DGAP-News: SolarWorld AG / Key word(s): Miscellaneous SolarWorld expands production capacity in the USA 31.10.2014 / 09:28 --------------------------------------------------------------------- Company is responding to rising, and more exacting, U.S. demand German solar company SolarWorld AG will expand both solar-panel and high-efficiency cell production in Hillsboro, Oregon. The plan is to expand U.S. capacities in a first step from 380 to 530 megawatts (MW) with the option to expand up to 630 MW. Along with the company's manufacturing in Germany, companywide annual production capacity for solar panels will rise to about 1,300 megawatts. The company is the largest manufacturer of solar technology in the United States, in Germany and on a global scale outside of Asia. SolarWorld also is increasing production of monocrystalline PERC (Passivated Emitter Rear Cell) cells. With this technology, the company will continue to produce cells for solar panels at 280 watts-peak and higher, further advancing their efficiency. SolarWorld's factory in Hillsboro already is the largest producer of PERC cells worldwide, with 335 (MW) of annual production capacity. Expansion will add another 100 MW of capacity, for a total of 435 MW. With the expansions, SolarWorld is responding to growing U.S. demand. The market is expected to grow by more than 30 percent this year and again in 2015. Dr.-Ing. E.h. Frank Asbeck, CEO and Chairman of SolarWorld AG: "U.S. customers demand more and more modules with high efficiency and longevity. That's exactly what comes with SolarWorld modules made in the USA." The expansion announcements were made in the presence of U.S. Senator Ron Wyden, chairman of the Senate Committee on Finance. Wyden supports SolarWorld's initiative in favor of fair and legal trade and emphasized the necessity to keep and strengthen industrial solar manufacturing in the U.S. SolarWorld REAL VALUE: SolarWorld manufactures and sells solar power solutions and in doing so contributes to a cleaner energy supply worldwide. The group, headquartered in Bonn, Germany, employs approximately 3,200 people and carries out production in Freiberg, Germany; Arnstadt, Germany; and Hillsboro, USA. From raw material silicon to solar wafers, cells and modules, SolarWorld manages all stages of production â including its own research and development. Through an international distribution network with locations in Europe, USA, Singapore and South Africa, SolarWorld supplies customers all over the world. The company maintains high social standards at all locations across the globe, and has committed itself to resource- and energy-efficient production. SolarWorld was founded in 1998 and has been publically traded on the stock market since 1999. More information at www.solarworld.de/en Contact: SolarWorld AG Investor Relations Phone: +49 228 55920-470; Fax: +49 228 55920-9470, Email: placement@solarworld.de; Internet: www.solarworld.de/en/investor-relations --------------------------------------------------------------------- 31.10.2014 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: SolarWorld AG Martin-Luther-King-StraÃe 24 53175 Bonn Germany Phone: +49 (0)228 - 559 20 470 Fax: +49 (0)228 - 559 20 9470 E-mail: placement@solarworld.de Internet: www.solarworld.de ISIN: DE000A1YCMM2, DE000A1YDDX6, DE000A1YCN14 WKN: A1YCMM, A1YDDX, A1YCN1 Listed: Regulierter Markt in Düsseldorf, Frankfurt (Prime Standard); Freiverkehr in Berlin, Hamburg, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 294323 31.10.2014
DGAP-News: SolarWorld expands production capacity in the USA
| Source: EQS Group AG