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SolarWorld Secures Sustainable Solar-Grade Silicon Supplies Through In-House Production, Recycling and Long-Term Contracts with Renowned Manufacturers

12-08-08v3

Expanding in-house production of Sunsil solar-grade silicon in the framework of the joint venture operated in Rheinfelden with Evonik Degussa GmbH and the group’s comprehensive internal recycling activities, the SolarWorld Group has secured its global solar raw material base through long-term contracts with renowned manufacturers. With this three-pillar strategy SolarWorld pursues a secure and consistent procurement strategy for its raw materials. To this end, Deutsche Solar AG, a wholly owned subsidiary of SolarWorld AG, has concluded a further contract with the Korean silicon producer DC Chemical Co. Ltd. (DCC) for the delivery of solar-grade silicon valued at 580 million US dollars by 2016. With this new silicon contract SolarWorld is additionally securing the utilization peaks of its wafer production at the Freiberg/Saxony and Hillsboro/Oregon locations. 'We appreciate the partnership with DCC. The company is renowned for top quality and we are looking forward to the long-term cooperation', says the CEO of Deutsche Solar AG, Prof. Dr. Peter Woditsch. In parallel to the contracts to secure raw material supplies, additional long-term contracts for sales of solar wafers worth more than 350 million US dollars in total were concluded with customers in Germany and China. The order book, which extends until 2018, has thus exceeded a volume of 9 billion US dollars. 'We are aiming to increase our order book to ten billion US dollars by the end of 2008', comments the CEO of SolarWorld AG, Dipl.-Ing. Frank H. Asbeck, on the Group’s further outlook. 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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