## [# Global X Debuts 2 Renewables ETFs](/sections/daily-etf-watch/global-x-debuts-2-renewables-etfs)
# Global X Debuts 2 Renewables ETFs
The thematic issuer’s newest funds aim for exposure to wind and solar companies.
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[By Dan Mika](/contributors/dan-mika)
Sep 09, 2021
Edited by: Dan Mika
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Global X launched two ETFs covering the solar and wind energy industries, bringing some concentration to an existing stable of broader clean energy ETFs.
The **[Global X Solar ETF (RAYS) ](https://www.sec.gov/Archives/edgar/data/0001432353/000143235321000437/a497k-solar.htm)**and the [**Global X Wind Energy ETF (WNDY)**](https://www.sec.gov/Archives/edgar/data/1432353/000143235321000403/a497k-windenergy.htm) debuted on the Nasdaq Thursday morning, both bearing an expense ratio of 0.50%.
The two funds follow custom indices from Solactive that track global companies involved in producing raw materials for wind turbines and solar panels, or are involved in installing and generating power from those systems. Companies with less than $200 million in market capitalization are excluded, as are companies deemed to be in violation of the United Nations Global Compact.
While a handful of clean energy ETFs tracking the broad industry are already on the market, Global X’s newest offerings only have one direct competitor each. The [**First Trust Global Wind Energy ETF (FAN)**](https://www.etf.com/FAN) is slightly more expensive than WNDY at 62 basis points and has so far lost 2.8% during the year, while the [**Invesco Solar ETF (TAN)**](https://etf.com/TAN) costs 68 basis points and has lost 16.27% year-to-date.
The timing for RAY’s launch unintentionally coincided with the Biden administration’s [release of a plan](https://www.nytimes.com/2021/09/08/business/energy-environment/biden-solar-energy-climate-change.html) to expand solar’s size in the U.S. energy mix from 4% today to 50% by 2050, and is the second Global X fund that stands to benefit from the vast policy proposals from the White House.
The other is the [**Global X U.S. Infrastructure Development ETF (PAVE)**](https://www.etf.com/PAVE), which is the largest infrastructure industry ETF on the market at a time when Congress is largely in agreement over a $1 trillion hard infrastructure spending plan but debating a broader $3.5 trillion budget.
*Contact Dan Mika at* [***dan.mika@etf.com***](mailto:dmika@etf.com)*, and follow him on* [***Twitter***](https://twitter.com/DanMikaTweets)
[ Dan Mika ](/contributors/dan-mika)
Dan Mika is a reporter for etf.com. He has previously covered business for the Ames Tribune and Cedar Rapids Gazette in Iowa, and BizWest Media in… [View Bio](/contributors/dan-mika)
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