Germany Using PV to Reduce Carbon Emissions and Strengthen the Economy



    FUKUOKA, Japan, Dec. 3 /CNW/ - Days before world leaders gather in Bali
to discuss a post-Kyoto agreement, Germany will display its balancing of the
environment and the economy at the 17th Photovoltaic Science and Engineering
Conference (PVSEC-17) in Fukuoka, Japan. The event brings together
international industry leaders, researchers, and journalists from Dec. 3-7,
2007 and is a perfect platform for Germany to display how it is using PV as
one part of a broad strategy to reduce carbon emissions while continuing
economic growth.
    Germany is the world's largest PV market. It will add 1.5 gigawatts (GW)
of installed PV capacity in 2007 - an improvement over 2006 when it added
1.15 GW. PV production is increasing because Germany is creating the
conditions to make PV investments profitable.
    For example, Germany's Renewable Energies Act (or EEG) sets a "feed-in
tariff," above the market price, to be paid to producers of renewable energy
when it is sold to utility companies. The law provides an incentive for
property owners to purchase renewable energy equipment, thus creating a market
for international investors that saw sales of EUR3.7 billion in 2006.
    International PV companies are also drawn to Germany by its network of
producers, suppliers, and research institutes, such as the Fraunhofer
Institute for Solar Energy Systems in Freiburg, Germany. Additionally,
investment incentives in eastern Germany, which sometimes cover up to 50% of
investment costs, make this region popular for PV investments.
    Therefore, many international PV players have established a presence in
Germany, such as Nanosolar, Signet Solar, First Solar, and ARISE.
    "PV is a growing and dynamic industry in Germany. As the country works to
reduce fossil fuel consumption, we expect the importance of PV in Germany to
increase, making the country even more attractive for international investors
than it is today" notes Nikolai Dobrott, Director of Renewable Energies and
Resources at Invest in Germany.
    Dobrott's colleague, David Wortmann, Invest in Germany's Director for
Northeast Asia, will be giving a speech at PVSEC-17 entitled, "Germany - the
number one location for business in the field of solar energy."

    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.




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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