How bright is the future for solar power in Germany?

[jpak]

http://www.expatica.com/actual/article.asp?subchannel_id=52&story_id=34673

Despite growing pressures for consolidation, Germany's burgeoning solar power sector is predicting a buoyant end to the year with growing export orders helping to boost the industry's 2006 earnings forecasts.

Shares in leading Germany's sun power companies have edged up in trading in recent weeks following a raft of upbeat earnings reports from the nation's solar energy sector. The boom in sun power is helping Europe's biggest economy to emerge at the forefront in promoting the renewable energy sector.

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Underscoring the boom that has been underway in renewable energy in Germany, alternative power sources now represent about 10 per cent of electricity generated in the country.

About 25 per cent of solar cells installed worldwide are currently produced in Germany, the nation's Solar Industry Federation said.

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