituents in the MAC Global Solar Energy Index is currently more than about US$90 billion. The average market capitalization of the stocks in the Index is currently near US$3.8 billion and the median is near US$1.2 billion.