DGAP-News: Module production expanded to 100 MW for booming

SolarWorld AG / Miscellaneous

15.07.2008 

Release of a Corporate News, 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 consistently strengthens its business with solar modules and
complete systems. At the Intersolar North America taking place in San
Francisco from 15 to 17 July 2008 the company announced the completion of
its new fully automatic production line for mono-crystalline solar modules
in Camarillo with an output capacity of 100 MW. 'With this we will meet the
booming demand for high-quality solar systems in the USA', explained
Dipl.-Ing. Frank H. Asbeck, Chairman and CEO of SolarWorld AG, when he
visited the exhibition. 'Especially in California the solar market is
growing rapidly. Solar power from the roof will be cheaper than
conventional peak-load power in a few years time'. The Intersolar North
America is part of the leading US semiconductor fair Semicon West and is
the largest US solar show next to the 'Solarpower' exhibition.
SolarWorld No.1 to start in the North American Solar Challenge

Just a few days before the beginning of the exhibition the solar racing car
SolarWorld No.1 entered the biggest North American race of solar motor
sports, the North American Solar Challenge, in Dallas. The team from the
University of Bochum which developed the solar racer in cooperation with
the main sponsor, SolarWorld AG, has been on the race track since Sunday
bearing the Number 1. The route will take the race cars 4,000 kilometers
across the North American continent from Texas to Calgary in Canada. It is
expected that the contestants will cross the finishing line on 22 July
2008. The solar racing cars of the 24 teams who mainly come from US
universities are exclusively powered by the energy of the sun. 'Now that
the team has again optimized the technology I am confident that the
SolarWorld No.1 racer will improve upon the fourth place it achieved in its
last race in Australia', said SolarWorld chief Frank Asbeck. In the World
Solar Challenge covering 3,000 kilometers across the Australian continent
in the fall of 2007 SolarWorld No.1 had won the prize for the best design.
The aerodynamic racing car weighs 200 kilograms, is propelled by highly
efficient solar cells with a surface of six square meters and reaches a top
speed of 120 km/h. SolarWorld AGs sponsorship for solar motor racing is
designed to make the public aware of the potentials of modern solar power
technology and at the same time to promote the development of young
engineers and to alert them to the future tasks of climate-friendly energy
generation.

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 industry from silicon as the raw material to turn-key
solar power system. SolarWorld AG is represented in all international 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. A
central element of the business in addition to the sale of turn-key solar
systems and solar modules to retailers 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 roof
Solar2World the group has pooled its ethical commitment to solar power
especially in developing countries. SolarWorld AG employs about 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 15.07.2008 
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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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DGAP-News: Module production expanded to 100 MW for booming US market
