POWER-GEN Europe 2007: Future Markets for Renewables in Germany

POWER-GEN Europe 2007: Future Markets for Renewables in Germany

June 25, 2007

    BERLIN, June 25 /Xinhua-PRNewswire/ -- The renewable
energies sector is increasing in relevance and
profitability for investors. This will be a major topic at
the upcoming POWER-GEN Europe 2007 running from June
26th-June 28th in Madrid, Spain. POWER-GEN Europe hosts
over 10,000 industry specialists, executives, and experts
to discuss power generation, production, and distribution
in Europe.

    Nikolai Dobrott, Director of the Renewable Energies and
Resources division at Invest in Germany, will give a talk
outlining the advantages of an investment in Germany. His
presentation, "Future markets for Renewables in
Germany," is on June 28th at 10:00am.

    The numbers tell the story. Germany's renewable
energies industry has amassed total sales of EUR21.6
billion, investments of EUR8.7 billion, and currently
employs 214,000 people in Germany. Furthermore the trusted
quality of "Made in Germany" that is a catalyst
for success in many other industries extends to renewable
energies. Export sales in renewable energies have currently
reached EUR4.6 billion.

    Germany offers excellent conditions for renewable
energies investments. The Renewable Energies Act (EEG)
promotes the production and purchasing of renewable
energies equipment, such as PV panels, by requiring a fixed
price of 37.96 to 54.21 EURct/kWh over twenty years for
energy derived from renewable sources.

    In addition, Germany presents the investor with other
advantages. It has some of the best scientists and
engineers in the world. Many research institutes and
suppliers help investors easily establish close
relationships with important partners.

    This know-how as well as investment incentives combined
with moderate wage costs make eastern Germany a popular
location for renewable energies investments. The region has
become so well-known that it has been dubbed "Solar
Valley."

    Renewable energies companies in Germany are proving
that being ecologically responsible can also be profitable.
Therefore many international companies, such as Signet
Solar, First Solar, Nanosolar, Vestas, and countless others
are investing in the German renewable energies market. They
are taking advantage not only of the political support in
Germany, but also of the country's location, educated work
force, and the international respect that products
"Made in Germany" carry.

    Invest in Germany is the official investment promotion
agency of Germany. Its mandate is to assist and advise
international companies about investment opportunities in
Germany. Invest in Germany provides comprehensive support
from site selection to the implementation of investment
decisions.


    Media Contact:

     Eva Henkel
     Invest in Germany
     T: [phone]
     F: [phone]
     Email: [e-mail]
     Web site: http://www.invest-in-germany.com