Dipl.-Ing. Frank H. Asbeck
CEO of SolarWorld AG

Letter by the Chairman 

Dear Customers, Shareholders, Employees and Friends of SolarWorld AG,

There is a strong wind blowing in the solar markets in 2010, no question about that. I assure you: The wind affecting others is lifting us up further. SolarWorld would not be SolarWorld if we did not face the international competition in a sporty spirit and failed to have a say in determining the market.

We already put in more than an impressive performance in the first three months of this year: We boosted our total shipments by more than 22 per cent over the first quarter of 2009. And our sales revenues went up by a hefty 28 per cent at the same time.

This is an obvious success of our quality and product strategy, which we once again substantiated impressively in the first quarter: SolarWorld modules were the winners for the second time in succession in the comparison test by the independent Photon trade magazine and received a “very good” rating from the Öko-Test consumer magazine. Moreover, we have been offering a differentiating quality feature since the beginning of the year in the form of our linear performance warranty applying for 25 years. This once again puts SolarWorld at the very front of competition. We are not only strong because of our particularly efficient and long-life modules but also through our offer of complete solutions for solar power plants: SolarWorld with its systems competency is and will remain the “Number One on Roof-tops”.

This is what we will be working on with all our power in the future to expand the market position and competitive strength we have achieved. We will continue to grow and want to sustainably exceed the one billion revenue mark in 2010. We can and will maintain these targets – the first quarter of the year has shown this. To this end we will invest in our processes and procedures, in the expansion of our international locations, in our Research & Development and in the quality of our products. The future will remain exciting and we will have a hand in shaping it. I am looking forward to this together with you!

Sunny regards,

Dipl.-Ing. Frank H. Asbeck

CEO of SolarWorld AG