DGAP-News: SolarWorld AG sells shares of the Swedish module subsidiary GPV to Borevind AB

SolarWorld AG / Miscellaneous

14.01.2008 

Release of a Corporate-announcement, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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SolarWorld AG sells 65 per cent of the company’s shares of the Swedish
module subsidiary Gällivare PhotoVoltaic AB (GPV) to the Swedish Borevind
AB. The sale was completed successfully on 14 January, an IPO is planned
for 2008. SolarWorld AG will remain a share holder in the Scandinavian
module manufacturer with a stake of 35 per cent.

About Borevind: Borevind AB (publ) is Sweden’s first and only investment
company in the renewable energy sector to go public. Borevind invests in
unlisted companies developing products or services within renewable energy,
an area of rapid technological advancement and with great potential.
Borevind is not a high risk capital venture. The strategy is long-term and
based on acquiring interests in low risk companies. Borevind will invest in
companies active within energies such as wind, solar, bio-fuels, fuel
cells, waste heat, geothermal energy, wave power. The need for alternative
sources of energy will grow and renewable energy will be of paramount
importance for future provision of energy and its competitiveness will
improve due to future development of technologies and globally increasing
prices of all categories of energy.
The Borevind investment portfolio comprises companies within wind farm
development, solar energy systems, bio fuel heating. The company’s head
office is based on Henån, an island on the Swedish West coast archipelago.
The Borevind share is traded on the Stockholm Stock Exchange, OMX First
North.

About SolarWorld AG: The SolarWorld Group (ISIN: DE0005108401) is among the
top trio of the solar power industry worldwide. The group is dedicated
exclusively to the core business of solar energy, combining all stages of
the solar value chain, from the raw material silicon to turn-key solar
power plants. The company operates production facilities in Germany, Sweden
and the USA. In California the largest production site in the USA for solar
modules and in Oregon the largest production site in the USA for solar
wafers and cells are being created. In Freiberg in Saxony the group
operates one of the world’s most advanced integrated solar production
facilities. Among the currently most important sales markets are Germany,
the USA and in the rest of Europe especially Spain. Sales offices in
Germany, Spain, California, South Africa and Singapore service the
international solar markets. In addition to on-grid solar power products
the group increasingly distributes rural solar power solutions
internationally that can make an important contribution to the sustainable
economic development of rural regions.
After the IPO at the end of 1999, the company developed within a few years
into one of the largest fully integrated solar technology groups. At the
end of the third quarter of 2007 some 1,969 people were working for the
group. At the stock exchange SolarWorld AG is listed among others in the
technology index TecDAX, in the Öko-DAX, in the Dow Jones STOXX 600, in the
international MSCI Index as well as in the sustainability indices DAXglobal
Alternative Energy and NAI.
Over and above this SolarWorld AG is getting involved at the social policy
level in order to push ahead the principle of sustainability and to sharpen
public awareness of resource and climate protection.
Moreover, SolarWorld is involved at the sociopolitical level in order to
further the sustainability notion and raise awareness for climate and
resources protection.


Contact:
SolarWorld AG Investor Relations / Marketing Communications,
Tel.-No.: +49 228 55920 -470; Fax-No.: +49 228 55920-9470,
E-mail: placement@solarworld.de   
Internet: www.solarworld.de


DGAP 14.01.2008 
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Language:     English
Issuer:       SolarWorld AG
              Kurt-Schumacher-Straße 12-14
              53113 Bonn
              Deutschland
Phone:        +49 (0)228 - 559 20 470
Fax:          +49 (0)228 - 559 20 99
E-mail:       placement@solarworld.de
Internet:     www.solarworld.de
ISIN:         DE0005108401
WKN:          510840
Indices:      TecDAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard), Düsseldorf;
              Freiverkehr in Berlin, München, Hamburg, Stuttgart;
              Terminbörse EUREX
End of News                                     DGAP News-Service
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