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

Prenzlau/Oldenburg (euro adhoc) -

  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
companies
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:
http://www.aleo-solar.de/referenzen/list-11.html
end of announcement                               euro adhoc

Further inquiry note:

Franz Nieper
Investor Relations, Legal & Compliance
Tel.: +49 (0)441-21988-770
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
Börse Hamburg / free trade
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