DGAP-News: SolarWorld

DGAP-News: SolarWorld AG: SolarWorld AG delivers 20 MW for large-scale project in Senegal

DGAP-News: SolarWorld AG / Key word(s): Incoming Orders SolarWorld AG: SolarWorld AG delivers 20 MW for large-scale project in Senegal

31.10.2016 / 14:51 The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

SolarWorld AG is delivering solar modules with a capacity of 20 megawatts for a ground-mounted system in West African Senegal. The 77,280 multicrystalline solar modules will be installed in the Kahone region, about 100 kilometers from the capital Dakar, by March 2017.

The contract in Senegal was acquired by the Austrian SolarWorld partner Energie Merl, which has been actively involved on the African continent for many years. The project was tendered by the Senegalese power company Senelec.

"The quality of the SolarWorld solar modules is reflected in the peak yield and long service life. Through a high degree of automation and careful material selection, we enable long-term value retention, thereby reducing electricity generation costs for our customers," explains Dr.-Ing. E. h. Frank Asbeck, CEO of SolarWorld AG.

The PV system is one of the largest in the country, which is characterized by rapid population growth. Frequent droughts have led to a rural exodus. As a result, energy demand in the cities is increasing rapidly. In light of the effects of climate change, including on the West African country, photovoltaics offer the key to sustainably transforming the energy supply. "With this project, we are once again documenting that photovoltaics represent a safe, clean and affordable solution for millions of people. It is a wise decision that the customer has bet on sustainability with durable products," says Asbeck.

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 3,828 people and operates facilities in Freiberg, Germany; Arnstadt, Germany; and Hillsboro, Oregon, USA as well as in a joint venture with Qatar Solar Technologies. From raw material silicon to solar wafers, cells and modules, SolarWorld manages all stages of production ? including research and development in its own company, SolarWorld Innovations. Through an international distribution network with locations in Europe, USA, Singapore, Japan, South Africa and Qatar, SolarWorld supplies customers all over the world. The company upholds high social standards and commits itself to resource- and energy-efficient production. SolarWorld was founded in 1998 and has been publicly traded on the stock market since 1999. More information at www.solarworld.com

Contact:

SolarWorld AG Timo Glatz Martin-Luther-King-Str. 24 53175 Bonn/Germany Phone: +49 228 55920-409; Email: press@solarworld.com; Web: www.solarworld.com

---------------------------------------------------------------------------

31.10.2016 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. Archive at www.dgap.de

---------------------------------------------------------------------------

Language: English Company: SolarWorld AG Martin-Luther-King-Straße 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, Hanover, Munich, Stuttgart, Tradegate Exchange End of News DGAP News Service ---------------------------------------------------------------------------

516049 31.10.2016