Wind Energy ETFs
Wind power is one of the fastest-growing sources of electricity globally, and ETFs offer investors a diversified way to gain exposure to the companies building, operating, and supplying the wind energy industry.
FAN, the First Trust Global Wind Energy ETF, is the only remaining US-listed wind energy ETF following the liquidation of WNDY in 2025.
AUM figures are updated monthly. Click any row to expand fund details and top holdings.
| Fund | Ticker | AUM ▼ | ||||
|---|---|---|---|---|---|---|
First Trust Global Wind Energy ETFFirst Trust |
FAN | $259M | ||||
First Trust Global Wind Energy ETFThe First Trust Global Wind Energy ETF (FAN) tracks the ISE Clean Edge Global Wind Energy Index, which measures the performance of publicly listed companies actively engaged in the wind energy industry worldwide. Launched in June 2008, FAN is one of the longest-running clean energy ETFs on the market, holding 47 positions across turbine manufacturers, wind farm developers, independent power producers, and component suppliers. FAN’s portfolio is heavily weighted toward European wind energy leaders, with Denmark, Germany, and the United States representing the largest country allocations. The fund’s sector split leans toward utilities (roughly 55%) and industrials (roughly 42%), reflecting the capital-intensive nature of the wind power value chain. With approximately $259M in AUM, FAN is the sole remaining US-listed wind energy ETF following the liquidation of the Global X Wind Energy ETF (WNDY) in 2025. Fund Details
AUM$259M
Expense Ratio0.60%
Inception2008-06-16
ExchangeNYSE Arca
StructureETF
Top 5 Holdings
Vestas Wind Systems9.17%
Ørsted A/S8.31%
Nordex SE8.12%
EDP Renováveis6.80%
Northland Power6.09%
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Latest Wind ETF Coverage From GSR
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Key Terms Full Glossary →
Wind turbines installed on land, typically in rural or semi-rural areas with consistent wind resources. Onshore wind is currently the most cost-competitive form of new electricity generation in many regions and accounts for the majority of global installed wind capacity.
Wind turbines installed in bodies of water, usually on the continental shelf. Offshore wind farms benefit from stronger, more consistent wind speeds than onshore sites, but require significantly higher capital expenditure for foundations, undersea cabling, and specialised installation vessels. Offshore wind is a rapidly growing segment with major projects under development in Europe, the US, and Asia.
The ratio of a wind farm’s actual energy output over a given period to the maximum possible output if the turbines ran at full rated capacity the entire time. Higher capacity factors indicate more productive wind sites. Offshore turbines typically achieve capacity factors of 40–55%, while onshore turbines range from 25–45%.
A long-term contract between a wind farm operator and an electricity buyer (often a utility or corporate offtaker) that fixes the price of electricity for a set period, typically 10–25 years. PPAs provide revenue certainty for wind developers and are a key factor in project financing and investment decisions.
The annual fee charged by an ETF to cover management, administration, and operational costs, expressed as a percentage of assets under management. A lower expense ratio means less drag on returns over time.
The total market value of all investments managed by an ETF. Higher AUM generally indicates greater liquidity, tighter bid-ask spreads, and lower trading costs for investors. AUM fluctuates with market prices and fund inflows or outflows.
FAQ
There is currently 1 US-listed wind energy ETF: FAN (First Trust Global Wind Energy ETF) with approximately $259M in AUM. The Global X Wind Energy ETF (WNDY) was the only other option but was liquidated in 2025, leaving FAN as the sole dedicated wind energy ETF for US investors.
FAN tracks the ISE Clean Edge Global Wind Energy Index and invests in publicly listed companies active in the wind energy industry worldwide. Its 47 holdings span turbine manufacturers like Vestas and Nordex, wind farm developers and operators like Ørsted and EDP Renováveis, and independent power producers like Northland Power and Boralex. The fund is heavily weighted toward European companies, with Denmark, Germany, and the United States as its largest country exposures.
The First Trust Global Wind Energy ETF (FAN) charges an expense ratio of 0.60%, which is capped through January 2027. This is in line with other niche thematic ETFs focused on specific clean energy subsectors.
No. FAN holds a broad range of companies across the wind energy value chain, including turbine manufacturers like Vestas and Nordex, wind farm developers and operators like Ørsted and EDP Renováveis, independent power producers like Northland Power and Boralex, and component suppliers. This gives investors diversified exposure to the entire wind energy industry rather than just one segment.
The Global X Wind Energy ETF (WNDY) was liquidated in 2025 after failing to attract sufficient assets. At its closure, WNDY held only around $3M in AUM — well below the level typically needed for an ETF to be commercially viable. FAN remains the only US-listed wind energy ETF.