The project will combine with other research and development there and in the company's R&D facility in Germany, SolarWorld Innovations, to propel the company's full-production module power density beyond a once-unimaginable milestone of 300 watts-peak.

HILLSBORO, Ore., Oct. 22, 2014 – SolarWorld, the largest crystalline silicon solar producer in the Americas for nearly 40 years, today expressed its gratitude for a $4 million cooperative award from the U.S. Department of Energy SunShot Initiative to intensify development of a ground-breaking silicon mono-crystallization technology. The proprietary development has demonstrated promise to sharply reduce costs to produce silicon mono-crystals while increasing the efficiency of photovoltaic cells.

SolarWorld already is the global leader in producing PERC (passive emitter rear contact) cell technology with multiple years of capacity-level production at its Hillsboro facility. Mastering this technology has advanced the power of SolarWorld's 60-cell PERC solar panels from 265 to 280 watts-peak so far.

Research in the $8 million next phase of SolarWorld's crystallization project, defrayed by the Energy Department's $4 million match, will take place at the company's site in Hillsboro, Ore., its headquarters for the Americas. The project will combine with other research and development there and in the company's R&D facility in Germany, SolarWorld Innovations, to propel the company's full-production module power density beyond a once-unimaginable milestone of 300 watts-peak.

The SunShot Initiative is a collaborative national effort that aggressively drives innovation to make solar energy fully cost-competitive with traditional energy sources before the end of the decade. Through SunShot, the Energy Department supports efforts by private companies, universities and national laboratories to drive down the cost of solar electricity to $0.06 per kilowatt-hour.

"We thank the Department of Energy for assisting us in our relentless drive to increase solar module power output while driving down costs to customers," said Mukesh Dulani, U.S. president of SolarWorld. "It will be an exciting time to watch the technologies that built this America-pioneered industry make way for technologies that will power a new magnitude of solar-technology adoption in the marketplace."

SolarWorld is exhibiting from Booth 832 at Solar Power International, North America's largest solar-industry trade show, from Oct. 21 through 23 in Las Vegas.

SolarWorld REAL VALUE: SolarWorld manufactures and sells solar power solutions and in doing so contributes to a cleaner energy supply worldwide. As the largest solar producer in the United States and Europe, SolarWorld employs about 3,200 people and carries out production in Hillsboro, Ore., and Freiberg and Arnstadt, Germany. From the raw material silicon to solar wafers, cells and panels, SolarWorld manages all stages of production ‒ including its own research and development. The company maintains high social standards at all locations across the globe and is committed to resource- and energy-efficient production. Headquartered in Bonn, Germany, SolarWorld was founded in 1998 and its stock has been publicly traded since 1999. Connect with SolarWorld on Facebook, Twitter and www.enphase.comwww.solarworld-usa.com.