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.
