Successfully into the Future
10-year Chronicle
2000
Emission proceeds from two additional capital increases create the financial leeway for the strategically important entry into wafer production – capital stock increased to € 4.5 million
- By acquiring a stake in the then Bayer Solar in Freiberg, Germany (today: Deutsche Solar) and subsequently expanding the Freiberg production site systematically SolarWorld laid the foundation for its growth along the entire solar value chain.
2001
Capital increase by 450,000 shares – with capital stock going up to € 4.95 million – the capital resources were further strengthened for future expansion
- The foundation of Solar Factory in Freiberg, Germany, marks our entry into module production.
2002
Capital increase by 825,000 shares – the capital stock now amounts to € 5.775 million
- Inauguration of Deutsche Cell and thus entry into the group’s own cell production – SolarWorld thus operates the Europe’s largest integrated solar cell factory in Freiberg, Germany.
- First-time signature of the Corporate Governance Code
- Joint venture with Evonik Degussa GmbH – pioneering step in the area of generating solar-grade silicon
2003
Inclusion of SolarWorld share in the Prime Standard of Deutsche Börse – the share is well established and is soon represented in other indices as well
- Commissioning of the pilot plant SolarMaterial for solar recycling and wafer recovery at the Freiberg, Germany, location – SolarWorld as the pioneer and innovation driver
- Inauguration of a fully automatic production line for solar modules in Freiberg, Germany – the complete solar value chain is at the highest technological standard
2004
SolarWorld manages to enter the TecDAX via the so-called "Fast Entry Rule" Capital increase by another 575,000 shares – capital stock at € 6.35 million Floating of a corporate bond: the SolarWorld Bearer Bond
- SolarWorld is awarded certification according to ISO 9001 thus documenting its quality orientation right across all business processes.
- Group strategy and consistent course of expansion generate successes: Two years after foundation Deutsche Cell joins the Top Ten of worldwide solar cell manufacturers. Deutsche Solar advances into the league of the largest European manufacturers of silicon wafers.
2005
1:1 issue of bonus shares doubles capital stock to € 12.7 million. Top share of the year 2005
- SolarWorld Einstein Award presented for the first time. The award goes to personalities who have acquired special merits in promoting the use of solar energy.
- With the foundation of the sales subsidiaries SolarWorld California and SolarWorld Ibérica the group starts the expansion of its international business.
- Raw materials activities enhanced: Prototype plant for solar-grade silicon generation of Joint Solar Silicon produces the first quantity of silicon.
2006
Further capital increase by 1.265 million shares – € 13.965 million of capital stock Renewed issue of bonus shares 1:3 – the capital stock rises to € 55.86 million
- Acquisition of the crystalline solar activities of Shell in Germany and the USA – basis for the future production in the USA and rise to be among the leading TOP 3 solar power providers worldwide
- Entry into solar motor racing – development of a solar racing car SolarWorld No. 1 together with Bochum University of Applied Sciences, Germany
2007
1:1 issue of bonus shares – doubling the capital stock to € 111.72 million
- Acquisition of a new production facility in Hillsboro in the US State of Oregon – milestone for the further expansion of US manufacturing activities in only 18 months
- Strategic expansion of the areas of Research & Development as well as Raw Materials by establishing the subsidiaries SolarWorld Innovations and Sunicon in Freiberg, Germany
- Under the umbrella of Solar2World the group pools its not-for-profit activities and contributes to the regional development in developing countries with its projects of rural solar power solutions.
2008
Received the German Sustainability Award for the MOst Sustainable Production
- Opening of the SolarWorld solar factory in Hillsboro – America’s largest production facility for crystalline wafers and cells making SolarWorld the largest fully integrated solar group with production activities in the USA
- Expansion of the growth potential in the Asian market – establishment of solar module production in South Korea as part of the SolarWorld Korea joint venture
- Breaking ground for the construction of a further wafer factory at the Freiberg, Germany, site – the largest expansion project to date
- Group`s own silicon production got started within the framework of the Joint Solar Silicon (JSSI) joint venture with Evonik Degussa GmbH.
2009
BILLION EURO REVENUE EXCEEDED FOR FIRST TIME – TEN YEAR STOCK EXCHANGE ANNIVERSARY
- Since the IPO in 1999 the stock price increased by 1,683 per cent. Thus, the SolarWorld stock shows the best performance of all German listed companies in the Prime and General Standard in the last ten years.
- Further expansion of the worldwide production network with locations in Germany, the USA and South Korea (joint venture). The group has thus strengthened its presence in the world’s largest growth and future markets.
- SolarWorld is the best known solar brand in Germany – strategic investments in brand awareness are increased by a factor of five.
- Innovative power is increased significantly – build-up of a new, international research campus with development labs for wafers, cells and modules
- AGM of SolarWorld AG approves the capping of Management Board salaries to twenty times the gross average income in the group, thus sending out a signal for the appropriate amount of management salaries in Germany.
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