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Largest Solar park in Asia Relies on SolarWorld Technology

15 MW Power Plant Connected to the Grid in South Korea

15-10-08v3

On behalf of its South Korean partner SolarPark Engineering Co. Ltd. the SolarWorld Group has equipped the largest solar park ever built in Asia with solar power technology. For the 15 MW (Megawatt) power plant located 350 km to the South of Seoul in Gochang in the province of Jeollabukdo the internationally leading solar technology group supplied a total of 85,000 solar modules. The connection to the power grid in South Korea is taking place today. It provides the occasion for an opening ceremony that a large number of high ranking Korean politicians, among them State President Lee Myung-Bak, are expected to attend. The Gochang solar park covers an area of 380,000 square meters and will generate 23.5 million Kilowatt hours of electricity per year. This is enough to supply 25,000 Koreans completely with environmentally friendly solar power. At the same time the emission of 15,400 tons of carbon dioxide per year is avoided. Photos of the solar park are available for downloading on the Internet site www.solarworld.de under Press/ Press-Login. Module Factory about to be commissioned 'South Korea is Asia’s leading market for renewable energies. Thanks to our early involvement in this market together with our partner we have been able to establish a position of leadership on the basis of which we will increasingly penetrate additional growth markets in Asia', says SolarWorld Chairman and CEO Dipl.-Ing. Frank H. Asbeck. The Joint Venture SolarWorld Korea Ltd. managed in cooperation with SolarPark Engineering Co. Ltd. is currently building a manufacturing facility for the production of solar modules that will start production at the end of the year. In 2009 its capacity will amount to 120 MW. About SolarWorld AG The SolarWorld AG group of companies (ISIN: DE0005108401) is a world leader in high quality solar power technology. The company is involved at all levels of the solar value chain and combines all activities of the solar industry from silicon as the raw material to turn-key solar power systems. SolarWorld AG is represented in all the world’s solar growth markets. The group is exclusively dedicated to its core business of photovoltaic power generation operating production facilities in Germany, USA and South Korea. They in turn supply the SolarWorld AG 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 also sells off-grid solar power solutions that make an important contribution to the sustainable economic development of threshold and developing countries. Under the name Solar2World the group has pooled its ethical commitment to solar power especially in developing countries. SolarWorld AG employs 2,254 people worldwide. At the stock market the company is listed among others in the technology index TecDAX, in the ÖkoDAX, in the Dow Jones STOXX 600, in the international MSCI index as well as in the sustainability indices DAXglobal Alternative Energy and NAI. SolarWorld Press contact SolarWorld AG Martin-Luther-King-Straße 24 53175 Bonn Germany Contact Investor Relations: Tel.-Nr.: 0228/55920-470 Contact Press: Tel.-Nr.: 0228/55920-459 Fax-Nr.: 0228/55920-9470 E-Mail: placement(at)solarworld.de Internet: www.solarworld.de

 



 
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