SolarWorld AG Secures Long-Term Supply of Asian Module Production

23-04-08v3

SolarWorld Korea Ltd. – a Joint Venture of SolarWorld AG and the Korean Solarpark Engineering Co. Ltd. – has secured the basic long-term supply of its solar factory in South Korea with solar silicon wafers with effect from the start of production in 2009. With the wafer manufacturer Nexolon Co. Ltd. SolarWorld Korea has concluded a contract for the delivery of 420 Megawatt (MW) of wafers that will come into force in 2009 for seven years and will thus secure the basic capacity utilization of module production. At the same time the Korean SolarWorld company has placed the orders for the production plants for module manufacture whose capacity will initially amount to 120 MW and can be doubled to 240 MW at the same production site. 'The build-up of our first production facility in Asia is proceeding according to plan', says Dipl.-Ing. Frank H. Asbeck, Chairman and CEO of SolarWorld AG. 'From here we will supply solar modules to the rapidly growing markets in Asia, especially Korea, starting in 2009'. 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