aleo solar AG

EANS-Adhoc: aleo solar AG
aleo solar AG closes plant in Spain

  ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
  adhoc with the aim of a Europe-wide distribution. The issuer is solely
  responsible for the content of this announcement.
Plant Closings


aleo solar AG (ISIN: DE000A0JM634) will close its plant in the Spanish village
of Santa Maria de Palautordera by the end of this year, at the latest. The
Supervisory Board of aleo solar AG has approved the corresponding decision of
the Management Board. Against the background of global overcapacity and ongoing
price war on the photovoltaic market, the primary corporate objective is to
utilise the capacity of 280 megawatts in Prenzlau.

The Spanish photovoltaic market, which had already collapsed in 2009, has come
to a complete standstill since the Moratorium for Renewable Energy Incentive
Programmes of January 2012. The plant in Spain has a production capacity of
about 20 megawatts. The closure of this location has no impact on the planned
sales volume and turnover of aleo solar AG. The 92 employees working at the
Santa Maria de Palautordera location will no longer be retained. The company
shall immediately approach the works council to negotiate a social compensation
plan for the employees.

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

end of announcement                               euro adhoc 

issuer:      aleo solar AG
             Marius-Eriksen-Straße 1
             D-17291 Prenzlau
phone:       +49(0)441 21988-0
FAX:         +49 (0)441 21988-690
sector:      Alternative energy
ISIN:        DE000A0JM634
indexes:     CDAX, Prime All Share, Technology All Share
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
             regulated dealing/prime standard: Frankfurt 
language:   English

Weitere Meldungen: aleo solar AG

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