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SolarWorld solar panels begin shipping to supply 33 MW ground-mount plant in southeast Ontario

U.S. production enables sustainable cross-border transport by railway

HILLSBORO, Ore., May 25, 2011 – SolarWorld’s high-performance solar panels have begun moving in rail containers from near the company’s U.S. headquarters plant in Hillsboro, Ore., on their way to supply a 33-megawatt installation on land totaling 300 acres in southeast Ontario, Canada.

Rail shipment is possible because SolarWorld, the largest U.S. solar technology manufacturer for more than 35 years, manufactures its crystalline silicon solar electric panels in the major market geographies where the company sells them. The practice minimizes shipping costs, fuel consumption and noxious emissions. Every week, an average of 30 trucks each laden with 540 SolarWorld panels – about 3.75 megawatts total – leave the Hillsboro plant for the Port of Portland’s nearby intermodal facility, where they transfer to rail for their trip to Ontario.

The solar power plant site is located in rural East-Hawkesbury, just south of both the Ottawa River and Trans Canada Highway and about 45 miles west of Montreal, Quebec. In all, 144,060 panels are expected to generate 39 gigawatt-hours annually, enough to power about 2,600 homes. The development is considered one of the most significant solar projects in one of the leading North American political jurisdictions in terms of policy to cultivate a market for solar energy.

“Low-impact shipping is just another upside of SolarWorld’s in-market manufacturing,” said Kevin Kilkelly, president of SolarWorld Americas. “A truly green manufacturer not only produces clean products but also minimizes the impact of its production. Our manufacturing in North America reflects that commitment.”

The Stardale PV Solar Project represents the first solar electric power project of Innergex Renewable Energy Inc., a leading developer, owner and operator of hydroelectric facilities and energy projects in North America. Enfinity owned and developed the project prior to its sale to Innergex and currently is the project partner for engineering, procurement and construction as well as operations and maintenance.

Rafael Dobrzynski, Chief Executive Officer of Enfinity Americas, said, “In a major transaction like this, many different elements work together to deliver a successful outcome. SolarWorld’s innovative production and freight solutions played an important part in the deal. From our perspective, it is crucial that the product is manufactured in the USA, which enables the project to apply for support from the Export-Import Bank of the United States (Ex-Im Bank), improving the overall feasibility of the project.”

Work on the project began in November 2010; it is expected to conclude by the first quarter of 2012. The total project cost is estimated at $140 million Canadian.

About Enfinity www.enfinitycorp.com

Founded in 2005, Enfinity is an established leader in renewable energy (the sixth largest in the world in its sector), with operations in Europe, North America and Asia-Pacific. The company finances, develops and builds solar PV projects and also owns its own portfolio of renewable energy installations. Enfinity has been selected to build some of the largest renewable energy projects across the globe, with 200 MW installed and operational worldwide.

About Innergex www.innergex.com

Innergex Renewable Energy Inc. is a leading developer, owner and operator of run-of-river hydroelectric facilities and wind energy projects in North America, and a developer of solar photovoltaic installations. Innergex’s management team has been involved in the renewable power industry since 1990. Innergex owns a portfolio of projects which consists of: i) interests in 23 operating facilities with an aggregate net installed capacity of 401 MW; ii) interests in 11 projects under development or under construction with an aggregate net installed capacity of 312 MW for which power purchase agreements have been secured; and iii) prospective projects of more than 2,800 MW (net).

SolarWorld Real Value

SolarWorld manufactures and sells solar power solutions and in doing so contributes to a cleaner energy supply worldwide. As the largest solar producer in the United States and Europe, SolarWorld employs about 3,200 people and carries out production in Hillsboro, Ore., and Freiberg and Arnstadt, Germany. From the raw material silicon to solar wafers, cells and panels, SolarWorld manages all stages of production ‒ including its own research and development. Through an international distribution network with locations in the United States, Europe, Singapore and South Africa, SolarWorld supplies customers all over the world. The company maintains high social standards at all locations across the globe and is committed to resource- and energy-efficient production. Headquartered in Bonn, Germany, SolarWorld was founded in 1998 and has been publically traded on the stock market since 1999. For more information, visit www.solarworld-usa.com.

Media Contact

Devon Cichoski
Media relations manager
SolarWorld Industries America
4650 Adohr Lane
Camarillo, CA 93012
Mobile: 805-377-2905
Office: 805-388-6388
devon.cichoski(at)solarworld-usa.com