3. Group of consolidated companies

The group of consolidated companies essentially consists of the following subsidiaries:

  • Deutsche Cell GmbH, Freiberg, Germany
  • Deutsche Solar AG, Freiberg, Germany
  • Go!Sun GmbH & Co. KG, Bonn, Germany
  • Solar Factory GmbH, Freiberg, Germany
  • SolarWorld Africa (Pty.) Ltd., Cape Town, South Africa
  • SolarWorld Asia Pacific PTE Ltd., Singapore, Singapore
  • SolarWorld California LLC, Camarillo, USA
  • SolarWorld Ibérica SL, Madrid, Spain
  • SolarWorld Industries America LLC, Camarillo, USA
  • SolarWorld Industries America LP, Camarillo, USA
  • SolarWorld Industries Services LLC, Camarillo, USA
  • SolarWorld Industries Deutschland GmbH, Bonn, Germany
  • SolarWorld Industries Schalke GmbH i.L., Bonn, Germany
  • SolarWorld Innovations GmbH, Freiberg, Germany
  • SolarWorld Industries America Inc., Hillsboro, USA
  • SolarWorld Solicium GmbH, Freiberg, Germany
  • SolarWorld Power Projects Inc., Camarillo, USA
  • Sunicon AG, Freiberg, Germany

Directly or indirectly SolarWorld AG holds a 100 per cent stake in all these companies.

In the scope of a capital increase, SolarWorld AG acquired new shares in the joint venture SolarWorld Korea Ltd. on July 29, 2009, and then held 76.5 per cent in the company as of December 31, 2009. In February 2010, the joint venture partner of SolarWorld Korea Ltd. has exercised his right to reacquire 26.5 per cent of the shares in SolarWorld Korea Ltd. for a fixed price within the period of one year and thus re-established an equal share quota.

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