DGAP-News: SolarWorld AG applauds decision in favor of U.S.

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Dec 21, 2015 at 3:15 AM

DGAP-News: SolarWorld AG applauds decision in favor of U.S. solar power

DGAP-News: SolarWorld AG / Key word(s): Miscellaneous SolarWorld AG applauds decision in favor of U.S. solar power 21.12.2015 / 09:00 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- The U.S. Congress approved the extension of the federal Investment Tax Credit (ITC) that promotes investments in solar power plants in votes on Friday night European time. Dr.-Ing. E. h. Frank Asbeck, CEO of SolarWorld AG: "The United States has taken the first step to implement what it promised at the climate summit in Paris. This is a big step forward for solar power in America. Today, the United States is already the strongest growing competitive solar market worldwide, with annualized growth rates of about 30 percent. This trend will continue." "For the sake of fair competition and quality, it is now vital to enforce compliance with international trade rules. Since 2012, measures against dumping and subsidies by Chinese solar manufacturers have been in force in the United States. However, the government must continue to focus on enforcement, and we will continue to work with them in every way to make sure the circumvention and evasion are fully addressed. Sustainable market growth can happen only without dumping," says Mukesh Dulani, President of SolarWorld Americas Inc. SolarWorld is the largest manufacturer of solar technology in the United States and in Europe. It has an outstanding position as manufacturer of high-quality and durable solar products. The group achieves more than 50 percent of its revenue in the Americas. Dr.-Ing. E. h. Frank Asbeck: "The European Union should take the United States as an example. Particularly in Germany, it is high time to turn from skepticism to optimism again. Costs for solar power have gone down dramatically within the last years. Solar will be an essential pillar for a safe, clean and affordable energy supply." SolarWorld REAL VALUE: SolarWorld manufactures and sells high-tech solar power solutions and in doing so contributes to a cleaner energy supply worldwide. The group, headquartered in Bonn, Germany, employs approximately 3,700 people and carries out production in Freiberg, Germany; Arnstadt, Germany; and Hillsboro, USA. From raw material silicon to solar wafers, cells and modules, SolarWorld manages all stages of production â including its own research and development. Through an international distribution network with locations in Europe, USA, Singapore, Japan and South Africa, SolarWorld supplies customers all over the world. The company maintains high social standards at all locations across the globe, and has committed itself to resource- and energy-efficient production. SolarWorld was founded in 1998 and has been publically traded on the stock market since 1999. More information at www.solarworld.com Contact: SolarWorld AG Investor Relations Phone: +49 228 55920-409; Email: placement@solarworld.com; Web: www.solarworld.de/en/investor-relations --------------------------------------------------------------------------- 21.12.2015 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: SolarWorld AG Martin-Luther-King-StraÃe 24 53175 Bonn Germany Phone: +49 (0)228 - 559 20 470 Fax: +49 (0)228 - 559 20 9470 E-mail: placement@solarworld.com Internet: www.solarworld.de ISIN: DE000A1YCMM2, DE000A1YDDX6, DE000A1YCN14 WKN: A1YCMM, A1YDDX, A1YCN1 Listed: Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Munich, Stuttgart End of News DGAP News Service --------------------------------------------------------------------------- 425285 21.12.2015

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