German companies plan to invest 552 billion USD building a solar power plant

German Suddeutsche Zeitung reported Tuesday by the global reinsurance giant Munich Re AG, such as the composition of 20 large enterprises of investment team, will invest 400 billion euros (552 billion U.S. dollars) building a solar power plant, for the German families with clean energy.

Munich Re AG said Torsten Jeworrek executive director, is currently participating in the investment plan called Desertec, and also include Siemens AG and Germany's largest bank Deutsche Bank.

Jeworrek said that the solar energy investment plans will be built in northern Africa, is seeking more investment partners in Europe and North Africa to join. Team is scheduled to be completed next month, an official plan, in 2-3 years to complete the detailed plans, objectives 10 years after the beginning of the supply of electricity.

Jun. 17, 2009

European emerging market growth of solar energy

iSuppli believes that although the PV industry is still the main focus of economic power in those who, it is expected that smaller countries of the photovoltaic industry will create the highest growth rate. 2013, the Czech PV industry will grow to 10 times in 2008, Greece increased to 30 times, and Bulgaria is to increase to 600 times.

iSuppli Corporation predicts that by 2013, the Czech Republic could reach an installed capacity of solar systems 500MW, while in 2008 only 50MW, the compound annual growth rate during the period up to 66.5%. Income from the business point of view, in 2013 the photovoltaic industry in 2008 from 300 million U.S. dollars at the time increased to 1.7 billion U.S. dollars.

Bulgaria in the solar installation market relatively late start, only introduced in 2007 for the purchase price of solar energy policy. Therefore, iSuppli forecasts the country's installed capacity of solar energy in 2013 will reach 600MW, while the 2008 is 1MW, up to 89% compound annual growth rate.

Greece is the world's solar return on investment of the highest rates. iSuppli Corporation predicts that by 2013 PV systems installed in Greece will reach 1.2GW, while in 2008 only 40MW, the compound annual growth rate for the period 88.5%. If so, then from 2010 investors may flock Greece, because Greece will then stimulate the FIT to 5%. However, this all depends on the approval process can be improved.

Although this system is installed in several countries will be difficult with the number of Germany, Spain and France the same breath, but the photovoltaic industry in these countries and the demand for revenue growth potential can not be ignored, but also into the photovoltaic industry in these countries will make the overall investment in PV market in the next few years to grow.

Jun. 15, 2009