Power Gen 2008: Investment Advantages of German Renewable Energies Industry at Las Vegas Conference

    LAS VEGAS, Feb. 18 /CNW/ - Germany is a leading country for renewable
energy investments. Companies from across the world are finding that Europe's
largest economy matches their needs for workforce, infrastructure, political
support, and standards of quality. The advantages of Germany as a location for
investment will be presented at Power Gen 2008 in Las Vegas.
    Germany's Renewable Energy Sources Act (EEG in German) is a major benefit
to producers of renewable energies equipment. According to the law, owners of
renewable energies systems receive "feed-in tariffs," sometimes twice the
retail market price, when energy from their systems is sold to utility
companies. The law guarantees this price for twenty years, and is enticing
homeowners, businesses, and non-profit organizations to invest in renewable
energies equipment.
    Germany is also optimizing its legal regime to provide a framework for
the country to meet its goals regarding renewable energies by 2020. It wants
to be the number one country worldwide in renewable energies, a worldwide
market share of over 20%, domestic investments of at least EUR200 billion, and
exports of over EUR80 billion. The solar, wind, bioenergy, geothermal, and
energy efficiency sectors will benefit from this strategy.
    There is more to Germany's success story than simply smart policies.
Germany has a network of scientific institutes and universities that works
closely with industry to develop the latest technologies in renewable
energies. The German government is also committing EUR15 billion through 2009
for research and development (R&D) projects.
    Germany's favorable legal regime and its workforce are two reasons that
its renewable energies industry brought in nearly EUR23 billion in revenues in
2006, earned an estimated EUR6 billion in exports, as well as EUR9 billion in
domestic investments.
    The country's stellar infrastructure and geographic proximity in the
middle of Europe make Germany an attractive location for renewable energies.
Therefore a number of North American industry leaders, such as General
Electric, First Solar, Nanosolar, and Arise have locations in Germany.

    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. Invest in
Germany, will be in Booth 239 at the Rio All-Suite Hotel & Casino in Las

For further information:

For further information: 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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