Germany Presents Investment Advantages at Renewable Energy 2007



    CHIBA, Japan, Oct. 5 /CNW/ - World renewable energy leaders are gathering
in Chiba, Japan for "Renewable Energy 2007," a leading industry convention
that brings together executives, engineers, and researchers from October
10-12th, 2007. Germany is a popular destination for renewable energy
investments and the country's investment promotion agency, Invest in Germany,
will be at Renewable Energy 2007 to present advantages of Germany's renewable
energies market.
    In 2006, renewable energies and resources in Germany booked sales of
EUR22.9 billion, exports of over EUR6 billion, and accrued investments of over
EUR9 billion. The industry also has over 235,000 workers to its name.
    One major reason for Germany's leading role in renewable energies is the
country's Renewable Energies Act (EEG in German). The law requires energy
companies to purchase power generated from renewable sources at a price that
is set above the market price. For example, photovoltaic (PV) facilities
coming into service in 2007 receive a "feed-in-tariff" of 38-54EURct/KWh over
twenty years. This law has spawned major interest in the purchase of renewable
energy products and therefore sparked a ready-made market in Germany that is
well positioned for future investments.
    Germany is building on its current leadership to secure its renewable
energy market for the future. The country is number one worldwide in PV, wind,
and biodiesel energies in both market size and sales.
    The numbers bear out this claim: In 2006, the PV industry added 1,150 MWp
of new capacity, increasing total PV installed capacity to 3,060 MWp. PV took
in EUR3.8 of sales in 2006 and is expecting EUR15 billion in investments by
2012.
    Germany is also the largest wind energy market worldwide with 20,661 MW
and sales of EUR5.6 billion. Investments of up to EUR13 billion are expected
by 2012. Biodiesel also generated EUR2.5 billion in sales in 2006. Its
projected investment total for 2012 is EUR16 billion.
    These sectors are thriving not only because of strong political
conditions, but also because of Germany's highly qualified workforce, R&D
through universities and scientific institutes, location in the center of an
expanding European Union (EU), and the trusted "Made in Germany" label.

    For more information on investments in Germany visit Invest in Germany at
the German Federal Booth at Renewable Energy 2007 (Hall 7, Booth 82).

    Invest in Germany is the inward investment promotion agency of the
Federal Republic of Germany. Its mandate is to assist and advise international
companies about investment opportunities in Germany. Invest in Germany
provides comprehensive support from site selection to the implementation of
investment decisions.





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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