DGAP-News: SolarWorld AG / Key word(s): Miscellaneous
SolarWorld AG applauds decision in favor of U.S. solar power
21.12.2015 / 09:00
The issuer is solely responsible for the content of this announcement.
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The U.S. Congress approved the extension of the federal Investment Tax
Credit (ITC) that promotes investments in solar power plants in votes on
Friday night European time.
Dr.-Ing. E. h. Frank Asbeck, CEO of SolarWorld AG: “The United States has
taken the first step to implement what it promised at the climate summit in
Paris. This is a big step forward for solar power in America. Today, the
United States is already the strongest growing competitive solar market
worldwide, with annualized growth rates of about 30 percent. This trend
will continue.”
“For the sake of fair competition and quality, it is now vital to enforce
compliance with international trade rules. Since 2012, measures against
dumping and subsidies by Chinese solar manufacturers have been in force in
the United States. However, the government must continue to focus on
enforcement, and we will continue to work with them in every way to make
sure the circumvention and evasion are fully addressed. Sustainable market
growth can happen only without dumping,” says Mukesh Dulani, President of
SolarWorld Americas Inc.
SolarWorld is the largest manufacturer of solar technology in the United
States and in Europe. It has an outstanding position as manufacturer of
high-quality and durable solar products. The group achieves more than 50
percent of its revenue in the Americas.
Dr.-Ing. E. h. Frank Asbeck: “The European Union should take the United
States as an example. Particularly in Germany, it is high time to turn from
skepticism to optimism again. Costs for solar power have gone down
dramatically within the last years. Solar will be an essential pillar for a
safe, clean and affordable energy supply.”
SolarWorld REAL VALUE: SolarWorld manufactures and sells high-tech solar
power solutions and in doing so contributes to a cleaner energy supply
worldwide. The group, headquartered in Bonn, Germany, employs approximately
3,700 people and carries out production in Freiberg, Germany; Arnstadt,
Germany; and Hillsboro, USA. From raw material silicon to solar wafers,
cells and modules, SolarWorld manages all stages of production â?? including
its own research and development. Through an international distribution
network with locations in Europe, USA, Singapore, Japan and South Africa,
SolarWorld supplies customers all over the world. The company maintains
high social standards at all locations across the globe, and has committed
itself to resource- and energy-efficient production. SolarWorld was founded
in 1998 and has been publically traded on the stock market since 1999. More
information at www.solarworld.com
Contact:
SolarWorld AG
Investor Relations
Phone: +49 228 55920-409;
Email: placement@solarworld.com; Web:
www.solarworld.de/en/investor-relations
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21.12.2015 Dissemination of a Corporate News, transmitted by DGAP – a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: SolarWorld AG
Martin-Luther-King-StraÃ?e 24
53175 Bonn
Germany
Phone: +49 (0)228 – 559 20 470
Fax: +49 (0)228 – 559 20 9470
E-mail: placement@solarworld.com
Internet: www.solarworld.de
ISIN: DE000A1YCMM2, DE000A1YDDX6, DE000A1YCN14
WKN: A1YCMM, A1YDDX, A1YCN1
Listed: Regulated Market in Dusseldorf, Frankfurt (Prime
Standard); Regulated Unofficial Market in Berlin, Hamburg,
Munich, Stuttgart
Source: EQS Group AG