Advent Solar, Deutsche Solar Sign $350M Contract

Advent Solar, Inc., a manufacturer of solar cells and modules, announced an agreement with Deutsche Solar AG, a subsidiary of SolarWorld AG (SWV.DE) and one of the largest global producers of mono- and multi-crystalline silicon wafers for the photovoltaic industry.

Under the agreement, Deutsche Solar will provide Advent Solar with solar wafers through 2018 with a total value of more than $350 million. Advent Solar will use the wafers to produce solar cells and modules based on its Venturaä Technology.

"Advent Solar® VenturaTM Technology is designed to increase efficiencies at every stage of development, from cell design to manufacturing and production, and wafers are a critical component of this approach," said Peter Green, president and CEO of Advent Solar. "Our agreement with Deutsche Solar significantly increases Advent Solar’s secured wafers and will allow us to quickly begin offering modules based on Ventura Solar Technology."

Advent Solar Ventura Technology provides a system-level design approach by combining Emitter-Wrap Through (EWT) back-contact cells with semiconductor device manufacturing methods to create a highly scalable platform for module manufacturing.

Ventura Solar Technology also enables Advent Solar to reduce silicon thickness by minimizing the handling of cells during the manufacturing process. The fully automated, soft-handling manufacturing flow can accommodate silicon wafers that are much thinner than conventional assembly methods, providing scalability for silicon cost reductions and higher yields.

About SolarWorld AG

The SolarWorld AG group of companies is a world leader in providing high quality solar power technology. The company is represented at all the stages of the solar value chain combining as it does all industrial activities from the raw material silicon to turn-key solar power plants. The group which is exclusively active in its core business of photovoltaic technology operates production facilities in Germany and in the USA. These supply the sales offices of SolarWorld AG in Germany, Spain, the USA, South Africa and Singapore. In South Korea SolarWorld AG is currently in the process of building up a solar module production in order to be able to service the growing demand from Asia on the spot in the future. The central element of the business in addition to the distribution of turn-key solar power plants and solar modules to the trade is the sale of solar silicon wafers to the international solar industry.

About Advent Solar, Inc.

Based in Albuquerque, New Mexico, U.S.A., Advent Solar is the leading designer and manufacturer of silicon-based photovoltaic (PV) solar cells and modules. With Ventura Technology, Advent Solar is applying proven semiconductor-like design and high volume manufacturing techniques to create high-energy output and aesthetically pleasing solar modules. The company’s heritage in developing Emitter Wrap-Through technology for back-contact cells at Sandia National Laboratories serves as a foundation for its innovative intellectual property.

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