|Traded as||FWB: SWV|
|Frank H. Asbeck (founder and CEO), Georg Gansen (Chairman of the supervisory board)|
|Products||Solar cells, wafers,
PV modules and systems
|Revenue||€1.305 billion (2010)|
|€192.8 million (2010)|
|Profit||€87.3 million (2010)|
|Total assets||€2.635 billion (end 2010)|
|Total equity||€922.9 million (end 2010)|
Number of employees
|3,200 (October 2014)|
|Subsidiaries||SolarWorld Innovations GmbH
SolarWorld Industries Sachsen GmbH
SolarWorld is a German company dedicated to the manufacture and marketing photovoltaic products worldwide by integrating all components of the solar value chain, from feedstock (polysilicon) to module production, from trade with solar panels to the promotion and construction of turn-key solar power systems. The group controls the development of solar power technologies at all levels in-house.
SolarWorld was founded in 1988 as individual company by engineer and chief executive officer Frank Asbeck, and engaged in projects to produce renewable energy. In 1998, these activities were transferred to the newly founded SolarWorld AG, which went public on 11 August 1999.
SolarWorld has received German Sustainability Award in the category of "Germany’s Most Sustainable Production 2008".
The business also has a facility in Hillsboro, Oregon. The newer Hillsboro factory was purchased in 2007 from Japan's Komatsu Group. It is the largest solar cell manufacturing facility in North America.
SolarWorld AG has sales offices in Germany, Spain, USA, South Africa and Singapore.
In 2010, SolarWorld called for lowering Germany's lucrative solar feed-in tariffs and its CEO, Frank Asbeck, supported a 10 percent to 15 percent drop for the incentives. In 2011, utility-scale solar power stations achieved grid parity for domestic consumers as guaranteed tariffs fell below retail electricity prices. Feed-in tariffs continued to drop well below the gross domestic electricity price. Since the beginning of 2012, newly installed, small rooftop PV system also have achieved grid parity.:11 The current policy is to revise tariffs on a monthly basis reducing them by 1 percent unless actual deployment does not meet agreed upon targets. As of spring 2015, tariffs ranged from 8 to 12 euro-cents per kilowatt-hour depending on the PV system's size.
On 19 November 2008, SolarWorld AG announced a bid to buy German automaker Opel from General Motors. The bid was for 1 billion Euro, 250 million being paid in cash and 750 million being paid in bank credits. SolarWorld specified conditions such as Opel should be split from General Motors. Solarworld announced that it intends to create the first electric automotive OEM. However, GM rejected the bid saying "Opel is not for sale".
- "Annual Report 2010" (PDF). SolarWorld. Retrieved 10 April 2011.
- "Solarworld AG (Frankfurt Stock Exchange)". Reuters. Retrieved 2008-11-19.
- "SolarWorld AG Company Profile". Yahoo! Finance. Retrieved 2008-11-19.
- "SolarWorld FAQs". SolarWorld AG. Retrieved 2008-11-19.
- "Shell Announces Additional Hydrogen Stations in US and Wind and Solar Power MoUs". Green Car Congress. Retrieved 2008-11-27.
- "Solarworld comes to Hillsboro". American City Business Journals. 2007-03-01. Retrieved 2008-11-19.
- "SolarWorld Opens North America's Largest Solar Cell Manufacturing Facility" (Press release). SolarWorld. 2008-10-17.
- "Recent facts about photovoltaics in Germany" (PDF). Fraunhofer ISE. 7 January 2015. Retrieved 17 February 2015.
- "Photovoltaikanlagen: Datenmeldungen sowie EEG-Vergütungssätze" [Monthly reported new installations of PV systems and current feed-in tariffs] (in German). Bundesnetzagentur. Retrieved March 2015.
- "The Team". SolarWorld No. 1. Retrieved 2008-11-20.
- Christoph Hammerschmidt. "Solar company announces bid for General Motors subsidiary Opel". Electronic Engineering Times. Retrieved 2008-11-27.
- "German group SolarWorld bids 1bln euros for Opel". Yahoo!7. Retrieved 2008-11-18.
- GM rejects bid
- European consortium mulls mega solar factory to outshine Chinese, Deutsche Welle website, May 20, 2014.