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Spanish 30 MW Solar Park Equipped with SolarWorld Technology

Consortium of Deutsche Bank AG, Solarparc AG and Spanish Partners

02-10-08v3

Together with a consortium of Deutsche Bank AG, the Spanish ecoEnergias and Solarparc AG the SolarWorld Group created a 30 Megawatt (MW) solar park in the Autonomous Community of Extremadura in the Southwest of Spain. The solar power plant located in the vicinity of the two towns of Mérida and Don Alvaro possesses a double axis tracking system to track the sun which makes it one of the largest solar projects of its kind internationally. SolarWorld AG supplied major parts of the solar power system and was also involved in the planning of the climate-friendly power plant that could be completed in six months. Thanks to early registration by the Spanish partner the solar park will receive a state-guaranteed feed-in compensation of initially around 43 cents per kWh. This rate will be paid for the duration of 25 years subject to an annual adjustment to the Spanish consumer price index. The initiators are planning to place the Spanish solar park as a financial product with interested investors. Within the consortium the SolarWorld AG subsidiary Solarparc AG has the marketing rights for a total of 10 MW. On 3 October 2008 the inauguration ceremony for the solar quality power plant will take place in which not only the President of the Autonomous Community of Extremaduras, Guillermo Fernandez Vara, but also the Chairman and CEO of SolarWorld AG, Dipl.-Ing. Frank H. Asbeck, will take part. 'Quality and efficiency are for us the crucial parameters by which to promote the competitiveness of climate-friendly solar power', says the head of SolarWorld. 'This applies to both decentralized roof top systems and to high capacity green field power stations like the one in Extremadura.' 'For investors we are offering an attractive and sustainable investment product with our first Spanish solar park which thanks to its high quality and lucrative feed-in compensation will make for strong returns on investment', says Susanne Asbeck-Muffler, the CFO of Solarparc AG. Thanks to the excellent solar radiation conditions in the sun-drenched region along the border to Portugal the solar park will generate some 57 million kilowatt hours of climate-friendly electricity – enough to completely meet the needs of more than 16,000 Spanish households. At the same time it helps to avoid 38,500 tons of CO2 emissions per year. 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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