Analysis: Renewable gold rush powers Germany's north shore

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Renewable energy has created a "gold rush" atmosphere in Germany's depressed north-east, giving the country's poorhouse good jobs and great promise.

The natural resources attracting investors and industry are of a simple variety: wind, sunshine, agricultural products and farm waste such as liquid manure.

The rush to tap green resources in Mecklenburg-Vorpommern state is reminiscent of the frenzies that came with gold or oil discoveries in past centuries. The buzz can be felt in towns and sparkling new factories across the Baltic shore state.

“Renewable energy has become extremely valuable for our state,” said its premier, Erwin Selling, in an interview with Reuters. “It’s just a great opportunity — producing renewable energy and creating manufacturing jobs.

For more on this article: http://www.reuters.com/article/2011/10/17/us-germany-renewables-boom-idUSTRE79G0N420111017

(Reuters) –

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