euro adhoc: Conergy AG / Joint Ventures/Cooperation/Collaboration / Conergy secures long-term supply of raw materials for Frankfurt (Oder) with a volume of US $7-8billion

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Contracts

25.10.2007

Conergy secures long-term supply of raw materials for Frankfurt
(Oder) with a volume of US $7-8billion

• US manufacturer MEMC supplies Conergy with components for solar
modules with a volume of US $7-8billion

Hamburg, St. Peters / Missouri, October 26 2007 - Hamburg-based
Conergy AG, Europe´s largest solar systems provider, is cooperating
with a strategic partner in the ongoing boom market for solar energy
and has secured long-term supplies of wafers, a component of solar
cells. The company reached an agreement [yesterday/on
Thursday/today/on Friday] with wafer manufacturer MEMC Electronic
Materials, headquartered in Missouri USA, for the supply of wafers
valued between US$ 7 and 8 billion up to 2018. With this the Hamburg
company secures an important share of its long-term raw material
requirements for the fully integrated solar power plant in Frankfurt
(Oder) and positions itself for continuing further growth. In
particular, the agreement specifies that MEMC will supply Conergy
with wafers from July 2008. The volume of deliveries will increase
every twelve months. The agreed prices will decline steadily over the
period of the agreement so that, in spite of the expected reduction
in price for solar energy systems, Conergy will be able to achieve a
normal manufacturer´s margin.

Contacts:

Conergy AG

Thorsten Vespermann
Head of Corporate Communications
Telefon: +49 (0)40 27142 1631
Mail: presse@conergy.de

MEMC Electronic Materials, Inc.

Bill Michalek
Director, Investor Relations
Telefon: +1 (0)636 474-5443

end of announcement euro adhoc 25.10.2007 22:41:36
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ots Originaltext: Conergy AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Thorsten Vespermann
Tel.: +49 (0)40 27142-1631
Email: t.vespermann@conergy.de

Branche: Energy
ISIN: DE0006040025
WKN: 604002
Index: TecDAX, Technologie All Share, CDAX, HDAX, Prime All Share,
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