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WORLD PV LEADERS TO GATHER IN MILAN.
(Full text of statement. Contact details below.)
MEDIA RELEASE PR27358
World PV Leaders to Gather in Milan
MILAN, Sept. 3 /PRNewswire-AsiaNet/ --
Worldwide leaders in the PV industry will be gathering in Milan, Italy from September 3rd-7th, 2007 for the 22nd annual European Photovoltaic Solar Energy Conference. In recent years, Germany has become a popular destination for PV investments and the country's investment promotion agency, Invest in Germany, will be on hand in Milan to outline advantages of a PV investment in Germany.
Germany is the world leader in PV. This claim is backed up in both capacity and sales: 55% of the world's total PV capacity is in Germany and in 2006 the German PV industry earned 3.8 billion euros in sales.
There are many reasons that Germany is the leading PV investment location. One is the favorable legal framework. The Renewable Energies Act of 2000 sets a "feed-in-tariff" at which power companies are required to purchase energy from renewable sources. For PV power this equates to a price of 37.96 to 54.21 euros/kWh paid to the owners of PV installations over 20 years. This price incentive has helped spawn a market of consumers for PV products.
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