DGAP-News: SolarWorld AG Secures Long-Term Supply of Asian Module Production

SolarWorld AG / Miscellaneous

23.04.2008 

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 Korea Ltd. – a Joint Venture of SolarWorld AG and the Korean
Solarpark Engineering Co. Ltd. – has secured the basic long-term supply of
its solar factory in South Korea with solar silicon wafers with effect from
the start of production in 2009. With the wafer manufacturer Nexolon Co.
Ltd. SolarWorld Korea has concluded a contract for the delivery of 420
Megawatt (MW) of wafers that will come into force in 2009 for seven years
and will thus secure the basic capacity utilization of module production.
At the same time the Korean SolarWorld company has placed the orders for
the production plants for module manufacture whose capacity will initially
amount to 120 MW and can be doubled to 240 MW at the same production site.
'The build-up of our first production facility in Asia is proceeding
according to plan', says Dipl.-Ing. Frank H. Asbeck, Chairman and CEO of
SolarWorld AG. 'From here we will supply solar modules to the rapidly
growing markets in Asia, especially Korea, starting in 2009'.

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
world’s 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
ecology index 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 23.04.2008 
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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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