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SolarWorld Massively Expands US Production

After Germany module capacity now also to be tripled in the USA

05-10-09

SolarWorld AG will be massively expanding its production capacities in the USA. At the Hillsboro site in the State of Oregon the group will build a new manufacturing facility for the production of crystalline solar power modules with a capacity of 350 Megawatt until 2011. This will boost the group’s integrated production capacity of crystalline solar wafers, solar cells and solar modules in the USA to 500 Megawatt (MW) each and further strengthen its position as the largest producer of solar power technology in the United States. Nationwide more than 1,000 employees will be working for SolarWorld in the USA.

”We are quite deliberately expanding our production in our future markets“, says Frank H. Asbeck, Chairman and CEO of SolarWorld AG. Already today the USA is the third largest sales region for solar power technology. ”In addition to good growth prospects the USA as a production location also offers the best possible framework conditions to meet the high SolarWorld quality demands. What we have found here is an excellent research infrastructure, a highly qualified workforce and high social and environmental standards. These are central parameters for the production of sustainable and high efficiency products.”

The group which has more than 30 years of experience with its locations in the US market is thus consistently implementing its announcements on the expansion of the US sites. Already one year ago SolarWorld had renewed the solar module production at the traditional site in Camarillo/California and had opened the new Hillsboro/Oregon site where a highly modern wafer and cell production facility started operating in October 2008. The expansion of the module segment that has now been announced completes the solar value chain at this particular location. Together with the expansion at the European location in Freiberg/Germany SolarWorld AG will have group-wide production capacities of more than one Gigawatt (GW) by the year 2011 and will employ more than 3,000 people.

About SolarWorld AG

The SolarWorld AG group of companies (ISIN: DE0005108401) is a world leader in high-quality solar power technology. The company is exclusively dedicated to its core business of photovoltaic power generation and combines all activities of the solar industry from silicon as the raw material to turn-key solar power systems including recycling. SolarWorld is represented in all the world’s solar growth markets and predominantly produces in Germany and the USA. Its largest sites are located in Freiberg, Saxony, and Hillsboro, USA. The central group office is in Bonn. Worldwide sales of solar modules are secured by five sales offices in Germany, Spain, USA, South Africa and Singapore. The central element of the business in addition to the sale of turn-key solar systems and solar modules to the trade is the distribution of solar silicon wafers to the international solar cell industry. Apart from grid-coupled (on-grid) products, the SolarWorld Group sells off-grid solar power solutions. Under the name Solar2World the Group takes its ethical commitment to fair development also to emerging economies and developing countries, promoting in particular off-grid solar power solutions exemplary of sustainable economic development.

Sustainability is an integral element of SolarWorld’s corporate strategy. The corporate management is committed to sustainable, economically, ecologically and socially compatible growth. SolarWorld AG employs more than 2,500 people worldwide. The company is listed at the stock market, among others in the technology index TecDAX, in the ÖkoDAX, in the Dow Jones STOXX 600, in the international MSCI-Index and in the sustainability indices DAXglobal Alternative Energy and NAI.

Contact SolarWorld AG

Contact Press: Phone: +49 228/55920-400,
E-Mail: press@solarworld.de
Contact Investor Relations: Phone: +49 228/55920-470,
Fax: 0228/55920-9470

placement@solarworld.de
www.solarworld.de



 
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