SolarWorld AG / Miscellaneous
13.02.2008
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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Silicon secured by another long-term-contract
Deutsche Solar AG, a subsidiary of SolarWorld AG, is consistently expanding
its wafer business with the international solar cell industry. The company
has concluded new long-term contracts for the supply of solar silicon
wafers worth 500 million EUR with customers from Asia and Europe. Thus, the
order books of the worldwide leader in crystalline solar silicon wafers
amount to more than 5.5 billion EUR until the year 2018. The export share
adds up to 90 per cent. At the same time Deutsche Solar AG has concluded a
contract with the solar silicon producer DC Chemical Co. Ltd. (DCC) for the
supply of solar silicon running to a volume of 600 MW that contributes to
securing the raw material supply for wafer production in the long term.
At the production site in Freiberg/Saxony the group is also backing its
continuous expansion of wafer production in technological terms by
strengthening the cooperation with the Technical University and Mining
Academy of Freiberg. The SolarWorld Group increased the SolarWorld
Foundation Fund for the promotion of research and teaching established in
the year 2006 by a five digit amount in order to support selected projects
in the chemistry and physics faculties. The high quality solar silicon
wafers gossamer thin discs made of high purity silicon are the input
material for the production of solar cells which in turn are turned into
solar modules.
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 system. SolarWorld AG is represented in all the
worlds solar growth markets. The group is exclusively dedicated to its
core business of photovoltaic power generation operating production
facilities in Germany and the USA. They in turn supply the SolarWorld AG
sales offices in Germany, Spain, USA, South Africa and Singapore. In South
Korea SolarWorld AG is currently building up a solar module production
facility in order to be able to serve the growing demand in Asia on the
spot in the future. 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 more than 2,000 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.
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 13.02.2008
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Language: English
Issuer: SolarWorld AGKurt-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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DGAP-News: SolarWorld AG sells additional solar wafers worth 500 Mio. Euro
| Source: EQS Group AG