BERLIN AND MUNICH, Germany, June 7, 2011 /CNW/ - Germany's solar
photovoltaic (PV) industry now employs more workers than steel
production in the USA. With over 100,000 "green jobs" in PV alone,
around 75 percent of European solar cells and modules as well as
countless components are made in Germany. Record-breaking domestic
demand is a key industry driver, with 7.4 GWp of PV capacity installed
in 2010. Germany is also a manufacturing platform for other European PV
markets: Italy's feed-in tariff revisions take effect this month and
include a Made in Europe clause, which is set to benefit manufacturers
based in Germany. Germany Trade & Invest will have representatives on
hand at the 2011 Intersolar Europe in Munich from June 8 - 10 to share
the latest market and industry trends in Germany.
"Germany continues to confirm its leadership role in renewable energies
as the solar photovoltaic market will soon enter the grid parity era.
Political support for solar power is unwavering and industry players
are already preparing for innovative new business models. Now is an
excellent time to invest in Germany," said Thomas Grigoleit, renewable
energies expert at Germany Trade & Invest in Berlin.
Germany represents the top solar industry cluster worldwide, with strong
representation covering the entire value chain. Nearly half of all
inverters produced worldwide are made in Germany and the country is an
indispensable supplier of high quality system components like mounting
systems and module components like solar glass.
As the cost of generating solar energy continues to decrease, Germany's
industry is set to benefit. Demand is expected to remain high as the
domestic market shifts. With a self-sustaining grid parity market on
the horizon, opportunities for investment will arise in fields like
energy storage, energy management technologies such as smart homes and
grids, as well as new business models for energy consumption,
contracting and financing. Manufacturers and suppliers as well as
project planners and service providers are drawn to the German market
to gain crucial first-mover experience.
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