German Solar Energy Industry Will Achieve Double-Digit Growth This Year

Germany solar Economic Federation (BSW) on the 14th, in 2008 the German solar industry development will exceed 2007 levels, achieving double-digit growth.

The Federation said that because of the needs of various sectors of the solar energy continues to rise, German photovoltaic enterprises orders in 2008 has reached the level of full load. The Association Chairman said that the German solar energy products for a large number of overseas manufacturers favored, in 2007 export value of 2 billion euros, the rate of domestic exports by 38 per cent.

It is understood that the German solar energy enterprises in 2007 turnover grew by 23 per cent, about 5.5 billion euros, industry new jobs 10,000, the sector's total employment to 40,000 people, a whole industry total investment of about 1.5 billion euro.

At present, a total of 15 new German solar companies are planning or building.

Source: 新华网 Liu Jing Jan. 16, 2008