German solar power investment to grow threefold in 2007 to EUR 1.2 bn

Jun 14, 2007 02:00 AM

German solar power investment is expected to grow threefold by volume in 2007, according to the German association of solar power BSW-Solar.
BSW-Solar expects that investment volumes in the German solar sector are to grow from EUR 400 mm ($ 431 mm) in 2006 to EUR 1.2 bn in 2007. According to BSW-Solar, Germany already has the world's highest density of production and research facilities in this sector and in 2007-08 the association expects 15 solar power production facilities to be built in Germany.

Carsten Kornig, director of BSW-Solar, said: "The financial sector's trust in the innovation and competitiveness of German solar companies is big and just as important as a reliable political framework."
The association said that "in the past year [2006] around 220,000 new solar facilities worth EUR 5 bn were installed in Germany. Additionally, there were export revenues of about EUR 1 bn.

For 2007, BSW-Solar expects German solar technology to create an export revenue of EUR 1.5 bn.
The association based its outlook on studies conducted by consultant groups Ernst & Young and Roland Berger.

Source: Power Engineering Magazine
Alexander's Commentary

Change of face - change of phase

In the period of July 20 till August 3, 2015, Alexander will be out of the office and the site will not or only irreg

read more ...
« August 2019 »
August
MoTuWeThFrSaSu
1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31

Register to announce Your Event

View All Events