ErSol Solar Energy AG

euro adhoc: ersol Solar Energy AG
other
ersol signs silicon supply contract with Hemlock

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27.06.2007

Early this morning, ersol Solar Energy AG (ersol) signed an agreement with Hemlock Semiconductor Corporation (HSC), the world´s largest producer of high purity polycrystalline silicon for the solar and semiconductor industry. This contract is the most extensive to date for the supply of this raw material in the history of the Thuringian solar company. It will enable ersol to generate an additional output of about 1.8 GWp in total from 2010 onwards for ten years. The silicon price has been fixed for the entire term of the contract. It is provided that ersol will make downpayments in the two-digit millions of euros, which will later be offset in the form of a purchase price reduction when the raw material is supplied. These silicon volumes from HSC will form the starting point for ersol´s continued expansion activities beyond the 220 MWp in the crystalline area already forecast by the end of 2008. ersol has not changed in its view that the signing of long-term supply agreements for silicon supplies is the right strategy to counter what the solar company believes will be a sustained shortage of this raw material, and to secure the Company's continued growth as far as possible.

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ots Originaltext: ErSol Solar Energy AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Sonja Teurezbacher
Investor Relations Manager
+49 (0)361 219 1130
sonja.teurezbacher@ersol.de

Branche: Alternative energy
ISIN:      DE0006627532
WKN:        662753
Index:    CDAX, TecDAX, HDAX, Midcap Market Index, Prime All Share,
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Börsen:  Börse Frankfurt / official dealing/prime standard
              Börse Berlin / free trade
              Börse Hamburg / free trade
              Börse Stuttgart / free trade
              Börse Düsseldorf / free trade
              Börse München / free trade



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