aleo solar AG

EANS-News: aleo solar AG
aleo solar AG celebrates 10-year anniversary: 1 gigawatt produced, 1,000 jobs created

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Company Information

Prenzlau/Oldenburg (euro adhoc) - aleo solar AG has reached a milestone almost
exactly ten years after its formation: last week the total rated output of
modules manufactured by aleo solar passed the one gigawatt mark - equivalent to
the output of a nuclear power plant. The total power is spread across some five
million solar modules.  

S.M.D Solar-Manufaktur Deutschland GmbH & Co. KG - aleo solar's predecessor
company - was registered in the Commercial Register on 18 October 2001. In
December 2001 the first sod was turned at the Prenzlau factory, and in July 2002
module production commenced. The annual production capacity continually
increased from the initial figure of 15 megawatts, reaching 390 megawatts at the
end of 2011. More than 1,000 jobs were created at the three manufacturing
facilities and nine sales offices throughout the world. "Thanks to its hands-on
employees and a clear focus on market requirements, the small module maker has
grown to become one of Europe´s largest manufacturers of solar modules," says
York zu Putlitz, CEO of aleo solar AG. "With our ten-year history, we are one of
the more experienced players in what still is a young solar power industry. This
means that our 1,500 customers worldwide benefit from our expertise in terms of
product quality and customer advice." The Bosch Group became aleo solar´s main
shareholder about two years ago. The technology group´s stake in aleo solar is a
validation of the company´s successful development. 

The solar modules manufactured by aleo solar produce around one terawatt-hour of
clean solar electricity per year, which is approximately equivalent to the
electricity consumption of 285,000 three-person households. aleo modules also
make an impressive contribution to climate protection: taking the German
electricity mix as a basis for comparison, they prevent some 584,000 tonnes of
carbon from being released into the atmosphere per year. Over a service life of
25 years - the length of the aleo solar performance guarantee - this amounts to
more than 14 million tonnes of CO2.

Further inquiry note:
Hermann Iding
Corporate Communications
Tel.:   +49 (0)441-21988-390

end of announcement                               euro adhoc 

company:     aleo solar AG
             Gewerbegebiet Nord, Marius-Eriksen-Straße 1
             D-17291 Prenzlau
phone:       +49(0)441 21988-0
FAX:         +49 (0)441 21988-69
sector:      Alternative energy
ISIN:        DE000A0JM634
indexes:     CDAX, Prime All Share, Technology All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
             Hamburg, Stuttgart, Düsseldorf, München 
language:   English

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