Solar

SolarWorld AG, Degussa AG Form Joint Venture

May 29, 2002 [SolarAccess.com] Degussa AG and SolarWorld AG will form a joint venture for the production of solar silicon. They will pool their resources in developing and establishing a cost-effective technology for the manufacture of solar silicon. In the consistently high demand for solar silicon as the raw material for the photovoltaic (PV) industry the two companies see a significant potential for their joint activities. Degussa AG holds 51 per cent and SolarWorld AG has a 49 per cent stake in the new company. Entrepreneurial decisions will be taken jointly by the two partners.