Convincing project successes for centrotherm photovoltaics in Asia and the USA

• Asian customer entrusts centrotherm with exclusive responsibility
for
second development stage in polysilicon production
•
First turnkey line in the USA commissioned
• Greater planning
security based on support for renewable energy sources
in
the USA

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Blaubeuren (euro adhoc) - Blaubeuren, October 8, 2008 - centrotherm
photovoltaics AG has confirmed the extent of confidence invested in
the company by winning an extensive follow-up order in the solar
silicon area from an Asian customer. The company is supplying
planning, plant construction, process know-how, and key equipment on
a one-stop shop basis, having convincingly won the order in the face
of international competition. While the first development stage,
entailing a production capacity of approximately 1,000 tons of solar
silicon per year, was created by a consortium of companies including
centrotherm photovoltaics, the second development stage, which
entails a planned production volume of 4,000 tons of solar silicon
per year, is the exclusive responsibility of Blaubeuren-based
centrotherm photovoltaics. Robert Hartung, Chief Executive Officer of
centrotherm photovoltaics AG comments: "This follow-up order in the
solar silicon area confirms our strategy of growing along the solar
value-creation chain, and provides further proof that we not only
command extensive expertise, but that we are also highly capable and
strong in implementation."

centrotherm photovoltaics is also continuing to add chapters to its
success story in the American market: the first turnkey production
line started cell production in the USA in early October. "Against
the backdrop of rising energy costs interest in renewable energy
sources is increasing in the US. The government has now responded
with corresponding opportunities to support solar projects and other
alternative energy sources," explains Dr. Peter Fath, Chief
Technology Officer of centrotherm photovoltaics. In early October,
the US House of Representatives approved the Senate's plans to extend
promotional schemes for renewable energy sources for a further eight
years. These schemes were due to expire on December 31, 2008.
So-called Investment Tax Credits (ITC's) were approved mainly for the
solar area and fuel cells. Production Tax Credits for solar energy
will also be extended up to 2010, thereby providing further tax
reliefs for the sector.

centrotherm photovoltaics AG generated around 90 percent of its sales
abroad in the first half of 2008, including in the highest growth
markets of Asia and the USA. With regards to booking new orders, the
company is pursuing a highly conservative strategy. "As a rule at
centrotherm, we only book orders when we have received prepayments
and letters of credit," explained CFO Oliver Albrecht. "This policy
has served us well to date, and we intend to retain it in the
future."

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ots Originaltext: centrotherm photovoltaics AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Company contact:

Saskia Schultz-Ebert

Senior Manager Investor Relations

Tel: +49 7344 918-8890

E-mail: saskia.schultz-ebert@centrotherm.de

Press contact:

Christina Siebels, Grit Pauli

HOSCHKE & CONSORTEN Public Relations GmbH

Tel: +49 40 3690 50-58 /-31

E-mail: c.siebels@hoschke.de; g.pauli@hoschke.de

Branche: Energy
ISIN: DE000A0JMMN2
WKN: A0JMMN
Börsen: Börse Frankfurt / regulated dealing/prime standard