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

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Contracts
25.10.2007
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.
Contacts:
Conergy AG
Thorsten Vespermann
Head of Corporate Communications
Telefon: +49 (0)40 27142 1631
Mail:  presse@conergy.de
MEMC Electronic Materials, Inc.
Bill Michalek
Director, Investor Relations
Telefon: +1 (0)636 474-5443
end of announcement                               euro adhoc 25.10.2007 22:41:36

Further inquiry note:

Thorsten Vespermann
Tel.: +49 (0)40 27142-1631
Email: t.vespermann@conergy.de

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

Plus de actualités: Conergy AG
Plus de actualités: Conergy AG