euro adhoc: Conergy AG / other / Conergy secures supply of silicon, production materials and preliminary products for its own solar module production in 2007

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Company Information

05.04.2007

Hamburg-based Conergy AG today announced that it contractually
secured more than 80% of the silicon and silicon-based components
required to produce its own solar modules with a peak capacity of
around 50 megawatts three months prior to the start of production at
its new Frankfurt/Oder plant.

In order to produce wafers, cells and modules, more than 50 different
production materials and components were ordered from diverse
suppliers including silicon, iron-free solar glass, special gases for
the production process, slurry and silver paste as well as connection
boxes and aluminium frames.

With these suppliers, Conergy could secure the necessary future
supplies for 2008 and beyond in order to expand its own production.
In view of the silicon industry’s substantial increase in capacity,
Conergy expects more favourable procurement conditions by 2008 which
could be beneficial for the company when new contracts are signed in
the second half of 2007.

Since February, machinery has been continually delivered to the new
site, assembled and tested for the start-up of the fully integrated
production of solar wafers, cells and modules in summer 2007 in
Frankfurt/Oder. While the exterior work to the building has almost
been completed, the internal fitting out is also nearing completion
and the entire infrastructure is being prepared for the start of
production.

All in all, Conergy is on course to kick-off manufacturing at its
solar plant in summer 2007 and to ramp up production to produce its
first solar modules with a peak rating of up to 50 megawatts by the
end of the year. Conergy will reach full production capacity of 250
megawatts in 2008, and the solar wafers, cells and modules which it
produces will be supplied to its current distribution centres in 25
countries.

end of announcement euro adhoc 05.04.2007 19:29:47
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ots Originaltext: Conergy AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Thorsten Vespermann
Tel.: +49 (0)40 237 102 171
Mobil: +49 (0) 172 451 19 67
E-Mail: t.vespermann@conergy.de

Branche: Energy
ISIN: DE0006040025
WKN: 604002
Index: TecDAX, Technologie All Share, CDAX, HDAX, Prime All Share,
Midcap Market Index
Börsen: Frankfurter Wertpapierbörse / official dealing/prime standard
Börse Berlin-Bremen / free trade
Hamburger Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Niedersächsische Börse zu Hannover / free trade