LONG BEACH, CA, Sept. 24 /CNW/ - World photovoltaic (PV) industry leaders
are gathering for Solar Power 2007, a leading industry convention that brings
together executives, project developers, and solar energy investors in Long
Beach, California from September 24-27th, 2007. Germany has become a popular
destination for PV investments and the country's investment promotion agency,
Invest in Germany, will be at Solar Power 2007 to present advantages of a PV
investment in Germany.
Germany is the world leader in PV energy. In 2006 there were 1,150 MWp of
new capacity installed in Germany, which gave Germany 55% of the world's
installed PV capacity. In total Germany has 3,060MWp of installed PV capacity.
This power production not only made a contribution to the power grid but was
also financially successful for PV investors. In 2006 the PV sector earned
EUR3.7 billion ($5.2 billion) in total turnover.
The legal and investment framework is a major motivation for
international PV companies to come to Germany. In addition, Germany's
qualified workforce and the proximity of suppliers, universities, and research
institutes are all enticing PV companies to invest in Germany.
The "Renewable Energies Law" is the center of Germany's favorable legal
framework. This act grants a "feed-in-tariff", or fixed price, to owners of PV
installations that exceeds the regular market price. This price, currently
0.38-0.54 EUR/KWh, or 0.53-0.76 $/KWh, is motivating many businesses and
private individuals to install PV products and therefore creating a ready-made
demand for solar supplies.
Investment incentives are also playing a role. In eastern Germany
government incentives can cover up to 50% of investment costs. Firms based in
California are among the many PV companies succeeding in Germany. Within the
last year, Nanosolar and Signet Solar, both with headquarters in Palo Alto,
opened manufacturing facilities in eastern Germany.
More information about PV investments can be found at the Invest in
Germany booth in Hall B Stand 440 at Solar Power. Invest in Germany is the
inward investment promotion agency of the Federal Republic of Germany. With US
offices in San Francisco, Palo Alto, Chicago, Washington, D.C., and Boston, it
provides investors with 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: