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Global Leaders in Solar Power Generation will Gather in Milan
AsiaNet, Milan, Italy, September 3: From September 3 to 7, 2007, global leaders in the solar power industry will gather at the 22nd European Photovoltaic Solar Energy Conference in Milan, Italy.In recent years, Germany has become the most popular destination for investment in the solar power industry. Invest in Germany, the German investment promotion agency, will outline the various aspects of investing in the solar power industry in Germany at the conference in Milan. Advantage. Germany is currently at the forefront of the global solar power industry, as evidenced by production capacity and sales.
Germany has 55% of the world's solar power generation capacity. In 2006, the German solar power industry achieved sales of 3.8 billion euros. There are many reasons why Germany is the most attractive location for solar power investment, one of which is its favorable legal framework.
The Renewable Energies Act of 2000 established a "mandatory photovoltaic feed in tariff" policy, stipulating that power companies must purchase energy from renewable energy power plants. The power company has to buy electricity from the solar power plant at a fixed price (37.96 to 54.21 euro cents/kWh) for 20 years.
This price incentive mechanism has helped create a consumer market for solar power products. Germany also has a talented workforce that is well-prepared to help solar power investments succeed. Its close ties with other solar power companies, suppliers, universities and research institutions have also attracted many foreign solar power investors. Canadian solar cell maker ARISE, for example, broke ground this month on a new solar cell manufacturing plant in the East German town of Bischofswerda. In addition to ARISE, there are many other companies making important investments in East Germany, such as First Solar and Nanosolar.
In addition, many German universities are strengthening their research capabilities and future talent by offering management and engineering programs focused on the solar power industry. The launch of an investment incentive plan is also a further reason for the company to invest in Germany. These loans and grants, which sometimes reduced investment costs by as much as half, greatly attracted investors to set up projects in Germany, especially East Germany. This incentive and the reasons mentioned above have helped East Germany become a "solar valley" for solar power companies.
Invest in Germany is Germany’s official investment promotion agency. Its purpose is to provide international companies with assistance and advice regarding investment opportunities in Germany. The German Government Investment Promotion Agency's exhibition area at the exhibition is Hall 20, Booth F6.
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