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SolarWorld statement regarding stimulus-funded Advanced Energy Manufacturing Tax Credits

HILLSBORO, Ore., Nov. 28, 2012 – SolarWorld today issued the following statement attributable to Gordon Brinser, president of SolarWorld Industries America.

SolarWorld wishes to clarify that it has received no federal subsidies for developing its solar-manufacturing plant in Hillsboro, Ore., the largest and only vertically integrated solar plant in the Western Hemisphere, or for redeveloping its now-closed plant in Camarillo, Calif. SolarWorld has invested more than $600 million of its own money into its Hillsboro campus alone. Although the U.S. Department of Energy in 2010 awarded the company eligibility for $82.2 million in advanced energy manufacturing tax credits under the American Recovery and Reinvestment Act (ARRA), SolarWorld has never applied for, used, sold or profited from these credits.

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. 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 publicly 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