1 Table of Contents
1 Table of Contents 2
1.1 List of Tables 8
1.2 List of Figures 11
2 Company Snapshot 12
2.1 Key Information 12
2.2 Company Overview 12
2.3 Financial Performance 12
2.4 Industry Outlook – Solar PV 12
2.5 SWOT Snapshot 13
3 Business Description 14
3.1 Business Overview 14
3.2 Components 14
3.2.1 Overview 14
3.2.2 Production 14
3.2.3 Financials 14
3.2.4 Capital Expenditure 15
3.2.5 Market View 15
3.2.6 Key Strategies 15
3.3 System Technology 15
3.3.1 Overview 15
3.3.2 Production 16
3.3.3 Financials 16
3.3.4 Capital Expenditure 16
3.3.5 Market View 16
3.3.6 Key Strategies 16
3.4 Major Products and Services 17
3.4.1 Overview 17
3.5 Solon AG fuer Solartechnik, Solar Production Capacity (MW), 2003-08 17
4 Solon AG fuer Solartechnik, Solar Parks Summary 18
4.1 Solar Park Information 20
4.1.1 Solon AG fuer Solartechnik, Solar Park Details, Hoya de Los Vincentes (Jumilla Solar Park) 20
4.1.2 Solon AG fuer Solartechnik, Solar Park Details, Gut Erlasee (Arnstein) 21
4.1.3 Solon AG fuer Solartechnik, Solar Park Details, Alamosa Photovoltaic Solar Plant 22
4.1.4 Solon AG fuer Solartechnik, Solar Park Details, Fotovoltaica "Llerena 2" 23
4.1.5 Solon AG fuer Solartechnik, Solar Park Details, Borna2 24
4.1.6 Solon AG fuer Solartechnik, Solar Park Details, Campo de Carinena 25
4.1.7 Solon AG fuer Solartechnik, Solar Park Details, Calvia 26
4.1.8 Solon AG fuer Solartechnik, Solar Park Details, Santa Margalida 27
4.1.9 Solon AG fuer Solartechnik, Solar Park Details, Don Benito 28
4.1.10 Solon AG fuer Solartechnik, Solar Park Details, Park Ca'n Verd 29
4.1.11 Solon AG fuer Solartechnik, Solar Park Details, Alcolea de Calatrava 30
4.1.12 Solon AG fuer Solartechnik, Solar Park Details, Logistics Company Facility Roof 31
4.1.13 Solon AG fuer Solartechnik, Solar Park Details, Villarasa 32
4.1.14 Solon AG fuer Solartechnik, Solar Park Details, Llanos de Guadix 33
4.1.15 Solon AG fuer Solartechnik, Solar Park Details, Regensburg 34
4.1.16 Solon AG fuer Solartechnik, Solar Park Details, Governmental Quarter: Paul-Lobe-Haus 35
4.1.17 Solon AG fuer Solartechnik, Solar Park Details, Oberndorf 36
4.1.18 Solon AG fuer Solartechnik, Solar Park Details, Lich -17 37
4.1.19 Solon AG fuer Solartechnik, Solar Park Details, Salzgitter-Beinum 38
4.1.20 Solon AG fuer Solartechnik, Solar Park Details, Governmental Quarter: Jakob-Kaiser-Haus 39
4.1.21 Solon AG fuer Solartechnik, Solar Park Details, Paul-Horn Arena 40
4.1.22 Solon AG fuer Solartechnik, Solar Park Details, Knott Helmut 41
4.1.23 Solon AG fuer Solartechnik, Solar Park Details, Schindlbeck Hans 42
4.1.24 Solon AG fuer Solartechnik, Solar Park Details, Schotten-Eichelsachsen -2 43
4.1.25 Solon AG fuer Solartechnik, Solar Park Details, Aigner Peter - 2 44
4.1.26 Solon AG fuer Solartechnik, Solar Park Details, AUDI - Forum for Tradition and Vision 45
4.1.27 Solon AG fuer Solartechnik, Solar Park Details, PV-Tracker Reinhaltungsverband Hallstattersee 46
4.1.28 Solon AG fuer Solartechnik, Solar Park Details, Kempf, low Bieber 47
4.1.29 Solon AG fuer Solartechnik, Solar Park Details, Laubach -1 48
4.1.30 Solon AG fuer Solartechnik, Solar Park Details, Nidda - 1 49
4.1.31 Solon AG fuer Solartechnik, Solar Park Details, Wettenberg -1 50
4.1.32 Solon AG fuer Solartechnik, Solar Park Details, Lich -22 51
4.1.33 Solon AG fuer Solartechnik, Solar Park Details, Pohlheim-Watzenbarn-Steinberg - 10 52
4.1.34 Solon AG fuer Solartechnik, Solar Park Details, Reiskirchen-Ettingshausen 53
4.1.35 Solon AG fuer Solartechnik, Solar Park Details, Otto Burkart 54
4.1.36 Solon AG fuer Solartechnik, Solar Park Details, Aigner Peter - 1 55
4.1.37 Solon AG fuer Solartechnik, Solar Park Details, Kribitzneck Anton - 2 56
4.1.38 Solon AG fuer Solartechnik, Solar Park Details, Dietz - 2 57
4.1.39 Solon AG fuer Solartechnik, Solar Park Details, Stelzl 58
4.1.40 Solon AG fuer Solartechnik, Solar Park Details, Wolfersheim-Sodel 59
4.1.41 Solon AG fuer Solartechnik, Solar Park Details, Retzin 60
5 History 61
6 Business Strategy 64
6.1 Mission Statement 64
6.2 Strategy 64
7 Value Chain Analysis 65
7.1 Equipment Manufacturing 65
7.1.1 Overview 65
7.1.2 Financials, Production and Major Projects 65
8 SWOT Analysis 67
8.1 Overview 67
8.2 Solon AG fuer Solartechnik Strengths 68
8.2.1 Products and Services 68
8.2.2 Focused Research and Development 68
8.2.3 Established Procurement Relationships 68
8.2.4 Increasing Revenues 69
8.3 Solon AG fuer Solartechnik Weaknesses 70
8.3.1 Limited Geographic Concentration 70
8.3.2 Product Quality 70
8.4 Solon AG fuer Solartechnik Opportunities 71
8.4.1 Growing Solar Technology Market 71
8.4.2 Expansion of Production Capacities 71
8.5 Solon AG fuer Solartechnik Threats 72
8.5.1 Increasing Silicon Prices 72
8.5.2 Intense competition 72
9 Competitors 73
10 Revenue Analysis 74
10.1 Revenue by Segment 74
10.2 Revenue by Geography 74
11 Financial and Operational Review 76
11.1 Financial Statements 76
11.2 Financial Ratios 77
12 Share Holding Structure 78
13 Key Employees 79
14 Key Employee Biographies 80
15 Company Statement 81
16 Locations and Subsidiaries 83
16.1 Head Office 83
16.2 Other Locations & Subsidiaries 83
17 Financial Deals Landscape 85
17.1 Solon AG fuer Solartechnik, Deals Volume Summary, 2004 to YTD 2008 85
17.2 Solon AG fuer Solartechnik, Deals Summary By Region, 2004 to YTD 2008 86
17.3 Solon AG fuer Solartechnik, Deals Summary, 2004 to YTD 2008 87
17.4 Solon AG fuer Solartechnik Detailed Deal Summary 88
17.4.1 Asset Purchase 88
17.4.2 Acquisition 89
17.4.3 Private Equity 103
17.4.4 Equity Offerings 104
17.4.5 Debt Offerings 106
17.4.6 Partnerships 108
18 Solon AG fuer Solartechnik, Solar Contracts Summary 112
18.1 Contract Information 113
18.1.1 Solon AG fuer Solartechnik, Turbine Contract Details, SOLON to Develop a Solar Power Plant in Italy 113
18.1.2 Solon AG fuer Solartechnik, Turbine Contract Details, Solon AG fuer Solartechnik Supplies 10 MWp Modules in Greece 114
18.1.3 Solon AG fuer Solartechnik, Turbine Contract Details, SOLON AG fur Solartechnik Signs a Supply Contract with Hypervolt Renewable Energy S.A., 115
18.1.4 Solon AG fuer Solartechnik, Turbine Contract Details, Solon AG fuer Solartechnik To Develop A Solar Power Plant in Spain 116
18.1.5 Solon AG fuer Solartechnik, Turbine Contract Details, Solon AG fuer Solartechnik Signs A Contract With Generacio Fotovoltaico S.L. 117
18.1.6 Solon AG fuer Solartechnik, Turbine Contract Details, Solon AG fuer Solartechnik To Supply Solar PV Systems In Spain 118
18.1.7 Solon AG fuer Solartechnik, Turbine Contract Details, SOLON's Subsidiary To Install A Solar PV System In Italy 119
18.1.8 Solon AG fuer Solartechnik, Turbine Contract Details, SOLON's Subsidiary To Install A Solar PV System In Italy 120
19 Recent Developments 121
19.1 New Contracts 121
19.1.1 Aug 06, 2008: Suniva to Supply $500 Million Worth of Solar Cells to Solon 121
19.1.2 Jun 09, 2008: SOLON Concludes Framework Agreement with Deutsche Bank for 150 MWp Power Plant Projects in Italy 121
19.1.3 Apr 22, 2008: SOLON Signs Agreement with Hypervolt to Supply Solar Modules 121
19.1.4 Jan 10, 2008: Xantrex Signs Contract with SOLON to Supply Solar Inverters 122
19.1.5 Nov 22, 2007: SOLON Gets Order for Solar Power Plants in Italy 122
19.1.6 Sep 20, 2007: SOLON Gets Contract to Build 44 MW Solar Power Plant in Spain 123
19.1.7 Aug 06, 2007: SOLON Signs Contract with Generacio for Photovoltaic Modules 123
19.1.8 Oct 16, 2006: GSE and American Capital Signs Supply Agreement for SOLON Modules 124
19.2 Operations Updates 124
19.2.1 Dec 03, 2008: Global Solar Begins Operations of 750 kW Solar Electric System 124
19.2.2 Jan 18, 2007: SOLON Completes Installation of Photovoltaic Roof System in Italy 125
19.3 Financial Announcements 126
19.3.1 Nov 12, 2008: SOLON Declares Nine Months 2008 Results 126
19.3.2 Aug 19, 2008: SOLON Reports 1H 2008 Results 127
19.3.3 May 14, 2008: SOLON Declares Q1 2008 Results 127
19.3.4 Apr 07, 2008: SOLON Declares 2007 Results 128
19.3.5 Nov 13, 2007: SOLON Declares Nine Months 2007 Results 130
19.3.6 Aug 22, 2007: SOLON Declares H1 2007 Results 130
19.3.7 May 23, 2007: SOLON Declares Q1 2007 Results 131
19.3.8 Apr 25, 2007: SOLON Declares 2006 Results 131
19.3.9 Nov 14, 2006: SOLON Reports Nine Months 2006 Results 132
19.3.10 Aug 23, 2006: SOLON Reports H1 2006 Results 133
19.3.11 May 31, 2006: SOLON Reports Q1 2006 Results 133
19.3.12 Mar 15, 2006: SOLON Declares 2005 Results 133
19.4 Strategy and Business Planning 134
19.4.1 Dec 17, 2008: Solon Receives Permission from Pima County for Solar Facility 134
19.4.2 Nov 18, 2008: ARISE to Supply PV Cells to Solon in 2009 134
19.4.3 Oct 17, 2008: SOLON Opens Solar Modules Manufacturing Facility in Tucson 134
19.4.4 Sep 14, 2008: Solon to Open Solar PV Plant in Tucson 135
19.4.5 Jun 16, 2008: Intel Spins off Solar Energy Technology, Invests in SpectraWatt 136
19.4.6 Feb 05, 2008: SOLON to Build New Production Site for Solar Modules in Padova Province 137
19.4.7 Dec 04, 2007: Western Wind, SOLON Sign Cooperation Agreement for Solar Energy Projects 137
19.4.8 Nov 28, 2007: SOLON Signs Cooperation Agreement with GUASCOR 138
19.4.9 Nov 16, 2007: SOLON to Install Power Station in Australia 138
19.4.10 Sep 25, 2007: SOLON to Expand Production Capacity by 500 MW 138
19.5 Other Significant Developments 139
19.5.1 Aug 06, 2008: SOLON Signs Contract with Suniva to Supply Solar Cells 139
19.5.2 Jul 01, 2008: SOLON Appoints New CFO 139
19.5.3 Jan 11, 2008: SOLON Signs Agreement with ARISE to Supply Solar Cells 139
19.5.4 Oct 01, 2007: SOLON Appoints New COO 139
19.5.5 Aug 29, 2007: SOLON Signs Contract with ersol for Solar Cells 140
19.5.6 Aug 24, 2006: SOLON Conclude Additional Supply Agreement with Ersol 140
20 Appendix 141
20.1 Methodology 141
20.2 About GlobalData 141
20.3 Contact Us 141
20.4 Disclaimer 141
1.1 List of Tables
Table 1: Solon AG fuer Solartechnik,Key Facts, 2007 12
Table 2: Solon AG fuer Solartechnik, Solar Production Capacity (MW), 2003-08 17
Table 3: Solon AG fuer Solartechnik, Solar Parks Summary 18
Table 4: Solon AG fuer Solartechnik, Solar Park Summary (Contd) 19
Table 5: Solon AG fuer Solartechnik, Solar Park Details, Hoya de Los Vincentes (Jumilla Solar Park) 20
Table 6: Solon AG fuer Solartechnik, Solar Park Details, Gut Erlasee (Arnstein) 21
Table 7: Solon AG fuer Solartechnik, Solar Park Details, Alamosa Photovoltaic Solar Plant 22
Table 8: Solon AG fuer Solartechnik, Solar Park Details, Fotovoltaica "Llerena 2" 23
Table 9: Solon AG fuer Solartechnik, Solar Park Details, Borna2 24
Table 10: Solon AG fuer Solartechnik, Solar Park Details, Campo de Carinena 25
Table 11: Solon AG fuer Solartechnik, Solar Park Details, Calvia 26
Table 12: Solon AG fuer Solartechnik, Solar Park Details, Santa Margalida 27
Table 13: Solon AG fuer Solartechnik, Solar Park Details, Don Benito 28
Table 14: Solon AG fuer Solartechnik, Solar Park Details, Park Ca'n Verd 29
Table 15: Solon AG fuer Solartechnik, Solar Park Details, Alcolea de Calatrava 30
Table 16: Solon AG fuer Solartechnik, Solar Park Details, Logistics Company Facility Roof 31
Table 17: Solon AG fuer Solartechnik, Solar Park Details, Villarasa 32
Table 18: Solon AG fuer Solartechnik, Solar Park Details, Llanos de Guadix 33
Table 19: Solon AG fuer Solartechnik, Solar Park Details, Regensburg 34
Table 20: Solon AG fuer Solartechnik, Solar Park Details, Governmental Quarter: Paul-Lobe-Haus 35
Table 21: Solon AG fuer Solartechnik, Solar Park Details, Oberndorf 36
Table 22: Solon AG fuer Solartechnik, Solar Park Details, Lich -17 37
Table 23: Solon AG fuer Solartechnik, Solar Park Details, Salzgitter-Beinum 38
Table 24: Solon AG fuer Solartechnik, Solar Park Details, Governmental Quarter: Jakob-Kaiser-Haus 39
Table 25: Solon AG fuer Solartechnik, Solar Park Details, Paul-Horn Arena 40
Table 26: Solon AG fuer Solartechnik, Solar Park Details, Knott Helmut 41
Table 27: Solon AG fuer Solartechnik, Solar Park Details, Schindlbeck Hans 42
Table 28: Solon AG fuer Solartechnik, Solar Park Details, Schotten-Eichelsachsen -2 43
Table 29: Solon AG fuer Solartechnik, Solar Park Details, Aigner Peter - 2 44
Table 30: Solon AG fuer Solartechnik, Solar Park Details, AUDI - Forum for Tradition and Vision 45
Table 31: Solon AG fuer Solartechnik, Solar Park Details, PV-Tracker Reinhaltungsverband Hallstattersee 46
Table 32: Solon AG fuer Solartechnik, Solar Park Details, Kempf, low Bieber 47
Table 33: Solon AG fuer Solartechnik, Solar Park Details, Laubach -1 48
Table 34: Solon AG fuer Solartechnik, Solar Park Details, Nidda - 1 49
Table 35: Solon AG fuer Solartechnik, Solar Park Details, Wettenberg -1 50
Table 36: Solon AG fuer Solartechnik, Solar Park Details, Lich -22 51
Table 37: Solon AG fuer Solartechnik, Solar Park Details, Pohlheim-Watzenbarn-Steinberg - 10 52
Table 38: Solon AG fuer Solartechnik, Solar Park Details, Reiskirchen-Ettingshausen 53
Table 39: Solon AG fuer Solartechnik, Solar Park Details, Otto Burkart 54
Table 40: Solon AG fuer Solartechnik, Solar Park Details, Aigner Peter - 1 55
Table 41: Solon AG fuer Solartechnik, Solar Park Details, Kribitzneck Anton - 2 56
Table 42: Solon AG fuer Solartechnik, Solar Park Details, Dietz - 2 57
Table 43: Solon AG fuer Solartechnik, Solar Park Details, Stelzl 58
Table 44: Solon AG fuer Solartechnik, Solar Park Details, Wolfersheim-Sodel 59
Table 45: Solon AG fuer Solartechnik, Solar Park Details, Retzin 60
Table 46: Solon AG fuer Solartechnik, SWOT Analysis , 2007 67
Table 47: Solon AG fuer Solartechnik, Revenue by Segment, Euro Thousand, 2003-07 74
Table 48: Solon AG fuer Solartechnik, Revenue by Geography, Euro Thousand, 2003-07 75
Table 49: Solon AG fuer Solartechnik, Financial Statements, Euro Thousand, 2003-07 76
Table 50: Solon AG fuer Solartechnik, Financial Ratios, Euro Thousand, 2003-07 77
Table 51: Solon AG fuer Solartechnik, Share Holding Structure 2007 78
Table 52: Solon AG fuer Solartechnik, Key Employees, 2007 79
Table 53: Solon AG fuer Solartechnik, Other Locations 83
Table 54: Solon AG fuer Solartechnik, Subsidiaries 84
Table 55: Solon AG fuer Solartechnik, Deals Summary, 2004 to YTD 2008 85
Table 56: Solon AG fuer Solartechnik, Deals Summary by Region, 2004 to YTD 2008 86
Table 57: Solon AG fuer Solartechnik, Deals Summary, 2004 to YTD 2008 87
Table 58: SOLON Sells Solar Power Plants in Spain to Meinl International Power 88
Table 59: SOLON Acquires Estelux 89
Table 60: SOLON AG fur Acquires 16% Stake In SpectraWatt 90
Table 61: SOLON Acquires Stake In Blue Chip Energy 91
Table 62: Solon Acquires 41% Stake In ml&s GmbH 92
Table 63: Solon Invests In The Solar Center And Sungevity 93
Table 64: SOLON AG Invests In American Clean Power 94
Table 65: SOLON Acquires Minority Stake In CBD Energy 95
Table 66: Solon Acquires 40% Stake In Green Utility 97
Table 67: SOLON Sells Its Stake In Solland Solar Energy Holding 98
Table 68: SOLON Acquires Minority Stake In Global Solar Energy From UniSource Energy 99
Table 69: SOLON Acquires S.E. Project 100
Table 70: SOLON Acquires Hilber Technology Cooperation 101
Table 71: Solon Invests In Solar Sailor 102
Table 72: Ecoventures And SOLON Invest $394.67 Million In Silicium de Provence 103
Table 73: SOLON AG Completes Offering For $92.86 Million 104
Table 74: SOLON AG Completes Offering For $15.2 Million 105
Table 75: Solon AG fur Issues Convertible Bonds For $293 Million 106
Table 76: SOLON Completes Private Placement Of $50.96 Million 107
Table 77: Western Wind Energy Signs An Agreement With Solon America 108
Table 78: Econcern Forms Joint Venture with Solon 109
Table 79: SOLON Forms Partnership With Global Solar 110
Table 80: SOLON Signs An Agreement With S.A.G. Solarstrom 111
Table 81: Solon AG fuer Solartechnik, Solar Contracts Summary 112
Table 82: Solon AG fuer Solartechnik, Solar Contract Details, SOLON To Develop A Solar Power Plant In Italy 113
Table 83: Solon AG fuer Solartechnik, Solar Contract Details, Solon AG fuer Solartechnik Supplies 10 MWp Modules In Greece 114
Table 84: Solon AG fuer Solartechnik, Solar Contract Details, SOLON AG fur Solartechnik Signs A Supply Contract With Hypervolt Renewable Energy S.A., 115
Table 85: Solon AG fuer Solartechnik, Solar Contract Details, Solon AG fuer Solartechnik To Develop A Solar Power Plant In Spain 116
Table 86: Solon AG fuer Solartechnik, Solar Contract Details, Solon AG fuer Solartechnik Signs A Contract With Generacio Fotovoltaico S.L. 117
Table 87: Solon AG fuer Solartechnik, Solar Contract Details, Solon AG fuer Solartechnik To Supply Solar PV Systems In Spain 118
Table 88: Solon AG fuer Solartechnik, Solar Contract Details, SOLON's Subsidiary To Install A Solar PV System In Italy 119
Table 89: Solon AG fuer Solartechnik, Solar Contract Details, SOLON's Subsidiary To Install A Solar PV System In Italy 120
1.2 List of Figures
Figure 1: Solon AG fuer Solartechnik, Value Chain Analysis 65
Figure 2: Solon AG fuer Solartechnik, Deals Volume Summary, 2004 to YTD 2008 85
Figure 3: Solon AG fuer Solartechnik, Deals Summary by Region, 2004 to YTD 2008 86
