DEAL! Solarvalue AG purchase receives final approval

Slovenian Authorities approve purchase of TDR – Metalurgija

Solarvalue AG (XETRA:SV7) (http://www.solarvalue.com) announced the completion of the deal today. The TDR facility is now owned by WP Profil Solarvalue Holding d.o.o., a joint venture between W&P Profil d.o.o with 51% and Solarvalue AG with 49%. The contract deed of sale had been signed by Holding Slovenske elektrarne (HSE) back on October 27, 2006.

At a Press Conference on November 17, 2006, Solarvalue discussed their near term plans, solar grade silicon production process, and strategy. Please see Solarvalue discusses plans and process. Solarvalue expects the first solar grade silicon (SGS) to be available in the spring 2007 and plans to produce 850 metric tons of solar grade silicon by year end 2007. Expected production capacity by year end 2008 is 4,400 metric tons of solar grade silicon.

If you want to learn more about Solarvalue AG from other sources, I suggest reading the independent research report, Polysilicon: Supply, Demand & Implications for the PV Industry (free registration required for download), from The Prometheus Institute for Sustainable Development or this pay to play independent research report from Performaxx Research GmbH.

Solarvalue AG will have a shareholder conference call tomorrow, December 1, 2006, from 11 AM to 12 Noon CET (Central European Time). You can read the details in the Solarvalue Press release on their website (English, Deutsch).

This completes another open issue I hoped would be addressed at the Berlin Press Conference on November, 17, 2006. I’ll have to consider dialing in to see if Solarvalue discloses their strategic investors.

TDR stands for Tovarna dušika Ruše and refers to the entire factory complex where the TDR facility is located. Taxi drivers in Maribor, Slovenia, know TDR by this longer name behind the acronym.