Germany Trade & Invest supported the largest renewable energy investment
in Germany in 2010
BERLIN AND FRANKFURT (ODER), Germany, Nov. 3, 2011 /CNW/ - Arizona-based
First Solar, the world's largest producer of thin film solar modules,
opened its new plant expansion in Germany today. The 200 million dollar
investment effectively doubles First Solar's production capacity in
Germany to 500 MW annually. Germany Trade & Invest provided its free of charge investor consulting services to assist the
company's German market entry.
"This investment marks a vote of confidence for Germany's solar
industry. Despite global economic turbulence, Germany's commitment to
solar energy remains unwavering. This stability continues to draw
international companies to the world's leading solar market," said
Thomas Grigoleit, Director of Renewable Energies & Resources at Germany Trade & Invest in Berlin.
Germany boasts the largest installed photovoltaic capacity worldwide.
Nearly half of all solar installations are located on German rooftops
and fields. Photovoltaic energy in Germany recently made headlines for
surpassing hydropower in total electricity generation.
Burghard von Westerholt, Managing Director of First Solar Manufacturing
GmbH: "First Solar is the global cost leader and Germany's investment
conditions help us to maintain our position as a market leader in this
highly competitive industry. The well trained and dedicated workers in
Germany allow us to further strengthen our position in this critical
Germany Trade & Invest recently published an overview of business opportunities in
photovoltaics in Germany, available at http://www.gtai.com/pv/industry-overview.
Germany Trade & Invest is the foreign trade and inward investment promotion agency of the
Federal Republic of Germany. The organization advises foreign companies
looking to expand their business activities in the German market. It
provides information on foreign trade to German companies that seek to
enter foreign markets.
SOURCE Germany Trade and Invest
For further information:
Germany Trade & Invest
T: +49(0)30 200099-173
F: +49(0)30 200099-511