SolarWorld AG Announces Acquisition of the German Solar Cell and Module Production of Bosch Solar Energy

   SolarWorld AG Announces Acquisition of the German Solar Cell and Module
                       Production of Bosch Solar Energy

  PR Newswire

  BONN, Germany, November 26, 2013

BONN, Germany, November 26, 2013 /PRNewswire/ --

Contract signed - European gigawatt group arises

The European solar technology manufacturer SolarWorld AG announces the
acquisition of the cell and module production of Bosch Solar Energy in
Arnstadt in the German federal state of Thuringia. This means that around 800
jobs will be preserved and secured in the wholly-owned SolarWorld subsidiary
SolarWorld Industries-Thüringen GmbH. The purchase agreement has been signed
today. With this purchase, SolarWorld takes over a cell production plant with
a nominal year-end capacity of 700 MW and a module production plant with a
nominal year-end capacity of 200 MW from Bosch Solar Energy AG.

With the acquisition, the first European solar energy group with a production
capacity of over one gigawatt arises. SolarWorld produces solar wafers, solar
cells and solar modules in Germany and the United States. Together with the
newly acquired production facilities, SolarWorld will be the largest solar
technology manufacturer in the Western world.

Dr.-Ing. E.h. Frank Asbeck, CEO of SolarWorld AG: "We believe in Made in
Germany and Made in the United States. Only with the highest quality standards
can we meet the demands of our customers and offer guarantees of 25 or even 30
years. The acquisition of the production facilities of Bosch Solar Energy
strengthens SolarWorld. We are reinforcing Germany's leadership in
photovoltaics."

Bosch and SolarWorld use cell technologies with high degrees of efficiency.
Both are leaders in the technological development and industrial application
of high-efficiency PERC technology. With the consolidation of research
activities and with their combined production experience, SolarWorld expects
further efficiency gains and cost reductions. The implementation of the
acquisition as well as the successful completion of the SolarWorld's
restructuring process is to take place at the end of February 2014. The
transaction is subject to a pending antitrust approval and other closing
conditions.

At a staff meeting of Bosch Solar Energy on Tuesday morning, Dr. Frank Asbeck
and Bosch's CEO Dr. Volkmar Denner jointly announced the takeover decision to
employees in Arnstadt. Asbeck: "With the locations of Arnstadt/Thuringia,
Freiberg/Saxony and Hillsboro/United States, the gigawatt manufacturer arises
that was long called for in the solar industry by European politics. With the
best technology and the best quality, we will assume a leadership role in the
solar industry. We are going to implement the energy transition in practice."

Please find here a detailed interview with Dr.-Ing. E.h. Frank Asbeck:
http://www.solarworld.de/en/press

About SolarWorld AG: SolarWorld AG manufactures solar power systems and in
doing so contributes to a cleaner energy supply worldwide. The company,
located in Bonn, employs approximately 2,500 people and carries out production
in Freiberg, Germany, and Hillsboro, USA. From raw material silicon to the
solar module, SolarWorld manages all stages of production, including its own
research and development. Through an international distribution network,
SolarWorld supplies customers all over the world with solar modules and
complete systems. The company maintains high social standards at all locations
across the globe, and has committed itself to resource- and energy-efficient
production. SolarWorld has been publically traded on the stock market since
1999. More information at http://www.solarworld.com .

Contact: SolarWorld AG Martin-Luther-King-Str. 24 53175 Bonn
+49(0)228-55920-409 press@solarworld.de http://www.solarworld.de
 
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