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SolarWorld

 
Hoover's Profile: SolarWorld AG
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(German:SWV)
Contact Information
SolarWorld AG
Kurt-Schumacher-Strasse 12-14
53113 Bonn, Germany
Tel. +49-228-559-20-47-4
Fax +49-228-559-20-94-70

Type: Public
On the web: http://www.solarworld.de/sw-eng

Here comes the sun king, and it's using the Earth's only free and unending source of power for more than the production of sunburns. SolarWorld makes solar energy collection modules, on a scale from single residences to large-scale plants, from solar silicon. Mechanical positioning of the panels' parts prevents loss of production due to shade. Products are manufactured from raw materials through its Deutsche Solar and Deutsche Cell facilities, and are distributed worldwide. SolarWorld gets more than three-quarters of its sales in Europe, primarily in Germany. The company was founded in 1988 by engineer/CEO Frank Asbeck, who owns one-quarter of SolarWorld.

Key numbers for fiscal year ending December, 2008:
Sales: $1,269.0M
One year growth: 25.0%
Net income: $209.6M
Income growth: 25.7%

Officers:
Chairman and CEO: Frank H. Asbeck
COO: Boris Klebensberger
Head Investor Relations and Corporate Communications: Sybille Teyke

Competitors:
Conergy
Q-Cells
Solon

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Wikipedia: 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 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

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]

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.

Grid Parity

Main article: Grid parity

SolarWorld has called for lowering Germany's lucrative solar incentives (feed-in tariffs). SolarWorld CEO Frank Asbeck is supporting a 10 percent to 15 percent drop for the incentives in 2010; the current policy calls for an 8 percent to 10 percent declines.

Awards

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

Vehicles

SolarWorld is the 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 was for 1 billion Euro, 250 million being paid in cash and 750 million being paid in bank credits. SolarWorld specified conditions such as Opel should completely be splitted from General Motors.[11] Solarworld announced that it intends to create the first electric automotive OEM. However, GM rejected the bid saying "Opel is not for sale".[12]

See also

References

  1. ^ "SolarWorld Executives". Hoovers. http://www.hoovers.com/solarworld/--ID__138034--/free-co-factsheet.xhtml. Retrieved 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 2008-11-19. 
  3. ^ a b "Solarworld AG (Frankfurt Stock Exchange)". Reuters. http://www.reuters.com/finance/stocks/companyProfile?symbol=SWVG.F. Retrieved 2008-11-19. 
  4. ^ "SolarWorld AG Company Profile". Yahoo! Finance. http://biz.yahoo.com/ic/138/138034.html. Retrieved 2008-11-19. 
  5. ^ a b "SolarWorld FAQs". SolarWorld AG. http://www.solarworld.de/450.0.html?L=1. Retrieved 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 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 2008-11-20. 
  10. ^ 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 2008-11-27. 
  11. ^ "German group SolarWorld bids 1bln euros for Opel". Yahoo!7. http://au.news.yahoo.com/a/-/world/5157284. Retrieved 2008-11-18. 
  12. ^ [| GM rejects bid]

External links

v • d • e
Solar power in Europe
European Renewable Energy Council · European Photovoltaic Industry Association
Solar power by state
Spain · Germany · Portugal · Italy · France · Netherlands · Switzerland · Austria · United Kingdom · Romania
Solar thermal power stations
Andasol solar power station · Energia Solar De Puertollano · PS20 solar power tower · PS10 solar power tower · Jülich Solar Tower · Themis solar power tower · Puerto Errado 1
Proposed solar thermal power stations
Photovoltaic power stations
Olmedilla Photovoltaic Park · Puertollano Photovoltaic Park · Moura photovoltaic power station · Waldpolenz Solar Park · Arnedo Solar Plant · Merida/Don Alvaro Solar Park · Planta Solar La Magascona & La Magasquila · Planta Solar Ose de la Vega · Beneixama photovoltaic power plant · Koethen · Planta Solar de Salamanca ·
Solar power companies
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Aixtron · BB Biotech · Bechtle · Carl Zeiss Meditec · Centrotherm Photovoltaics · Conergy · Dialog Semiconductor · Drägerwerk · Drillisch · Evotec · Freenet · Jenoptik · Kontron · Manz Automation · MediGene · MorphoSys · Nordex · Pfeiffer Vacuum · Phoenix Solar · Q-Cells · Qiagen · QSC · Rofin-Sinar · Roth & Rau · SMA Solar Technology · Smartrac · Software · SolarWorld · United Internet · Wirecard
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Germany ÖkoDAX companies of Germany

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