SolarWorld Pledges Support for Solar Forward, Crowd-Sourced Solar-Energy Fund in Portland, Ore.

  SolarWorld Pledges Support for Solar Forward, Crowd-Sourced Solar-Energy
  Fund in Portland, Ore.

    Fund will support solar arrays at city schools, community centers and
                                  libraries

Business Wire

HILLSBORO, Ore. -- December 3, 2013

SolarWorld joined Portland Mayor Charlie Hales today to launch Solar Forward,
a crowd-sourced campaign to pay for solar installations at some of Portland’s
most beloved public spaces. The largest U.S. solar manufacturer since 1975,
SolarWorld is one of five founding donors that together have pledged more than
$20,000 to seed the clean-energy fund.

SolarWorld solar panels power Solar Forward's inaugural installation at
Portland's Southwest Communi ...

SolarWorld solar panels power Solar Forward's inaugural installation at
Portland's Southwest Community Center. Photo courtesy of the City of Portland.
(Photo: Business Wire)

The first revolving solar fund in the city’s history, Solar Forward will
finance construction of solar arrays on Portland’s community centers, schools
and libraries. The city invites individuals and organizations to join the
founding donors – among them, SolarWorld, Portland Development Commission,
Portfolio 21 Investments, Umpqua Bank and Wells Fargo – in giving tax-free
donations to support the city’s solar future.

Portland’s innovation is not alone among new models for ownership of solar
energy. Community solar is an evolving movement in U.S. cities, including
Portland; Seattle; Denver; Sacramento, Calif.; Austin, Texas; and Chicago.
While other states’ programs offer financial benefits to community solar
subscribers, such as a credit on their electric bills or monetary returns on
investment, Oregon’s rules and regulations do not allow these types of
financial benefits. Solar Forward is a voluntary, donation-based campaign.

“In Portland we have a chance for the first time to join as an entire
community and put solar on some of our most beloved public spaces,” Mayor
Hales said. “Joining us in this community solar campaign is both a simple
gesture and a powerful expression of our shared future. It’s a way for all of
us to show that there are still places in the world that value community above
self.”

Earlier this year, Portland’s Bureau of Planning and Sustainability (BPS)
received a $100,000 grant from the Oregon Community Foundation to establish
Solar Forward and install a 10-kilowatt solar installation at Portland Parks
and Recreation’s Southwest Community Center. This pilot installation features
SolarWorld’s high-performance monocrystalline solar panels manufactured just
15 miles away at the company’s U.S. manufacturing headquarters in Hillsboro.

“As engaged members of the greater Portland community, we at SolarWorld
wholeheartedly support the vision of Solar Forward: a Portland where pervasive
solar power contributes to clean air, a healthy planet and a robust local
economy,” said Mukesh Dulani, U.S. president of SolarWorld.

Once Solar Forward has raised $50,000, BPS will install solar panels at
Portland Public School’s Oliver P. Lent Elementary School in Portland’s Lents
neighborhood. Additional sites will be announced prior to future fundraising
cycles.

About SolarWorld

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 publicly traded on the stock market since 1999. More information at
www.solarworld-usa.com.

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Contact:

SolarWorld Industries America
Devon Cichoski
Media Relations Manager
Office: 805-388-6388
Mobile: 805-377-2905
Devon.Cichoski@SolarWorld-USA.com
 
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