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SolarWorld

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SolarWorld AG
Type Public company, (ISIN: DE0005108401)
Founded 1988
Founder(s) Frank Asbeck
Headquarters Bonn, Germany
Key people Frank H. Asbeck CEO
Boris Klebensberger COO
Philipp Koecke CFO [1]
Products Solar cells
Silicon wafers
Revenue 679.7M (2006)
Employees 1350 [2]
Subsidiaries SolarWorld Innovations GmbH
Sunicon AG
Deutsche Solar AG
Deutsche Cell GmbH
Solar Factory GmbH [3]
Website SolarWorld AG

SolarWorld is a fast growing German company dedicated to manufacture and market photovoltaic products worldwide by integrating all components of the solar value chain, from feedstock (silicon) to module production, from trade with solar panels to the promotion and construction of turn-key solar power plants. The group controls the development of solar power technologies at all levels in-house.

SolarWorld AG is listed on the Frankfurt Stock Exchange.[3]

Contents

[edit] History

SolarWorld was founded in 1988 as individual company by engineer and chief executive officer Frank Asbeck,[4] and engaged in projects to produce renewable energy.[5] In 1998, these activities were transferred to the newly founded SolarWorld AG, which went public on 11 August 1999.[5]

Shell divested its crystalline silicon solar business activities to SolarWorld.[6]

[edit] Facilities

Within the SolarWorld Group many specialized workers are employed in the enterprise's units located in Bonn (headquarters), Freiberg, Sweden, and Camarillo, California.

The business also has a facility in Vancouver, Washington, but acquired another plant in nearby Hillsboro, Oregon. The newer Hillboro factory was purchased in 2007 from a Japan's Komatsu Group.[2] It is the largest solar cell manufacturing facility in North America.[7]

Corporate headquarters in Bonn.

SolarWorld AG has sales offices in Germany, Spain, USA, South Africa and Singapore.

[edit] Awards

SolarWorld has received German Sustainability Award in the category of "Germany’s Most Sustainable Production 2008" [8].

[edit] Vehicles

SolarWorld is main sponsor of the SolarWorld No. 1 solar car developed by the FH Bochum SolarCar Team.[9]

On 19 November 2008, SolarWorld AG announced a bid to buy German automaker Opel from General Motors.[10] The bid is at 1 billion Euro's, 250 million being paid in cash and 750 million being paid in bank credits. SolarWorld specified conditions such as Opel being completely split from General Motors.[11] Solarworld intends to create the first electric automotive OEM. Opel could convert its product spectrum and focus on electric and hybrid drive vehicles including extended range electric vehicles.[10]

[edit] See also

[edit] References

  1. ^ "SolarWorld Executives". Hoovers. http://www.hoovers.com/solarworld/--ID__138034--/free-co-factsheet.xhtml. Retrieved on 2008-11-18. 
  2. ^ a b "Solarworld comes to Hillsboro". American City Business Journals. http://portland.bizjournals.com/portland/stories/2007/02/26/daily39.html. Retrieved on 2008-11-19. 
  3. ^ a b "Solarworld AG (Frankfurt Stock Exchange)". Reuters. http://www.reuters.com/finance/stocks/companyProfile?symbol=SWVG.F. Retrieved on 2008-11-19. 
  4. ^ "SolarWorld AG Company Profile". Yahoo! Finance. http://biz.yahoo.com/ic/138/138034.html. Retrieved on 2008-11-19. 
  5. ^ a b "SolarWorld FAQs". SolarWorld AG. http://www.solarworld.de/450.0.html?L=1. Retrieved on 2008-11-19. 
  6. ^ "Shell Announces Additional Hydrogen Stations in US and Wind and Solar Power MoUs". Green Car Congress. http://www.greencarcongress.com/2006/02/shell_announces.html. Retrieved on 2008-11-27. 
  7. ^ SolarWorld (2008-10-17). SolarWorld Opens North America's Largest Solar Cell Manufacturing Facility. Press release. http://www.marketwatch.com/news/story/solarworld-opens-north-americas-largest/story.aspx?guid=%7BC7D52B04-D1E5-4E2A-AA9D-63A182D65E3D%7D&dist=hppr. 
  8. ^ http://www.dgap.de/link.php?sprache=en&a=10&v=en&von=19970101&typ=news&isin=DE0005108401&id=393370
  9. ^ "The Team". SolarWorld No. 1. http://www.solarworldno1.com/ENG/index.php?seite=team. Retrieved on 2008-11-20. 
  10. ^ a b Christoph Hammerschmidt. "Solar company announces bid for General Motors subsidiary Opel". Electronic Engineering Times. http://www.automotivedesign-europe.com/showArticle.jhtml?articleID=212100786&cid=NL_ADLeu. Retrieved on 2008-11-27. 
  11. ^ "German group SolarWorld bids 1bln euros for Opel". Yahoo!7. http://au.news.yahoo.com/a/-/world/5157284. Retrieved on 2008-11-18. 

[edit] External links

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