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SOLON AG to expand production capacity to 500 MW

(PresseBox) (Berlin, ) SOLON AG für Solartechnik (ISIN DE007471195), headquartered in Berlin and one of Europe's largest manufacturers of solar modules and photovoltaic systems, plans to expand Group-wide production capacities from the 210 MW available at the end of 2007 to a total of 500 MW by the end of 2008. To achieve this, the Company will increase capacities at existing production locations. Approximately EUR 40 million will be invested in the capacity expansion. This move is a reaction on the part of SOLON AG to strong growth in the global photovoltaic market and sustained high demand for the Company's photovoltaic modules and power plant systems in Germany
and abroad.