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Europe s first solar energy focused ETF to launch in London in June
“The Solar Energy UCITS ETF ‘TANN’ provides a more focused opportunity than simply looking at clean energy.”
Europe’s first Solar Energy UCITS ETF (LON:TANN) will be launched in June on the HANetf platform and list on the LSE.
TANN is aiming to tap into one of the fastest sources of new energy with forecasts pointing to US$4.2trn of new solar capacity investment through 2050.
Already one of the cheapest sources of clean energy, costs are forecast to continue to decline as technology improves with TANN to rack the EQM Global Solar Energy Index (SOLARNTR).
TANN is expected to fall under Article 8 of the Sustainable Finance Disclosure Regulation (SFDR) and will track the EQM Global Solar Energy index, which is focused on companies that derive significant revenue from solar energy-related business operations . This includes the manufacture of solar cells and energy storage systems, generators of solar energy and providers of solar power systems.
Current top ten holdings include Motech Industries, TSEC, DAQO New Energy, Meyer Burger Technology and United Renewable Energy.
According to data from Bloomberg New Energy Finance, solar capacity investment is forecast to hit $4.2trn by 2050 and solar energy is set to be the largest source of global electricity capacity by 2040.