aleo solar AG

aleo solar becomes only German module manufacturer with its own factory in Spain

New contracts in Spain worth €15 million and cell supply contract with Q-Cells until 2012

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Prenzlau/Oldenburg (euro adhoc) - aleo solar AG is launching production at its factory in Santa MarĂ­a de Palautordera, near Barcelona. The facility, with a total capacity of 10 MW, will handle production for the Spanish market. Jakobus Smit, member of the Management Board of aleo solar AG, commented: "Our internationalisation strategy uses a country-specific approach: we organise our local business using Spanish employees and a Spanish sales force, who know the customers and their financing partners." This calculation is paying off: following large orders by Gamesa and Endesa last December, aleo solar signed further contracts worth approx. EUR15 million for 2007 in January with Spanish project developers. "In this important foreign market we are perceived - and in demand - as a Spanish company with high German product quality," said Heiner Willers, the other member of the Management Board. "We can deliver this as we have signed a contract for Spain lasting until 2012 with our supplier Q-Cells guaranteeing the supply of solar cells for our factory."

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ots Originaltext: aleo solar AG
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Branche: Alternative energy
ISIN:      DE000A0JM634
WKN:        A0JM63
Index:    CDAX, Technologie All Share, Prime All Share
Börsen:  Frankfurter Wertpapierbörse / official dealing/prime standard
              Börse Berlin-Bremen / free trade
              Hamburger Wertpapierbörse / free trade
              Baden-WĂĽrttembergische Wertpapierbörse / free trade
              Börse DĂĽsseldorf / free trade
              Bayerische Börse / free trade

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