aleo solar AG

EANS-News: aleo solar AG
aleo solar AG steps up presence in Greece

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Prenzlau/Oldenburg (euro adhoc) - aleo solar AG today announced that it will open a sales office in Athens in April 2009 to prepare the company for a significant increase in photovoltaic installations in Greece. "During the last 18 months, our sales manager for Greece has been highly successful in positioning the 'aleo' brand within the emerging Greek photovoltaic market," said Jakobus Smit, CEO of aleo solar AG. "The core elements of our philosophy are quality, service and added value. It is a philosophy that is valued by our aleo partners in Greece."

Solar power plants with an output of around 20 to 25 megawatts were installed on the Greek mainland and its islands during the previous year. This translates into a market share of some 15 percent for aleo solar AG. With a long list of projects in hand - some already approved - aleo solar expects a multiplication of the market volume this year and is preparing to further improve its already strong position. Christopher Dunne, Director of Market Development, added: "Our close cooperation with leading Greek project developers, the support of banks involved in project financing and an understanding of the way in which authorities and utilities work together has enabled us to become a well-known player in this young market."

The Greek photovoltaic market is based on two main pillars: the greenfield and the rooftop installation market. One of the largest greenfield installations was built in the Greek municipality of Thebes (50 km north of Athens), utilizing two megawatts of aleo S_03 modules. This project is being financed by LBBW (Landesbank Baden-Württemberg). The market for rooftop installations is also gaining momentum: for 2009, a special subsidy program with a volume of 750 megawatts was introduced for rooftop installations. aleo solar AG has a long track record of expertise in this market segment. As a result of the superb conditions created by Greek feed-in legislation, project developers, installers and specialist dealers will be driving considerable expansion in this area.

From 3 - 6 April, aleo solar AG will be exhibiting for the third time in a row at the "Ecotec" trade fair in Athens (Stand: Hall 4/G1). Our website provides general visual material as well as information on reference projects in Greece:

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ots Originaltext: aleo solar AG
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Further inquiry note:
Franz Nieper
Investor Relations, Legal & Compliance
Tel.:    +49 (0)441-21988-770

Branche: Alternative energy
ISIN:      DE000A0JM634
WKN:        A0JM63
Index:    CDAX, Prime All Share, Technologie All Share
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