September 21, 2009

Bonn, Germany: SolarWorld to Expand Module Capacity to 450 Megawatts

Solarworld AG is to expand its production capacity for solar power modules in Freiberg in Saxony. The capacity will be tripled to 450 megawatts by the end of 2010.

SolarWorld AG, which already employs more than 1.500 people in Germany, has thus again come out strongly in favor of Germany as a production location. Together with the already initiated expansion of the wafer production at Freiberg to 1,000 megawatts, the company will thus be creating more than 500 new jobs in the region.

In view of the strong demand for German quality products the company is working at the limits of its capacity. The company says that short-time working is unknown at the Solarworld sites.

Frank H. Asbeck, Chairman and CEO of SolarWorld AG: "We are producing at the highest quality level in Germany. The basis for this is provided by our highly motivated employees, our successful research and development work and our Freiberg site with its decades of tradition in solar power technology. Even in a more hotly contested solar market quality Made in Germany is a trump card "

Further details about: Solarworld AG