ERSOL signs solar cell supply contract with new major customer aleo solar
• Long-term supply contract with volume of about 250 MWp
• ersol to deliver crystalline silicon solar cells to aleo solar from 2008 to 2019
Erfurt, 27 May 2008
Source: Ersol Solar Energy AG press release
http://www.ersol.de/en/newsmediarelations/pressreleases/pressrelease/
news/1211822474/?tx_ttnews%5BbackPid%5D=514&cHash=9ae645b96b
ersol Solar Energy AG (ersol) today concluded a cell supply contract with aleo solar AG (aleo solar). The contract volume amounts to about 250 MWp. Crystalline silicon solar cells are to be supplied to Prenzlau module producer aleo solar over a period of 12 years starting in 2008. The conclusion of this latest contract marked an increase in ersol’s order volume for solar cells to well over € 3 billion.
“We are pleased to have been able to acquire aleo solar as a new major customer for our solar cells. With the pricing in today’s contract we believe that this puts our new customer in a position to be able to offer competitive products on the market,” said Dr Claus Beneking, ersol CEO, following the contract signing. “With ersol as a cell supplier we are above
all building on a quality partnership. We value ersol’s high-quality, high performance crystalline solar cells, with which we will now be equipping our modules,” said Heinz Willers, COO at aleo solar AG.
About ersol
ersol Solar Energy AG produces and markets high-quality silicon-based photovoltaic products. The Group comprises the segments Silicon, Wafers, Solar Cells and Modules. With sales of € 160 million in financial year 2007, the Thuringia-based Company is one of the leading players in the solar industry. Listed since 30 September 2005 on the Prime Standard of the Frankfurt Stock Exchange, the young ersol share had already been added to the TecDAX on 19 December 2005. Currently the ersol Group has more than 900 employees.
The Company’s main goal is to establish itself even more strongly as a manufacturer of high quality silicon solar cells and to account for a disproportionate slice of the anticipated growth in the photovoltaic industry. To achieve this, ersol currently focuses on technologically demanding stages of the value chain for photovoltaic plants, and in particular on the production of wafers and solar cells.