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Module production expanded to 100 MW for booming US market

15-07-08v3

SolarWorld AG consistently strengthens its business with solar modules and complete systems. At the Intersolar North America taking place in San Francisco from 15 to 17 July 2008 the company announced the completion of its new fully automatic production line for mono-crystalline solar modules in Camarillo with an output capacity of 100 MW. 'With this we will meet the booming demand for high-quality solar systems in the USA', explained Dipl.-Ing. Frank H. Asbeck, Chairman and CEO of SolarWorld AG, when he visited the exhibition. 'Especially in California the solar market is growing rapidly. Solar power from the roof will be cheaper than conventional peak-load power in a few years time'. The Intersolar North America is part of the leading US semiconductor fair Semicon West and is the largest US solar show next to the 'Solarpower' exhibition. SolarWorld No.1 to start in the North American Solar Challenge Just a few days before the beginning of the exhibition the solar racing car SolarWorld No.1 entered the biggest North American race of solar motor sports, the North American Solar Challenge, in Dallas. The team from the University of Bochum which developed the solar racer in cooperation with the main sponsor, SolarWorld AG, has been on the race track since Sunday bearing the Number 1. The route will take the race cars 4,000 kilometers across the North American continent from Texas to Calgary in Canada. It is expected that the contestants will cross the finishing line on 22 July 2008. The solar racing cars of the 24 teams who mainly come from US universities are exclusively powered by the energy of the sun. 'Now that the team has again optimized the technology I am confident that the SolarWorld No.1 racer will improve upon the fourth place it achieved in its last race in Australia', said SolarWorld chief Frank Asbeck. In the World Solar Challenge covering 3,000 kilometers across the Australian continent in the fall of 2007 SolarWorld No.1 had won the prize for the best design. The aerodynamic racing car weighs 200 kilograms, is propelled by highly efficient solar cells with a surface of six square meters and reaches a top speed of 120 km/h. SolarWorld AG’s sponsorship for solar motor racing is designed to make the public aware of the potentials of modern solar power technology and at the same time to promote the development of young engineers and to alert them to the future tasks of climate-friendly energy generation. 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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