From 18 March SolarWorld will be replaced on the TecDAX by Telefónica Deutschland, the German subsidiary of Spanish telecoms giant Telefónica.

The TecDAX index, operated by Deutsche Börse, tracks the performances of the 30 largest public German technology companies.

Only a few years ago Germany’s vaunted renewables sector made up a major portion of the index. But with SolarWorld being shown to the exit – following other fallen PV giants like Centrotherm, Q-Cells and Conergy – the renewables business will be represented on the TecDAX by just two companies, SMA Solar and Nordex.

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