Asian Photovoltaic Technology Show: Germany Offers Top Conditions for Asian Investors



    SHENZHEN, China, Jan. 15 /CNW/ - Solar energy companies increased
worldwide output by over 50% in 2007. Experts believe that the sector has
plenty of room to grow, especially as the increasing price of oil forces
global leaders to seek alternative forms of energy. Asia's strong interest in
renewable energies is translating into rising profit potential for Asian
companies. As the world's leading location for photovoltaic (PV) investments,
Germany is essential to helping Asian companies optimize research and
development (R&D), manufacturing, and market access. This year's Asian
Photovoltaic Technology Show will offer information to Asian companies on how
they can benefit from Germany's leading position in the world PV market. The
trade fair runs from January 16 to 18 in the Chinese city of Shenzhen.
    Germany is home to numerous domestic and international PV companies of
all sizes. The country's world-renowned Renewable Energy Sources Act (EEG) is
helping to secure the domestic market while the "Made in Germany" label is
trusted worldwide, cementing Germany's export success. Germany is the world's
largest PV market. In 2007, it added an estimated 1.3 gigawatts (GW) of
installed capacity, an increase of more than 30% over 2006. PV production is
growing in Germany because the country is establishing superb conditions for
new investment.
    The EEG is favorable to PV energy. It sets a "feed-in tariff," more than
twice the market price that owners of PV products receive when their energy is
sold to utility companies. By law, this price remains constant for twenty
years. The EEG therefore provides an incentive for consumers to buy PV
products, and Germany's favorable conditions are resulting in significant
returns for PV investors: In 2006, the PV industry had an estimated
EUR3.7 billion in sales.
    Germany's advantages to the PV investor go beyond domestic sales. Rather
Germany's geographic location places it in close proximity to growing European
PV markets, enabling exports. The country is also a manufacturing center for
PV products. Additionally, close cooperation among PV companies, research
institutes, and equipment manufacturers allows for advances in production
technologies - facilitating cost reductions. German engineering companies and
local authorities are experienced in PV, allowing quick implementation of PV
investment projects.
    "The worldwide PV industry trusts the 'Made in Germany' label. Many
leading PV companies, such as Q-Cells, First Solar, Arise, and Nanosolar are
utilizing the country's advantages to achieve successful returns," notes
Nikolai Dobrott, director for Renewable Energies and Resources at Invest in
Germany.

    Invest in Germany is the inward investment promotion agency of the
Federal Republic of Germany. It provides investors with comprehensive support
from site selection to the implementation of investment decisions. Invest in
Germany will be in Hall 2, booth C21 at the Asian Photovoltaic Technology Show
in the Shenzhen Convention and Exhibition Center.





For further information:

For further information: Media Contact: Eva Henkel, Invest in Germany,
Phone: +49-30-200099-173, Fax: +49-30-200099-111, Email:
henkel@invest-in-germany.com, http://www.invest-in-germany.com

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