DGAP-News: Global Solar Energy to produce thin-film solar cells in Berlin

25.01.07 | 10:29 Uhr

SOLON AG für Solartechnik / Miscellaneous

25.01.2007

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Global Solar Energy to produce thin-film solar cells in Berlin

Tucson/Berlin, January 25, 2007 - Global Solar Energy, Inc., has announced
that it is to invest approximately EUR 30 million to set up a production
facility for thin-film solar cells in Germany. The facility, which is to be
built at the Berlin-Adlershof science and technology park, will have in two
steps a production capacity of round about 30 megawatts. Production is
scheduled to commence at the Berlin facility in the first half of 2008. The
company also announced that capacity at its site in Tucson, Arizona, is to
be expanded from its current level of 4 megawatts to 40 megawatts. The
Global Solar Energy Group has already sold 80 percent of its planned 2008
production of 40 megawatts. Global Solar Energy's largest customer in 2008
will be Berlin-based SOLON AG, which has held a strategic stake in the
company since April 2006.

Global Solar Energy uses copper-indium-gallium-selenide (CIGS) in the
manufacture of its thin-film solar cells. This technology is not reliant on
the raw material silicon, which is currently in very short supply, and
involves applying the photoactive layer to a flexible steel film. With an
average efficiency level of more than ten percent, the solar cells
manufactured by Global Solar Energy are amongst the most efficient
currently on the market. They can be used both in the production of
flexible products and for conventional solar modules.

Dr. Ilka Luck has been appointed Managing Director of the recently
established German subsidiary Global Solar Energy Deutschland GmbH, which
is wholly owned by Global Solar Energy, Inc. With a doctorate in physics
and as a founder and former Managing Director of a thin-film photovoltaics
company, Dr. Luck brings to the company a wealth of technical knowledge and
management experience.

Mike Gering, CEO and President of Global Solar Energy Inc.: 'The expansion
of our production capacity in Tucson and Berlin puts us in a position to
manufacture our high-grade solar cells on a new, industrial scale, which
will enable us to become a leading international supplier of thin-film
solar cells. We are delighted to have been able to recruit Dr. Ilka Luck as
Managing Director for our German subsidiary. Her technical and commercial
experience will accelerate the growth of GSE Deutschland.'

Dr. Ilka Luck, Managing Director of Global Solar Energy Deutschland GmbH:
'I was very happy to take on the job of building up the German operations
of Global Solar Energy. The geographical proximity to our technology
partner SOLON and other companies and research establishments working in
the same field at the Berlin-Adlershof technology park provides the ideal
environment for the task.'

Dr. Lars Podlowski, CTO of SOLON AG: 'We are delighted that we have been
able to persuade our American partners to invest in Berlin. This gives us
the opportunity to strengthen our technical collaboration and gives us
access to non-silicon-dependent solar cells, which will provide the
foundation for the continuing growth of SOLON AG.'


Global Solar Energy Deutschland GmbH
Dr. Ilka Luck
Managing Director
c/o SOLON AG
Ederstrasse 16
12059 Berlin
Tel.: +49 (0)30 81 87 91 01
Fax: +49 (0)30 81 87 91 10
E-Mail: info@globalsolar.com



SOLON AG
Therese Raatz
Investor Relations
Ederstrasse 16
12059 Berlin
Tel.: +49 (0)30 81 87 91 53
Fax: +49 (0)30 81 87 91 10
Email: investor@solonag.com






DGAP 25.01.2007
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Language: English
Issuer: SOLON AG für Solartechnik
Ederstraße 16
12059 Berlin Deutschland
Phone: +49 (0)30 81 87 9-100
Fax: +49 (0)30 81 87 9-110
E-mail: investor@solonag.com
WWW: www.solonag.com
ISIN: DE0007471195, DE000A0DRXN1,
WKN: 747119, A0DRXN,
Indices: TecDAX
Listed: Geregelter Markt in Berlin-Bremen, Frankfurt (General
Standard); Freiverkehr in München, Hamburg, Düsseldorf,
Stuttgart

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