SolarWorld Group Supplies Solar Power Technology to China and Italy

The SolarWorld subsidiary, Deutsche Solar AG, producer of solar silicon wafers, will supply Euro 350 million [US$ 445 million] worth of wafers to an unnamed Chinese manufacturer of solar cells and solar modules. In a second multi-million Euro agreement, SolarWorld AG is expanding its Italian business for delivery of solar power systems and solar modules to wholesaler Tecnospot in Bolzano.

The contract for China is expected to come into force this year and run until 2018. The solar silicon wafers will come from the group’s advanced integrated solar wafer factory in Freiberg, [where SolarWorld AG uses silicon to produce high-quality solar wafers, solar cells and solar modules.] “With this new supply agreement we will expand our engagement in China, which is among the highest growth photovoltaic markets worldwide,” said Frank H. Asbeck, chairman and CEO of SolarWorld AG. Speaking about the Italian sales agreement, Frank Henn, Vice President Sales of SolarWorld AG said, “In the current year we are expecting a sales volume in the high single-digit megawatt range in this market.” According to a study by the Europress Service, solar power systems with a top output of some 53 MW will be installed in Italy in 2006. The Conto Energia approved in the end of July gives operators of solar power systems in Italy a compensation for feeding solar power into the grid that is at the level of the German payment (49 cents per kilowatt-hour).

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