euro adhoc: Conergy AG / Strategic management decisions / Conergy to create 1,000 jobs at state-of-the-art solar factory in Frankfurt (Oder)

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12.11.2006

Conergy to create 1,000 jobs at state-of-the-art solar factory in
Frankfurt (Oder)

- Leading solar energy company is investing around EUR 250 million
in production process - World’s only fully integrated solar wafer,
cell and module production in former chip factory in Frankfurt
(Oder) - Investment goal to secure cost and quality leadership on the
global solar market

Hamburg/Frankfurt (Oder), November 12, 2006 - Hamburg-based Conergy
AG is building the world’s most technologically advanced production
plant for solar modules on the site of the former chip factory in
Frankfurt (Oder). Conergy’s board of management has now given the
green light for building to start. In the first stage of development,
the company will invest around EUR 250 million in the world’s first
and only fully integrated mass production of wafers, cells and
modules. In the medium term, it will create more than 1,000 jobs on
the site of the former chip factory.

With this investment, Conergy is securing cost and quality leadership
on the global market, thus creating the foundation for further
dynamic growth in its core business. The project will be financed by
a syndicated loan, without drawing on funds earmarked for the
company’s further expansion.

The first modules, with total output exceeding 50 megawatt, will
already start rolling off the production lines by the second half of
2007. By 2008, a production capacity of 300 MW for wafers, 275 MW for
cells and 250 MW for solar modules will have been reached. The
efficiency goal for monocrystalline modules is above 17%. The new
layout of production lines in just one hall shortens transport routes
while the very high degree of automation contributes decisively to a
clear reduction in the breakage rate of the sensitive cells. The
machinery offers plenty of room for maneuver for further increases in
productivity, in particular through constant advances in efficiency
and lower silicon usage. The production process will begin with a
cell thickness of 200 µm but is designed for a reduction to 160 µm.

About Conergy

With an expected turnover of more than 800 million euros in 2006,
Conergy is Europe’s largest solar energy company. It is also one of
the world’s top providers in other rapidly growing fields of
renewable energies such as bioenergy. The company pursues a
client-focused global growth strategy that aims to offer each energy
consumer worldwide the most appropriate technology in the attractive
markets for renewable energies. The Conergy Group is now represented
on five continents with its own branches and has a current workforce
of 1,400.

end of announcement euro adhoc 12.11.2006 10:31:13
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ots Originaltext: Conergy AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Contact:
Conergy AG
Thorsten Vespermann
Head of Corporate Communications
Anckelmannsplatz 1
D-20537 Hamburg
Phone: +49 (40) 237102171
Fax: +49 (40) 237102405
Mobile: + 49 (172) 451 19 67
e-mail: press@conergy.com
Internet: www.conergy.com

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


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