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

Berlin, February (ots) - 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 EUR 200 billion, and exports of over EUR 80 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 EUR 15 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 EUR 23 billion in revenues in 2006, earned an estimated ?6
billion in exports, as well as EUR 9 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 Vegas.

Originaltext: Invest in Germany
digital press kits: http://www.presseportal.de/pm/55240
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Media Contact:
Eva Henkel
Invest in Germany
Phone: +49-30-200099-173
Fax: +49-30-200099-111
Email: henkel@invest-in-germany.com
www.invest-in-germany.com


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