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SolarWorld Group Concludes Delivery Contract for another 750 Million EUR

Capacity Utilization of Production Expansion to 1 Gigawatt in Saxony Ensured

24-06-08v3

SolarWorld AG with its subsidiary Deutsche Solar AG is expanding its leading position as a manufacturer of high quality solar silicon wafers. The company agreed a ten-year contract for delivery of the crystalline silicon wafers with a total volume of over 750 million EUR with the globally operating solar cell producer Solar Semiconductor Pvt. Ltd. from India. This gives the SolarWorld Group a long-term external volume of orders of more than six billion EUR in the wafer business until the year 2018. Construction of new facility is commitment to Germany as production location 'With the new wafer contract we are securing the capacity utilization of the new production facility in Freiberg in Saxony,' said Dipl.-Ing. Frank H. Asbeck, Chairman and CEO of SolarWorld AG. On 7 July 2008 the group will start the construction work for the new wafer factory. The breaking of the ground ceremony will be performed by the German Minister of Transport Wolfgang Tiefensee as the German Government’s Minister in charge of the new federal states. Asbeck: 'We come out clearly in favor of Germany as a production location. The Federal Republic is an international pioneer in the expansion of renewable energies. Motivation and employment qualification are appropriately high. In this environment our investments are well placed.' It is planned to increase the present production capacity at the Freiberg location from 500 Megawatt to 750 Megawatt until the end of the year 2009. In 2010 another 250 Megawatt are to follow. All in all SolarWorld AG will invest 350 million EUR on the new 200,000 square meter site creating about 500 new jobs at the same time. 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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