Pakistan has become a signatory of International Renewable Energy Agency (IRENA) along with other 87 countries of the world. The Ambassador of Pakistan to Germany Shahid Kamal signed the statute of the International Renewable Energy Agency on behalf of the Government of Pakistan at a special signing ceremony held at German Foreign Office.

The launch of a UK project to extract geothermal energy from hot dry rocks comes soon after two high-profile setbacks elsewhere in the world.

Renewable stocks are likely to give up gains again after having recovered since March, but financially strong companies such as SMA Solar and SolarWorld will be hit less harder than others, according to fund firm Swisscanto.

German solar companies that have not yet set up US and Chinese production plants are likely to lose out on significant subsidies and will struggle to bring down their production costs to the levels of their Asian peers.

The German solar industry expects a recovery in the second half of this year after a string of earnings showed on Thursday the sector has written off the first three months as the low point of 2009.

Power generation from renewable sources such as wind turbines, solar cells and biomass plays a small but important part in satisfying total electricity demand around the world, and is growing at an exponential rate thanks to generous public subsidies and government support.

Ms Karin Kortman, Germany

Chennai, April 30 E.ON Energy Ltd and Baard Energy from Niedersachsen State in Germany are exploring possibilities to set up offshore renewable energy projects in India, the Minister for Economics, Labour and Transport of Niedersachsen, Germany, Mr Phillipp Rosler, has said.

Visiting German Minister for Economic Cooperation and Development, Heidemaire Wiegoreak Zeul said here on Friday that her country would extend all possible help to Pakistan achieve its Millennium Development Goals (MDGs) and combat confronting energy crisis.

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