SolarWorld welcomes anti-dumping investigation by European Commission

06-09-12

SolarWorld AG welcomes today’s decision by the European Commission to launch an investigation into dumping practices by Chinese photovoltaic manufacturers. After the EU ProSun industry initiative filed a trade complaint at the end of July, the EU Commission had 45 days to review the facts presented and to decide whether to initiate an investigation. As one of the leading manufacturers of solar technology and solar power applications worldwide, SolarWorld supports the EU ProSun industry initiative which represents the majority of the European PV industry. The initiative supports fair competition and the sustainable expansion of solar energy in Europe.

The European Commission now has nine months to come to a decision on provisional anti-dumping duties, but has the option, however, to impose these at an earlier date. SolarWorld’s U.S. subsidiary had already launched its own similar initiative in the United States at the end of 2011. In May, the U.S. Department of Commerce set provisional anti-dumping duties in excess of 30 percent. A final decision on U.S. duties is expected this fall.

About SolarWorld AG: The SolarWorld AG Group (ISIN: DE0005108401) is a worldwide leader in offering brand-name, high quality, crystalline solar-power technology. Its strength is its fully integrated solar production. From silicon as the raw material through wafers, cells and modules all the way to turn-key solar systems of all sizes, the group combines all stages of the solar value chain. The central business activity is selling quality modules into the installation and distribution trades and crystalline wafers to the international solar cell industry. Group headquarters are located in Bonn, Germany, with sales sites in Singapore, South Africa, Spain, France as well as in the U.S. state of California. The group´s largest production facilities operate in Freiberg, Germany and Hillsboro in the U.S. state of Oregon. Sustainability is the basis of the group strategy. Under the name Solar2World, the group supports care projects using off-grid solar-power solutions in developing countries, exemplifying sustainable economic development. Worldwide, SolarWorld employs about 3,000 people. SolarWorld AG has been quoted on the stock exchange since 1999 and today is listed on, among others, the TecDAX and ÖkoDAX as well as in the sustainability index NAI.

Contact:
SolarWorld AG
Martin-Luther-King-Str. 24
53175 Bonn, Germany
Tel.: +49 228/55920-400
E-Mail: presse(at)solarworld(dot)de
Internet: www.solarworld.com