DGAP-News

SolarWorld AG and Enphase Energy Enter Strategic Partnership

DGAP-News: SolarWorld AG / Key word(s): Alliance/Miscellaneous
SolarWorld AG and Enphase Energy Enter Strategic Partnership

19.11.2014 / 09:30

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SolarWorld AG and Enphase Energy Enter Strategic Partnership
In deal, companies will share market channels and develop products together

SolarWorld AG and Enphase Energy (NASDAQ: ENPH) announced today that they
have signed a global strategic partnership agreement. Enphase is the
world's largest provider of microinverters, devices that convert direct
electrical current to alternating current to enable most applications of
solar electric power.

SolarWorld, the largest U.S. solar producer for nearly 40 years, has
formalized Enphase as its supplier of microinverter systems for
SolarWorld's custom-engineered system solutions in the U.S. market as well
as expanded this partnership across both companies' worldwide distribution
networks - in Europe, starting in the United Kingdom. The two companies
also have agreed to engage in close collaboration in developing new solar
technologies and products.

"SolarWorld and Enphase are known for outstanding quality, performance and
long lasting products," said Dr.-Ing. E. h. Frank Asbeck, chief executive
officer of SolarWorld AG. "This is a collaboration between industry
leaders."

"Enphase has worked closely with SolarWorld for several years, and the
companies have built a strong, growing business together in collaboration
with SolarWorld's extensive U.S. channels," said Jeff Loebbaka, senior vice
president of global sales, marketing and support. "This new agreement
promises to open new regional market and product opportunities around the
world for both companies."

SolarWorld REAL VALUE: SolarWorld manufactures and sells solar power
solutions and in doing so contributes to a cleaner energy supply worldwide.
The group, headquartered in Bonn, Germany, employs approximately 3,400
people and carries out production in Freiberg, Germany; Arnstadt, Germany;
and Hillsboro, USA. From raw material silicon to solar wafers, cells and
modules, SolarWorld manages all stages of production ‒ including its own
research and development. Through an international distribution network
with locations in Europe, USA, Singapore and South Africa, SolarWorld
supplies customers all over the world. The company maintains high social
standards at all locations across the globe, and has committed itself to
resource- and energy-efficient production. SolarWorld was founded in 1998
and has been publically traded on the stock market since 1999. More
information at www.solarworld.de/en

Contact:
SolarWorld AG, Press
Phone: [phone]; Fax: [phone]
Email: [e-mail]
Internet: www.solarworld.de



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19.11.2014 Dissemination of a Corporate News, transmitted by DGAP - a
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The issuer is solely responsible for the content of this announcement.

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Language: English
Company: SolarWorld AG
Martin-Luther-King-Straße 24
53175 Bonn
Germany
Phone: +49 (0)228 - 559 20 470
Fax: +49 (0)228 - 559 20 9470
E-mail: [e-mail]
Internet: www.solarworld.de
ISIN: DE000A1YCMM2, DE000A1YDDX6, DE000A1YCN14
WKN: A1YCMM, A1YDDX, A1YCN1
Listed: Regulierter Markt in Düsseldorf, Frankfurt (Prime
Standard); Freiverkehr in Berlin, Hamburg, München,
Stuttgart


End of News DGAP News-Service
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297989 19.11.2014