Published on : Jun 16, 2014
The Europe’s biggest economy in alliance with the onshore wind energy industry in Germany employs nearly 109,000 people, says Bloomberg reports in a study commissioned by the industry.
According to the study conducted by the DIW Econ consultants, the investments in this sector stood around $11 bn in 2012.
Hermann Albers, the president of the BWE wind lobby said that his industry has become a motor for the energy switch. This was quoted by the Bloomberg in their latest report. The BWE wind lobby noted that about 67% of German wind-power products are sold internationally, and the German renewable energy industry plans to employ about 500,000 people by 2020.
The wind energy in Germany is cost-efficient by international comparison, as per BWE study report in early 2014.
Germany stands average in terms of overall investment costs and main costs, but considering the additional investment costs and operating costs in this country, the prices vary greatly when compared to other countries in the world.
Evidently, the operating costs are in the upper middle range in Germany and differ gravely based on the diversity in cost elements regarding the capacity factor.