Conergy AG

euro adhoc: Conergy AG
Joint Ventures/Cooperation/Collaboration
Conergy secures long-term supply of raw materials for Frankfurt (Oder) with a volume of US $7-8billion

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Conergy secures long-term supply of raw materials for Frankfurt (Oder) with a volume of US $7-8billion

• US manufacturer MEMC supplies Conergy with components for solar modules with a volume of US $7-8billion

Hamburg, St. Peters / Missouri, October 26 2007 - Hamburg-based Conergy AG, Europe´s largest solar systems provider, is cooperating with a strategic partner in the ongoing boom market for solar energy and has secured long-term supplies of wafers, a component of solar cells. The company reached an agreement [yesterday/on Thursday/today/on Friday] with wafer manufacturer MEMC Electronic Materials, headquartered in Missouri USA, for the supply of wafers valued between US$ 7 and 8 billion up to 2018. With this the Hamburg company secures an important share of its long-term raw material requirements for the fully integrated solar power plant in Frankfurt (Oder) and positions itself for continuing further growth. In particular, the agreement specifies that MEMC will supply Conergy with wafers from July 2008. The volume of deliveries will increase every twelve months. The agreed prices will decline steadily over the period of the agreement so that, in spite of the expected reduction in price for solar energy systems, Conergy will be able to achieve a normal manufacturer´s margin.


Conergy AG

Thorsten Vespermann Head of Corporate Communications Telefon: +49 (0)40 27142 1631 Mail:

MEMC Electronic Materials, Inc.

Bill Michalek Director, Investor Relations Telefon: +1 (0)636 474-5443

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ots Originaltext: Conergy AG
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Further inquiry note:
Thorsten Vespermann
Tel.: +49 (0)40 27142-1631

Branche: Energy
ISIN:      DE0006040025
WKN:        604002
Index:    TecDAX, Technologie All Share, CDAX, HDAX, Prime All Share,
              Midcap Market Index
Börsen:  Börse Frankfurt / official dealing/prime standard
              Börse Berlin / free trade
              Börse Hamburg / free trade
              Börse Düsseldorf / free trade
              Börse Hannover / free trade

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