DGAP-News: SolarWorld AG is Germany's Fastest Growing Company SolarWorld AG News
2009/01/08 - SolarWorld AG / Miscellaneous 08.01.2009 Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this
SolarWorld AG / Miscellaneous
08.01.2009
Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.
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Solar power for German roofs and Chinese villages
SolarWorld AG in Bonn is Germany's fastest growing company in 2008. This is
the conclusion of a study by the management consultancy Bain & Company
conducted on behalf of the business magazine 'Wirtschaftswoche'. In its
current edition the magazine emphasizes the company's concentration on the
core business of solar power technology and the coverage of the complete
solar value chain from silicon as the raw material to finished solar
modules as the main success factors. In terms of return on investment,
return on equity, growth and sales SolarWorld AG has come out at the top of
280 publicly quoted companies in Germany.
The main business of SolarWorld AG lies in solar power applications for
roofs and for large-scale solar generating plants in Germany, Europe and
the future growth market for solar energy - the USA. At the same time
SolarWorld also promotes access to energy in off-grid regions all over the
world. Thus, the company has been promoting the solar electrification of
more than one hundred villages in the West of China that had previously
been cut off from the power supply. As a result 29,000 people in a total of
142 villages in the thinly populated provinces of Xinjiang, Qinghai and
Yunnan will for the first time be given access to electricity. Within the
framework of a co-operation project between the Federal Republic of Germany
and the People's Republic of China SolarWorld AG has equipped each of these
villages with a solar power generating plant. All in all, the solar power
output of the SolarWorld plants adds up to 1.2 Megawatt (MW). The solar
power group has thus further strengthened its off-grid business the
objective of which is to equip regions far removed from central power grids
with efficient, decentralized solar power technology.
The power plants provide an annual production of some 1.1 million kilowatt
hours of solar power which is mainly used for lighting and for the
operation of smaller electrical appliances, radios and television sets in a
total of 7,300 households. 'The project in China shows that even on a
larger scale remote regions can be supplied with solar power. Participation
in modern life and economic development are thus made possible for the
first time', says Dipl.-Ing. Frank H. Asbeck, Chairman and CEO of
SolarWorld AG.
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 systems. 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 2,254 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.
SolarWorld AG
Contact Investor Relations: Phone: +49 228 55920-470
Contact Press: Phone: +49 228 55920-459
Fax: +49 228 55920-9470
E-Mail: placement@solarworld.de; Internet: www.solarworld.de
08.01.2009 Financial News transmitted by DGAP
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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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