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SolarWorld AG Relies on Germany as Production Location

Breaking Ground for Production Expansion to 1 Gigawatt in Freiberg

07-07-08v3

Also in the face of progressing globalization in the solar industry SolarWorld AG is coming out fairly and squarely in favor of Germany as a production location as far as the expansion of its own production is concerned. By breaking ground for the new Industrial Estate East in Freiberg/Saxony in the presence of Wolfgang Tiefensee, the German Minister of Transport, the group will be initiating one of the biggest expansion projects in its history. On a 200,000 square meters area at the edge of the University Town of Freiberg a modern wafer production plant is being created with which the wafer production capacity will be increased by 500 Megawatt (MW) up to one Gigawatt (1,000 Megawatt) until end of 2010. Total investments will amount to 350 million EUR. More than 500 new jobs will be created. The first stage of expansion will provide for the increase of the production potential by 250 MW to 750 MW by the end of 2009. 'Reliable political framework conditions, qualified employees and a modern infrastructural environment – all these characterize Germany as a production location', says Dipl.-Ing. Frank H. Asbeck, Chairman and CEO of SolarWorld AG. 'For our investments into the solar future these are ideal conditions.' Topping-out ceremony for technical school In addition to the breaking ground ceremony for the new production area in Freiberg the group also celebrates the topping-out ceremony for a technical school at the traditional location. Thus, SolarWorld AG continues consistently its expansion and quality policy. The new industrial building is being created in the immediate vicinity of the future Research & Development Center. The technical school will enable further technological development in the industrial production. Additionally, it will boost future expansion plans. 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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