DGAP-News: SolarWorld Secures Sustainable Solar-Grade Silicon Supplies Through In-House Production, Recycling and Long-Term Contracts with Renowned Manufacturers

SolarWorld AG / Miscellaneous

12.08.2008 

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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Expanding in-house production of Sunsil® solar-grade silicon in the
framework of the joint venture operated in Rheinfelden with Evonik Degussa
GmbH and the group’s comprehensive internal recycling activities, the
SolarWorld Group has secured its global solar raw material base through
long-term contracts with renowned manufacturers. With this three-pillar
strategy SolarWorld pursues a secure and consistent procurement strategy
for its raw materials. To this end, Deutsche Solar AG, a wholly owned
subsidiary of SolarWorld AG, has concluded a further contract with the
Korean silicon producer DC Chemical Co. Ltd. (DCC) for the delivery of
solar-grade silicon valued at 580 million US dollars by 2016.
With this new silicon contract SolarWorld is additionally securing the
utilization peaks of its wafer production at the Freiberg/Saxony and
Hillsboro/Oregon locations.
'We appreciate the partnership with DCC. The company is renowned for top
quality and we are looking forward to the long-term cooperation', says the
CEO of Deutsche Solar AG, Prof. Dr. Peter Woditsch.
In parallel to the contracts to secure raw material supplies, additional
long-term contracts for sales of solar wafers worth more than 350 million
US dollars in total were concluded with customers in Germany and China. The
order book, which extends until 2018, has thus exceeded a volume of 9
billion US dollars. 'We are aiming to increase our order book to ten
billion US dollars by the end of 2008', comments the CEO of SolarWorld AG,
Dipl.-Ing. Frank H. Asbeck, on the Group’s further outlook.

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 12.08.2008 
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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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