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aleo solar AG secures solar market share in excess of EUR 45 million in Spain for 2008

Prenzlau/Oldenburg (euro adhoc) -

  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
companies
aleo solar AG has announced that
several Spanish project developers have ordered aleo modules worth a 
total of over EUR 45 million. Their large-scale projects will mainly 
involve solar farms on open land, which attract high feed-in tariffs 
in Spain. The orders will enable aleo solar AG to expand its customer
base, which already includes several large Spanish energy companies.
These orders are the result of the high demand for solar modules 
which will be triggered by the one-year grace period specified by the
"Real Decreto 661/2007", which means that the old feed-in tariff 
regulations will only apply until September 29, 2008. "With these new
orders, we´ve already secured a large portion of this market volume,"
said Christopher Dunne, international sales manager of aleo solar AG.
Since demand in both the international and domestic markets remains 
high, aleo solar decided in mid-2007 to significantly expand the 
production capacity at its site in Prenzlau, Germany, from 90 
megawatts to 170 megawatts. This facility will be running at full 
capacity by autumn 2008. Together with the plant in Spain, the total 
production capacity of aleo solar AG will then amount to 180 
megawatts.
Since early 2007, aleo solar AG has manufactured solar modules for 
the Spanish market at a production site near Barcelona which was 
designed for a total capacity of 10 megawatts and which will run at 
full capacity in 2008. "We produce modules exclusively for the 
Spanish market here," said Jakobus Smit, CEO of aleo solar AG. "Our 
strategy of positioning ourselves as a national market player through
local production is paying off."
end of announcement                               euro adhoc

Further inquiry note:

Franz Nieper / Yvonne Meyer
Investor Relations, Legal & Compliance
Tel.: +49(0)441-21988-77
E-Mail: Invest@aleo-solar.de

Branche: Alternative energy
ISIN: DE000A0JM634
WKN: A0JM63
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
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