INSIDE 1/08 Georg Fischer Piping Systems Ltd. 8201 Schaffhausen Switzerland www.piping.georgfischer.com Ralph Schreiber Public & Media Relations Manager Tel +41 (0) 52 631 3374 Fax +41 (0) 52 631 2830 Mobile +41 (0) 79 830 2803 ralph.schreiber@georgfischer.com Schaffhausen, December 2008 Best in Class Photovoltaic Technology Photovoltaic cell production is not only a rapidly growing market, but also a key factor in the fight against global warming. GF Piping System offers superior solutions for traditional thick film and new thin film production. The production of electricity by means of photovoltaic cells has experienced rocketing growth rates in recent years. Since 2002, the capacity has doubled every two years. At the end of 2007, global photovoltaic (PV) electricity production amounted to approx. 12 400 megawatts. Front-runner GF Piping Systems recognized the importance of the photovoltaic cell manufacturing business right from the start, from the pioneering days of today's leading producers, such as Q.Cells from Germany. Plastic solutions for large-scale PV manufacturing plants The total plastic solution (TPS) approach of Georg Fischer Piping Systems is ideally suited for the global trend towards large-scale, integrated PV manufacturing plants. We meet our customers' expectations by supplying plastic piping system solutions for a standard basis of design in combination with worldwide set-up and specialist resource deployment. The high volume industrial production of silicon-based multicrystalline thick film photovoltaic cells (c-Si) achieves efficiencies in the area of approx. 14%. Examples of further optimization potential are commercially available. High-efficiency monocrystalline silicon photovoltaic cells, for example SunPower's all-back contact cells or Sanyo's HIT cells, achieve efficiencies towards 22%. Growing market share of thin film production Besides the traditional (c-Si) cell manufacturing technology, the rapidly emerging thin film cell production technology with efficiencies of approx. 8% (a-µc-Si, CIS, CdTe) is projected to reach approx. 20% market share out of a total worldwide projected capacity in the range of somewhere between 12-20 gigawatts in 2010. Annual growth rates for the demand of photovoltaic cells, up to 30%, will drive this highly interesting market for the coming years despite some concerns regarding oversupply in the market. The «tipping point» is projected to start around 2011-2015. This means that the levelized cost of energy (LCoE) from photovoltaic technologies will start to equal grid power – i.e. reaching the so-called «grid parity» – and then go lower than conventional electricity rates. In the current market, for larger MW orders, the price difference between crystalline and thin film modules could rise to ~$1/Wp (watt peak). Watt peak is the DC output in Watts of a solar module as measured under an industry-standardized light test before the solar module leaves the manufacturer's facility. Thin film manufacturers have already been able to produce cadmium telluride (CdTe) modules at $1.18/Wp. When production capacity reaches the 1 gigawatt scale, which is projected before 2010, the goal is to achieve a production cost substantially below $1/Wp. Wide range of GF Piping Systems solutions We are successfully supplying numerous applications in traditional thick film production, for example DI/specified-water supply in PROGEF Plus, chemical delivery in Contain-IT Plus, SYGEF Standard, PFA, waste handling in PROGEF Standard, PE, PVC, PVC-C and other customized solutions. In view of the rapidly growing thin film production technology, the world's leading manufacturers are already relying on, for example, our SYEGF/PROGEF systems for 2 DI-water supply and PE/ELGEF in large diameters to convey process cooling water for the deposition/coating equipment. GF Piping Systems is the perfect partner to support the ambitious goals of this industry in regard to «grid parity» by delivering reliable total plastic solutions tailored to the needs of the photovoltaic industry and ultimately contributing to a greener world. Author: Hanspeter Müller, Market segment Microelectronics, GF Piping Systems, Switzerland Georg Fischer – Adding Quality to People`s Lives GF Piping Systems is one of the three core businesses of the Georg Fischer Corporation and a leading supplier of piping systems in plastic and metal with global market presence. Connecting technology, fittings, valves, measuring devices and pipes are used for water conveyance and treatment as well as the transport of liquids and gases for industrial purposes. GF Piping Systems provides innovative, engineered solutions for the segments building technology, chemical process industry, cooling, life science, microelectronics, ship building, water and gas utilities and water treatment. Sales companies in more than 25 countries and representatives in another 80 countries ensure customer support 24 hours a day. Production sites in Europe, Asia and the US are near the customers and meet local requirements. The Georg Fischer headquarters is based since its foundation in 1802 in Schaffhausen, Switzerland. Key figures GF Piping Systems 2008 More than 4’700 employees worldwide (per 31 December 2008) 1224 MCHF sales 122 MCHF EBIT Further information is available at www.piping.georgfischer.com 3