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28 April 2005 - Photovoltaic developer Konarka Technologies this week opened a new centre of operations in Nuremberg, Germany, to better serve the company's growing European constituencies, including investors and partners.
Demand for renewable energy solutions is high in Europe. "For many years now, European countries have been encouraging the success of renewable energy with aggressive public policy and economic initiatives. Germany, in particular, has been at the forefront of implementing solar energy solutions, recently becoming the premier country in the world for solar," said Howard Berke, chairman and chief executive officer, Konarka.
By moving into Nuremberg, the company is taking advantage of the city's focus on the energy market, which makes up nearly one-third of the regional economy.
In September 2004, Konarka acquired Siemens' organic photovoltaic research activities, establishing the Company's initial presence in Germany. Leveraging the strong ties of Konarka's German team members to the local energy community, Konarka Technologies GmbH is located in the Energy Technology Centre, a business incubator and science research centre, in Nuremberg. The energy sector comprises nearly one-third of Nuremberg's regional economy, and the concentration of energy technology, industrial automation and power electronics industries provides a skilled labour pool, making Nuremburg one of Europe's top locations for energy companies.
Konarka has additional research and development subsidiaries in Linz, Austria and Zug, Switzerland.
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