Renewable Energy International Exhibition: German Market Continues To Grow In 2010

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29th June 2010, 12:18pm - Views: 664






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MEDIA RELEASE PR40212


Renewable Energy International Exhibition: German Market Continues to Grow in 2010


BERLIN and YOKOHAMA, Japan, June 29 / PRNewswire-AsiaNet / --


    Renewable energy generation in Germany continues to grow in

2010. Accounting for a total of 16.1 percent of all energy production, the

share of renewable energies is increasing, driven by the world's largest

photovoltaic (PV) market as well as advances in offshore wind. At the same

time, this increase is contributing to advancements in energy storage

technology. Germany Trade & Invest will have representatives on hand at this

year's Renewable Energy International Exhibition from June 30 - July 2 in

Yokohama, Japan, to discuss business opportunities in Germany's thriving

renewable energies and resources industry.


    Germany's photovoltaic market is a long-standing driver of the

global renewable energy market. Germany accounted for more than half of all

new installations worldwide in 2009, amounting to 3.8 GWp. Germany is the

world's largest PV market and an attractive investment location for

businesses. To meet this demand, several companies have recently announced or

completed new investments in Germany's photovoltaic industry. These include

major investments by industry heavyweights First Solar, SolarWorld, Avancis

and Juwi.


    Offshore Wind and Energy Storage


    The wind industry also continues to thrive. The offshore

segment offers an especially high level of potential. Germany's first

deep-water offshore wind farm, alpha ventus, began feeding electricity into

the grid this year, marking the first completed offshore park in a growing

number of those set to leave the drawing board. Currently, two large-scale

projects in the North and Baltic Seas are under construction. The EEG boosts

this segment with guaranteed feed-in tariff rates for at least 20 years and

the requirement for transmission system operators to provide offshore grid

connections. In April, Germany - the world's top location for the wind

industry - received an added boost by General Electric (GE). The company

announced its comprehensive European offshore strategy including a new

engineering center in Hamburg as part of its EUR 105 million investment in

Germany.


    Germany's share of renewable energies is expected to grow, as

the country has committed itself to supplying 30 percent of its electricity

with renewable sources by 2020 and 50 percent by 2030. The large and growing

share of renewable energies creates demand for energy storage options, such

as advanced battery, hydrogen and fuel cell technologies in conjunction with

smart meters and grids. Germany has developed the most extensive framework

for the energy storage and fuel cell industry in the world, which includes

coordinated support for R&D and pilot programs, an export-oriented market and

established industry expertise.


    Advantages in Germany


    Manufacturers in Germany not only have access to a large and

growing market, they also benefit from a significant competitive advantage

through a local brand presence and reputation for high quality products.

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Germany's renewable energy industry also benefits from the highest density of

R&D institutes in the industry. Research on energy technology is currently

supported with EUR 2.2 billion in federal funding for the period 2008 to

2011. At the same time, the country boasts a well established industrial

infrastructure, large equipment supplier base, and qualified and experienced

workforce.


    The Renewable Energy 2010 International Exhibition will be

held from June 30 - July 2, 2010, in Yokohama, Japan. Representatives from

Germany Trade & Invest will be at the German Pavilion in booth R-B601 to

discuss how businesses can profit from Germany's renewable energies and

resources industry.


    Germany Trade & Invest is the foreign trade and inward

investment promotion agency of the Federal Republic of Germany. The

organization advises foreign companies looking to expand their business

activities in the German market. It provides information on foreign trade to

German companies that seek to enter foreign markets.


    Germany Trade & Invest

    Eva Henkel

    Email: eva.henkel@gtai.com

    T: +49(0)30-200099-173

    F: +49(0)30-200099-111



    SOURCE: Germany Trade and Invest








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