Steve Muehler, President of LAIC Venture Capital, today announced a Green Hydro Energy joint venture in Germany.
At present, 83% of Germany’s energy production and consumption comes from fossil fuels
(oil, coal & gas), another 12% comes from nuclear energy, and about 5% of Germany’s
energy requirements come from regenerative energy sources or from raw materials that
grow again.
As of 2010, Germany must cover 12.5% of its power supply by renewable energy. With Germany’s Rigid financial policies limiting the number of new energy production companies entering the market, the senior members of LAIC Venture Capital partners are in the late stages of the development of a state of the art hydro energy production power station, the first of which is expected to be put into operation in early 2013.
For More Information:
LAIC Venture Capital
Steven J. Muehler, President
9107 Wilshire Blvd.,
Unit 450
Beverly Hills, California 90210
Steve@LAICVenCap.com
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