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EANS-News: Construction of first silicon factory on Arabian Peninsula: centrotherm photovoltaics signs major order in Qatar

Blaubeuren (euro adhoc) -

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Company Information
Technology and equipment to produce
high-purity silicon
Growing potential for solar plants on the Arabian Peninsula
Blaubeuren, March 1, 2010 - centrotherm photovoltaics AG has today 
signed an agreement with Qatar Solar Technologies (QST) to construct 
a silicon factory with a planned annual production capacity of 3,600 
tons. This is the first polysilicon production facility on the 
Arabian Peninsula.
The photovoltaics specialist from Blaubeuren, Germany, is supplying 
technology and equipment to produce high-purity silicon, and will be 
responsible for engineering and project services all the way through 
to ramp-up. Along with reactors and converters, centrotherm 
photovoltaics' vent gas recovery plant, which was presented last 
year, will be deployed. This plant is used to recover toxic process 
gases, and contributes to the sparing use of production resources, as
a share of the gases are reintroduced into the production process. 
This process reduces energy consumption, boosts production 
efficiency, and thereby results in significant production cost 
advantages.
"We are looking forward to support Qatar Solar Technologies in such a
groundbreaking project," commented Robert M. Hartung, CEO of 
centrotherm photovoltaics AG. "The customer's selection of 
centrotherm photovoltaics confirms our performance in the silicon 
division, and supports our strategy of positioning ourselves along 
the entire photovoltaic value-creation chain." The order was received
by centrotherm SiTec GmbH, a one hundred percent subsidiary in which 
centrotherm photovoltaics has bundled its Group silicon expertise 
since 2008. For Qatar, this project represents an important step 
towards sustainable energy generation. Photovoltaics enjoys long-term
support as a future industry, and it supports Qatar's political 
objective of reducing its oil-dependency in favor of renewable energy
sources. Consequently, the Arabian Peninsula is developing into an 
important photovoltaic industry growth market.
A newly founded joint-venture between Solarworld AG and QST is 
backing the project. SolarWorld AG will hold a 29 percent stake in 
the joint-venture. Its partners are the Qatar Foundation (70 percent)
and the Qatar Development Bank (1 percent). The Royal House of Qatar 
will act as patrons to the venture.
QST will invest a total of more than USD 500 million in the creation 
of the new production facilities with a planned annual capacity of 
3,600 tons of high-purity polysilicon in the initial expansion phase.
The production start-up is planned for the third quarter of 2012. The
joint-venture enjoys access to an excellent chemicals industry 
infrastructure with highly favorable energy prices at the Ras Laffan 
Industrial City location in north-eastern Qatar. Here, 
forward-integration along the entire value-creation chain all the way
through to complete solar electricity modules can also be realized. 
An increasingly larger market for solar electricity plants is 
developing out of the Arabian Peninsula's reconsideration of its 
energy policies.
About the Qatar Foundation
His Highness Sheikh Hamad bin Khalifa Al Thani, Emir of Qatar, 
established the Qatar Foundation for Education, Science and Community
Development in 1995, and its Chairwoman is Her Highness Sheikha Mozah
bint Nasser Al-Missned. The Qatar Foundation is committed to 
improving the quality of life in Qatar by supporting innovative 
technologies, education, public health, and community development 
within the Emirate.
About centrotherm photovoltaics AG centrotherm photovoltaics AG, 
which is based at Blaubeuren, is one of the world's leading 
technology and equipment providers for the manufacturing of solar 
silicon, crystalline solar cells and CIGS thin film modules. The 
broad product spectrum comprises key equipment and turnkey production
lines for crystalline and thin-film solar cells. The product range is
supplemented by reactors and converters for the manufacturing of 
solar silicon. centrotherm photovoltaics guarantees its customers 
important performance parameters such as production capacity, degree 
of efficacy, and completion deadlines for turnkey lines. The Group 
employs around 1,100 staff members, and operates in Europe, Asia and 
the USA.
end of announcement                               euro adhoc

Further inquiry note:

Company contact:
Saskia Schultz-Ebert
Senior Manager Investor Relations
Tel: +49 7344 918-8890
E-mail: saskia.schultz-ebert@centrotherm.de

Press contact:
Britta Cirkel, Christina Siebels
HOSCHKE & CONSORTEN Public Relations GmbH
Tel: +49 40 3690 50-56 /-58
E-mail: b.cirkel@hoschke.de; c.siebels@hoschke.de

Branche: Energy
ISIN: DE000A0JMMN2
WKN: A0JMMN
Index: TecDAX
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
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