SolarWorld AG / Miscellaneous
31.05.2010 11:01
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Group makes one of the largest German solar investments at the Freiberg
location
Today SolarWorld AG inaugurated its new solar wafer production in the
presence of Germany's Federal Environment Minister Röttgen at the German
location in Freiberg. As a result the group will have a total production
capacity of 750 Megawatt worth of crystalline solar wafers in Germany by
the end of the year. These in turn will be the blanks for the production of
highly efficient crystalline solar cells. Buildings and infrastructure are
already in place for the further expansion to 1,000 Megawatt. Thus,
SolarWorld comes out fairly and squarely in favor of Germany as its
high-tech production location.
'The constantly progressing climate change is forcing us to make our energy
supply more and more carbon free. My idea is that by 2050 the renewable
energies will cover our energy needs almost completely', says Environment
Minister Röttgen during the celebrations at Freiberg's Industrial Estate
East. 'A new market is emerging, in Germany and worldwide. It is only
through permanent innovation and a brand strategy that the German
manufacturers can stand their ground in this increasingly tougher
international competition. SolarWorld has adopted a very good approach here
and I am positive that SolarWorld AG will continue to write its success
story.'
On the whole SolarWorld will be investing 350 million Euro in this new
production facility. 'This makes it one of the largest investments in the
photovoltaic business ever made in Germany', explains Frank H. Asbeck,
Chairman and CEO of SolarWorld AG. 'At all our locations we are producing
to high quality, environmental and social benchmarks setting standards
worldwide. Freiberg as the very heart of our worldwide production will be
further expanded and in doing so we will send out a signal against the
industry trend of outsourcing production capacities to other countries.'
SolarWorld is one of Germany's Top 100 employers. In the 'trendence
Absolventenbarometer 2010' published by the german business magazine
'Manager Magazin' SolarWorld AG is among the most popular employers in 14th
place with engineers.
With the new building SolarWorld will become even more efficient in
production: The entire manufacturing process is fully automated and can
boast low energy and water consumption. In addition, the waste heat from
crystallization is used to heat the entire building. The roughly one
Megawatt strong solar power plant on the industrial roof supplies clean
electricity for about 1,000 people. At its largest production site
worldwide in Freiberg SolarWorld employs 1,700 people which makes it the
largest industrial employer in the rural district of Central Saxony.
About SolarWorld AG: The SolarWorld AG Group (ISIN: DE0005108401) is a
worldwide leader in offering brand-name, high quality, crystalline
solar-power technology. Its strength is its fully integrated solar
production. From silicon as the raw material through wafers, cells and
modules all the way to turn-key solar systems, including recycling, the
group combines all stages of the solar value chain. The central business
activity is selling quality modules into the installation and distribution
trades and crystalline wafers to the international solar cell industry.
Group headquarters are located in Bonn, Germany. Production sites are to be
found in Germany, the United States and South Korea. The group's largest
production facilities operate in Freiberg, Germany and Hillsboro in the
U.S. State of Oregon. Sustainability is the basis of the group strategy.
Under the name Solar2World, the group supports care projects using off-grid
solar-power solutions in emerging economies and developing countries,
exemplifying sustainable economic development. Worldwide, SolarWorld
employs more than 2,700 people. SolarWorld AG has been quoted on the stock
exchange since 1999 and today is listed on, among others, the TecDAX,
ÃkoDAX, Dow Jones STOXX 600 as well as in the sustainability indices
DAXglobal Alternative Energy and NAI.
Contact SolarWorld AG
Investor Relations: Tel.-No.: 0228/55920-470; Fax-No.: 0228/55920-9470,
E-Mail: placement@solarworld.de
Presse: Tel.-No.: 0228/55920-400, E-Mail: press@solarworld.de
Internet: www.solarworld.de
31.05.2010 11:01 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|]
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Language: English
Company: SolarWorld AG
Martin-Luther-King-StraÃe 24
53175 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: Germany's Federal Environment Minister Röttgen Inaugurates New Solar Wafer Production
| Source: EQS Group AG