Aleo solar wins contracts worth EUR 12 million from Italian specialist dealers and fitters
Oldenburg/Prenzlau, Aug 6, 2007
http://www.finanznachrichten.de/nachrichten-2007-08/artikel-8753480.asp
Aleo solar AG can report new orders from Italy: A number of specialist dealers and fitters have placed orders for aleo modules totalling EUR 12 million. Roof-mounted installations up to 50 kW in particular will be completed, as they attract high feed-in tariffs in Italy. These contracts will allow Aleo solar AG to significantly expand its Italian customer base. They will increase Aleo solar AG´s total international order volume for 2007 to approx. EUR 60 million by the end of July. aleo solar has had a sales team in Italy since mid-2006. Simplified legislation was passed in Italy at the beginning of 2007. aleo´s sales team was expanded in April and its strong specialist dealer support was presented at the “Solarexpo” trade fair in Verona.
For Jakobus Smit, CEO of Aleo solar AG, the company´s internationalisation strategy is paying off: “Our customers appreciate the combination of high-quality technology and local presence that we have demonstrated by having our own Italian sales team. We are offering our partners certification as aleo specialist dealers, which has been very popular. Partners who are certified receive preferential treatment in our aleo power network.” A market for roof-mounted installations that is comparable with Germany´s is developing in Italy, where demand is particularly strong for solar power plants up to 50 kW. “Outstanding German product quality, our many years´ experience of roof-mounted installations and our strong specialist dealer support make aleo solar a sought-after partner in Italy. Italy represents our most important international market next to Spain,” explains Christopher Dunne, international sales manager at aleo solar AG.
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, making it one of the largest production plants for solar modules. At the beginning of 2007, production also started in Santa María de Palautordera (Spain), with an annual capacity of 10 MW. The Company generated revenue of EUR 130.4 million in 2006 with around 320 staff. Since July 2006, Aleo solar AG (DE000A0JM634) has been listed in the Frankfurt Stock Exchange´s Prime Standard. The Company´s acquisition of an equity interest in the Brandenburg-based technology enterprise Johanna Solar Technology GmbH has given it access to the promising future technique of thin-film technology.