Aleo Solar has already signed contracts for more than 25 megawatts for 2009
Source: Aleo Solar AG Press Release/ 19 Dec 2008
http://www.aleo-solar.de/en-presse/
aleo-solar-has-already-signed-contracts-for-more-than-25-megawatts-for.html
Aleo Solar AG today announced that it has already signed contracts with a total volume of more than 25 megawatts in Europe. Agreements for the delivery of aleo modules were signed with a number of specialist dealers, installers and solar technology specialists in the European core markets. The customer base of aleo solar AG currently includes more than 400 specialist companies throughout Europe.
Heiner Willers, member of aleo solar’s Management Board, is in a confident mood: “We are already in a position to forecast that this trend is likely to continue in 2009 even though the larger degression in the feed-in tariff, which is scheduled to kick in at the turn of the year, will be a challenge for all market participants in Germany.” International demand continues to be strong. “Italy, Belgium, France, Greece, and the Czech Republic are developing very well,” Willers said. aleo solar has observed a shift towards smaller and medium-sized rooftop installations in Europe. Photovoltaic installations are also becoming increasingly attractive for safety-conscious investors. Further support for investments in solar electricity systems is provided in Germany by KfW Bank’s loan offerings.
Just a few days ago, aleo solar announced that it would surpass its 2008 sales target of EUR 330 million. aleo solar AG expects total sales for 2009 to be in excess of EUR 380 million, which is anticipated to go hand in hand with a solid EBIT margin.
The Company
aleo solar AG, with sales operations in Oldenburg (Lower Saxony) and manufacturing facilities in Prenzlau (Brandenburg), was formed in September 2001 and produces solar modules using silicon cells. Its facility in Prenzlau has an annual capacity of 90 megawatts and is currently being expanded to 180 megawatts. At the beginning of 2007, production also started in Santa María de Palautordera (Spain). The Company generated revenue of EUR 242.1 million in 2007.