DGAP-News: SolarWorld

DGAP-News: SolarWorld AG invests in German wafer production

DGAP-News: SolarWorld AG / Key word(s): Miscellaneous SolarWorld AG invests in German wafer production

12.01.2017 / 16:16 The issuer is solely responsible for the content of this announcement.

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Diamond wire saws for wafer capacity of about 500 megawatts ordered

SolarWorld AG will invest a double digit million Euro amount to increase its manufacturing quality of solar wafers. Silicon-based solar wafers are the key component of solar cells. At its German site in Freiberg, SolarWorld is operating Europe's largest solar wafer plant, which will soon be equipped with state-of-the-art diamond wire saws by the Swiss supplier Meyer Burger. Diamond wire saws increase the output and production speed. At the same time, costs are decreased and resources saved by reducing material losses. The result: solar wafers of particularly high quality, which SolarWorld will use for the production of high-efficiency solar cells at its site in Arnstadt, Thuringia.

The aim is to further concentrate on high quality products with which SolarWorld sets itself apart, above all from Asian competitors.

"The higher the quality and efficiency of a solar power system, the lower the levelized cost of electricity per kilowatt hour. That's why we are further focusing on highest quality and efficiency with the new diamond wire technology, our monocrystalline PERC solar cells and extremely durable glass-glass modules. This makes every SolarWorld system a profitable investment for our customers," says Dr.-Ing. E. h. Frank Asbeck, CEO of SolarWorld AG.

SolarWorld REAL VALUE: SolarWorld manufactures and sells high-tech solar power solutions and in doing so contributes to a cleaner energy supply worldwide. The group, headquartered in Bonn, Germany, employs more than 3,300 people and operates facilities in Freiberg, Germany; Arnstadt, Germany; and Hillsboro, Oregon, USA as well as in a joint venture with Qatar Solar Technologies. From raw material silicon to solar wafers, cells and modules, SolarWorld manages all stages of production ? including research and development in its own company, SolarWorld Innovations. Through an international distribution network with locations in Europe, USA, Singapore, Japan, South Africa and Qatar, SolarWorld supplies customers all over the world. The company upholds high social standards and commits itself to resource- and energy-efficient production. SolarWorld was founded in 1998 and has been publicly traded on the stock market since 1999. More information at www.solarworld.com

Contact:

SolarWorld AG Timo Glatz Martin-Luther-King-Str. 24 53175 Bonn/Germany Phone: +49 228 55920-409; Email: timo.glatz@solarworld.com; Web: www.solarworld.com

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12.01.2017 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. Archive at www.dgap.de

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Language: English Company: SolarWorld AG Martin-Luther-King-Straße 24 53175 Bonn Germany Phone: +49 (0)228 - 559 20 470 Fax: +49 (0)228 - 559 20 9470 E-mail: placement@solarworld.com Internet: www.solarworld.de ISIN: DE000A1YCMM2, DE000A1YDDX6, DE000A1YCN14 WKN: A1YCMM, A1YDDX, A1YCN1 Listed: Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange



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535989 12.01.2017