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Article: Germany : Germany Overtakes US as the Most Attractive Market for Renewable Energy Investment.
- Article from:
- TendersInfo
- Article date:
- January 5, 2009
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Byline: manish03
According to the Ernst & Young s latest Renewable energy country attractiveness indices, Germany has overtaken United States as the most sort after market for investment in renewable energy. The auditing firm blames the economic downturn for what has been a challenging year for renewable energy investment across the world.
Germany has been successful in attracting foreign investment due to its feed-in tariff system under which consumers can sell electricity produced from solar panels or wind turbines installed at their homes to power companies at a price higher than the market price. Although feed-in tariff has its roots in California ...