England isn’t known to be a sunny country, neither is Germany. Both nations are leaders of Europe’s renewable development and hosts to the partnership between Europe’s largest utility and one of the leading U.S. solar companies. E.ON’s collaboration with Sungevity entered a third country with the launch of Go Solar in the UK.
Alec Guettel is back in North Carolina. It has been decades since he obtained his bachelor of arts in Political science from the University of North Carolina at Chapel Hill. Guettel and another of Sungevity’s executives are staying at the local Mariott, while they oversee the company’s entrance into the state. They will also be attending the NC Clean Tech Summit, where Geuttel will be one of the key people in a panel discussion on February 20, 2015. He took my call in his hotel room. In the course of our interview, Guettel said, “we have really positioned ourselves as the partner of choice for utilities.”
The ECOreport Part Three of the Five Most Attractive Nations for Renewable Investments, Energiewende Will Succeed
Bye Roy L Hales
American critics of Energiewende regularly announce its approaching demise. A hypocritical article in the Wallstreet Journal announced that Germany will spend €1 trillion on its’ renewable energy experiment by 2040, without mentioning that a large portion of that money was for electric grid upgrades that would be needed anyway. Nor did the author disclose the fact an even larger sum (€90 billion a year) would have gone to fossil fuels. Similarly, Forbesmocked Germany’s slight rise in CO2 levels, without mentioning they are already 23% lower than the 1990 benchmark set by the Kyoto Accord. (The author’s country, the US, is still 5% above that target.) Their carping does not explain how Germany became Europe’s powerhouse and the fourth largest economy in the World. Nor does it do justice to the nation the Renewable Energy Country Attractiveness Index (RECAI) ranks #3for renewable investments. Energiewende will succeed because it is embraced by the German people.
If the stock market’s response is any indication, E.ON has the right idea. Shares are selling at a two year high. A little over two weeks ago the price was €12.948; yesterday’s closing sale was €15.055. On November 30, Germany’s largest utility announced that it will split into two parts. A new company will be formed to take over conventional energy sources, allowing E.ON to focus on the new energy world.