Renewables sector becomes important economic factor in Germany - DIW

(ADPnews) - Oct 13, 2010 - The renewables sector has become one of the most important economic factors in Germany, economic research institute DIW said in an analysis.

According to the institute, in 2009 the renewable sector in Germany employed around 340,000 people. In addition, the number of employees in the sector more than doubled in the past five years, DIW reported.

The investments in the German renewables sector in 2009 amounted to around EUR 20 billion (USD 27.97bn), while the revenue, including the exports of components, of Germany-based companies, active in the renewables sector, stood at a total of EUR 21 billion, the institute reported. Thus, the revenue of the companies increased by around 40% in the last three years, which is an indicator for the above-average growth of the sector, DIW reported.

(EUR 1.0 = USD 1.393)

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