By Will Soutter
Research and Markets has added a new report titled “Germany Infrastructure Report Q3 2012” to its repertoire. The construction sector in Germany is very vibrant in comparison to other countries in Europe, but the maladies from the Eurozone debt crisis appears to be all set to affect the sector.
The prospect for 2012 is not very strong, with the construction industry value going up only marginally to US$134 billion for the year, founded on a year-on-year development of only 1.35%. Progress of the sector is expected to be slow in the coming years, to an average 0.87% year-on-year from 2012 to 2016. At the end of this duration, the industry value is expected to touch US$142 billion. The chances of a technical recession in Germany are considerably diminished and there is a prognosis of better growth in H212.
The prime improvements comprise the following:
Phono Solar, Chinese solar modules manufacturer, was given a contract by German photovoltaic (PV) project promoter SYBAC Solar to supply solar panels. The agreement for the project worth EUR300 million (US$397.15 million) was signed by both the organizations on 24 April 2012. As per the deal, Phono Solar will supply 500 MW solar panels to SYBAC for 5 years. The panels would be utilized by SYBAC in its power facilities.
RWE Innogy, the German renewable energy establishment, has obtained a license for building the EUR3 billion (US$3.94 billion) Innogy Nordsee 1 offshore wind farm, according to Power Technology. RWE Innogy will put in 54 wind turbines at the site, situated about 40 km north of Juist island. It is one of the three planned wind farms. RWE Innogy is due to obtain licenses for Nordsee 2 and 3 later on.