euro adhoc: Conergy AG / other / Conergy and Suntech Power sign $270 million solar module supply agreement for 2007 Manifold increase over 2006 in volume of solar modules supplied by Suntech Power

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12.02.2007

Hamburg based Conergy AG, the European solar company with the highest
sales volume and the world’s largest system integrator, signed a
contract with China’s number one solar module and cell manufacturer
Suntech Power. Solar modules worth at least $270 million are
scheduled for delivery to Conergy in 2007. This amount represents a
manifold volume increase of Suntech Power solar modules supplied to
Conergy compared to 2006. The high-quality and efficient Suntech
Power modules shall be used in Conergy Group’s construction sites
around the world. With this contract, Conergy now has secured the
supply of more modules than required to accomplish the planned growth
of its worldwide solar business in 2007. Furthermore, the partnership
with Suntech Power also includes the joint realization of specific
product features with the aim of even better fulfilling the needs of
Conergy’s global customers.

About Conergy Conergy AG is considered to be the highest volume solar
company in Europe, and also numbers among the leading international
providers of other rapidly growing fields of renewable energy,
including bioenergy. Conergy pursues a customer-oriented global
growth strategy which aims to offer each energy consumer worldwide
the most appropriate technology in attractive markets for renewable
energies. In foreign markets, the energy requirement for electricity,
heat or cooling varies greatly. Conergy therefore offers a wide range
of regenerative energy products, and has an internationally oriented
management team. The Conergy Group is now represented with its own
branch offices on five continents.

end of announcement euro adhoc 12.02.2007 11:07:20
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ots Originaltext: Conergy AG
Im Internet recherchierbar: http://www.presseportal.de

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Branche: Energy
ISIN: DE0006040025
WKN: 604002
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