World Leader in Solar Energy at This Year's Munich Photovoltaic Technology Show

    BERLIN, April 3 /CNW/ - Germany is the world's number one market for
solar energy. It accounts for 55% of global solar electricity production. The
country's solar industry has 2,500 MWp of cumulative installed PV power and
sales that tallied EUR3.8 bn last year. This sales' number is expected even to
rise by 20% in the coming year. The International Photovoltaic Technology Show
2007 will present the strengths and perspectives of Germany's solar energy
market on April 4th and 5th in Munich.
    Prospects for growth look good in Germany's solar energy market not only
because of the German government's long-standing commitment to renewable
energies, but also as a result of the European Union's recent political
engagement to increase the share of renewable energies in use within the EU.
By the year 2020 carbon emissions shall be cut by 20 percent and the share of
renewable energies in the EU's energy supply shall be increased by 20 percent.
    In 2000, the German government passed the Renewable Energies Act
(Erneuerbare Energie Gesetz, EEG). This law has significantly helped the
photovoltaics branch (PV) in Germany. It requires that electricity grid
operators pay a higher price to providers of solar energy than they do to
providers of traditional energy. The EEG encourages the production of solar
energy in Germany, and has been the model for legislation in other countries
designed to stimulate the production of solar energy.
    Germany has positioned itself as an excellent location for solar energy
investments due to the strong governmental support, the availability of
highly-qualified workforce, and the plentiful supply of scientific research
centers and universities, such as Fraunhofer and Max-Planck-Institutes. These
factors as well as incentives that often accompany investments in eastern
Germany guarantee the rapid and smooth implementation of PV-projects. It is
also foreign companies that are particularly contributing to the industry's
growth. For example, the American company First Solar is opening a facility in
Frankfurt/Oder soon. Investments from both domestic and international
companies show that in Germany, environmentally conscious investments are not
only ecologically friendly, but they also help support the economy

    Invest in Germany (IiG) helped bring First Solar as well as other solar
energy firms, to Germany. It is represented in Hall 4, Row C, Booth 7. If you
wish to speak to an Invest in Germany representative about solar energy in
Germany, contact Ms. Eva Henkel, +49-30-20657-173,

For further information:

For further information: Ms. Eva Henkel, +49-30-20657-173,

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