On the way to grid parity: centrotherm photovoltaics webcast encounters lively interest among investors and press representatives

Blaubeuren, 05.02.2009

centrotherm photovoltaics AG yesterday presented its "Grid Parity Factory" concept in an open webcast – a factory concept that already allows grid parity to be achieved. This is in no way a far-off development according to centrotherm CTO Dr. Peter Fath: "We are able to sustainably cut production costs for polycrystalline modules through high cost-efficiency at all steps along the value-creation chain. In the upcoming years further savings, and consequently a production price of one euro per watt, are also possible through judicious location choices."

Dr. Fath and his team discussed prospects and cost models arising from this claim in a dialogue with investors and press representatives. Public interest focused on the question of what this meant for the photovoltaic sector's dependency on state subsidies: centrotherm's "Grid Parity Factory" model is primarily based on new factories that have yet to be built. Given the current level of market penetration, they can no longer rely on selling their modules solely in supported markets. Consequently, production on terms that guarantee grid parity in the relevant sales market will be critical for new market participants.
"Our research and development aims to produce solar electricity in the medium term on competitive terms anywhere. We are making good progress towards this goal, but the new, integrated factories such as those presented in our model will initially cover only a small part of international production volume. This means that the targeted promotion of solar electricity continues to make sense in the medium term, both for economic and technological reasons."

A total of around 40 participants followed the webcast, and participated in the discussion. Both private and institutional investors, as well as press representatives, welcomed centrotherm photovoltaics' commitment. "It was extremely helpful for analysts to be able to directly discuss "Grid Parity Factory" technologies and cost models with the centrotherm photovoltaics management, and to learn that hard figures and tangible market interest lie behind the vision of competitive solar electricity," noted Robert Schramm, analyst at Commerzbank.

The webcast recording is available at www.centrotherm-pv.de in the Investor Relations area.

About centrotherm photovoltaics AG

centrotherm photovoltaics AG, which is based at Blaubeuren, is one of the world's leading technology and service-providers for the manufacturing of solar cells and solar silicon. 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. Including the recent acquisition of centrotherm Thermal solutions, centrotherm photovoltaics currently employs about 900 staff members at its locations in Blaubeuren, Burghausen, Constance and Dresden. The company operates globally in Europe, Asia and the USA. In the financial year 2007 centrotherm photovoltaics achieved revenue of EUR 166.2 million, EBIT of EUR 21.1 million, and is listed in the TecDax of the Frankfurt Stock Exchange.

centrotherm photovoltaics AG

Johannes-Schmid-Strasse 8
89143 Blaubeuren

Listing: Regulated Market/Prime Standard, Frankfurt Securities Exchange
Registered Office: Germany

Company contact:

Saskia Schultz-Ebert
Senior Manager Investor Relations
T +49 7344 918-8890

centrotherm photovoltaics AG press contact:

Christina Siebels, Grit Pauli
HOSCHKE & CONSORTEN Public Relations GmbH
T +49 40 3690 50-58/-31
eMail to Christina Siebels
eMail to Grit Pauli