Dublin, Georgia, to be New Home to German-Rooted Solar Company

Ravensburg (Germany), May 17, 2010 – MAGE SOLAR GMBH, part of the globally
operating MAGE GROUP, and the Governor of Georgia, Sonny Perdue, today announced
the setup of the solar company’s North American headquarters and production facility
for photovoltaic modules in the state of Georgia. In the city of Dublin in Laurens County
MAGE SOLAR will invest $30 million to create 350 jobs within the next 5 years.

The new North American corporate campus of MAGE SOLAR will be home to the
company’s headquarters, a large manufacturing facility as well as a solar academy.
All administrative and operational processes necessary to serve the growing U.S. solar
market will be managed by the new headquarters. The manufacturing facility for MAGE
SOLAR’s crystalline photovoltaic modules will satisfy the market demand respectively.
In the fi rst phase, the production capacity will be 40MW with a total capacity of 800MW
after the last stage of expansion. Due to the great potential of the American continent and
the steadily increasing demand, the production of MAGE POWERTEC PLUS modules
is scheduled to begin around the end of this year. MAGE SOLAR also plans to build
an academy for solar education to promote solid solar knowledge and training in the
industry.

“We are certain that we have found the perfect home for our company based on the
excellent infrastructure, impressive workforce known for its productivity, integrity and
skill, as well as a keenly business oriented leadership, who during the whole process also
never lost focus of what is best for the future of Georgia, Laurens County and the City of
Dublin,” said Norbert Philipp, CEO of MAGE SOLAR GMBH.

Dublin’s strategic location, about half ways between one of the most wellconnected
airports in the world and the ever expanding Port of Savannah
provides the solar company a logistic advantage. The primary focus of the North
American subsidiary will be on the domestic market, long term however, MAGE
SOLAR is also considering serving the international market outside the U.S.

“We are placed to welcome MAGE SOLAR to Georgia as we celebrate another
headquarters coming to our state. MAGE gives us the opportunity to expand our
leadership position and industry competitiveness in the renewable energy sector,” said
Governor Perdue. “The growth of renewable energy is important to our state and nation,
so I believe MAGE SOLAR will be successful for years to come in Dublin.”

Its unique workforce training program Quick Start as well as its overall businessoriented
climate make Georgia an attractive state for locating corporate headquarters and
manufacturing facilities. In addition, Georgia is also home to the Center of Excellence
for Photovoltaics Research and Education at Georgia Tech in Atlanta. Known for its
groundbreaking research in clean, renewable energy sources, it is only one out of two
centers of its kind nationwide.

Chairman of the Dublin/Laurens Development Authority, Guy Cochran, praised the
decision of MAGE SOLAR to locate in Dublin, Georgia. “We are confi dent that MAGE
SOLAR will be extremely pleased with their decision to locate in our wonderful
community. Our excellent workforce and community leadership eagerly anticipate the
opportunity to assist MAGE SOLAR in achieving all their corporate goals. We are
committed to the immediate success of MAGE SOLAR and pledge any and all support
necessary to expedite that success”.

The expansion of MAGE SOLAR’s manufacturing capacities into the North American
market is a crucial step to further strengthen the company’s international position in the
industry. The new North American corporate campus is designed to swiftly become a
highly innovative center for photovoltaics that will exert its infl uence worldwide.

For more information visit www.magesolar.com
MAGE SOLAR – New Energy For A New World
MAGE SOLAR GMBH with headquarters in Ravensburg, Germany markets highgrade
photovoltaic modules, high-performance branded inverters and its own
mounting systems. We are part of the globally operating MAGE GROUP and consistently
implement the expertise and innovative power of the corporate group in the photovoltaic
industry. Our customers benefi t from easy-to-assemble and economically reasonable
system solutions from a single source. MAGE SOLAR continuously invests
in perfectly matched systems which stand out due to mature technology, high quality and an
excellent price-performance ratio. Out of principle we use only high-grade and
quality-tested components. Certifi cates of renowned testing facilities like VDE, TÜV and
UL confi rm the high quality standards.

Contact:
Jenny Kelly
Director Corporate Communications
+1 (801) 473 5643
jenny.kelly@magesolar.com

Sylvia Minton
Sr. Vice President
Corporate, Institutional & Government Relations - Americas
+1 (770) 877 1848
sylvia.minton@magesolar.com