euro adhoc: Conergy AG / Joint Ventures/Cooperation/Collaboration / Conergy secures long-term supply of raw materials for Frankfurt (Oder) with a volume of US $7-8billion (E)

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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: [email protected]

MEMC Electronic Materials, Inc.
Bill Michalek
Director, Investor Relations
Telefon: +1 (0)636 474-5443

Further inquiry note:
Thorsten Vespermann
Tel.: +49 (0)40 27142-1631
Email: [email protected]

end of announcement euro adhoc 25.10.2007 22:41:36
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emitter: Conergy AG
Anckelmannsplatz 1
D-20537 Hamburg
phone: +49 (0)40 27142-1000
FAX: +49 (0)40 27142-1100
mail: [email protected]
WWW: http://www.conergy.de
sector: Energy
ISIN: DE0006040025
indexes: TecDAX, Technologie All Share, CDAX, HDAX, Prime All Share, Midcap
Market Index
stockmarkets: official dealing/prime standard: Börse Frankfurt, free trade:
Börse Berlin, Börse Hamburg, Börse Düsseldorf, Börse Hannover
language: English

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