RWE Solar, ASE Americas, Schott Create Joint Venture

RWE Solutions AG and Schott Glas have consummated a manufacturing and marketing joint venture of their solar photovoltaic (PV) subsidiaries to form RWE Schott Solar.

Billerica, Massachusetts and Rocklin, California – November 13, 2002 [SolarAccess.com] The joint venture, which recently received final government approval, joins RWE Solar GmbH of Alzenau, Germany, its subsidiary ASE Americas Inc. of Billerica, Massachusetts and Schott Applied Power Corporation, of Rocklin, California. ASE Americas, Inc is changing its name to RWE Schott Solar, but will continue selling their flagship solar module under the ASE 300 brand name. Schott Applied Power will retain its current name. “This joint venture is an exciting opportunity for ASE Americas to combine our world-leading solar wafer, cell, and module manufacturing processes with the distribution network and market presence of Schott Applied Power,” said Tom Zarrella, Chief Operating Officer for ASE Americas. “RWE Schott Solar will emerge as the clear leader in the rapidly growing PV market.” “Schott Applied Power’s role as a solar PV systems integrator and distributor, combined with the PV manufacturing prowess of ASE Americas, will put RWE Schott Solar in a very strong strategic position to continue to expand our business in an industry experiencing tremendous growth,” said Tom Starrs, President of Schott Applied Power Corporation. “This joint venture will bring continued focus to offering competitive, quality solar solutions to our customers worldwide.” The European Commission has granted antitrust clearance for the joint venture, which becomes the leading solar company in Germany and the sixth largest worldwide. RWE currently has PV manufacturing operations in Alzenau Germany, Putzbrunn Germany, and Billerica Massachusetts, which together will have a capacity of over 100 megawatts. Schott Applied Power is an industry leading marketer and distributor of PV components and integrated PV systems based in Rocklin, California. Access:

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