Aleo Solar becomes only German module manufacturer with its own factory in Spain
New contracts in Spain worth €15 million and cell supply contract with Q-Cells until 2012
February 07, 2007
source: Aleo solar press release
http://www.aleo-solar.de/index.php/page_id/49/language/en/
Aleo Solar AG is launching production at its factory in Santa María de Palautordera, near Barcelona. The facility, with a total capacity of 10 MW, will handle production for the Spanish market. Jakobus Smit, member of the Management Board of aleo solar AG, commented: “Our internationalisation strategy uses a country-specific approach: we organise our local business using Spanish employees and a Spanish sales force, who know the customers and their financing partners.”
This calculation is paying off: following large orders by Gamesa and Endesa last December, aleo solar signed further contracts worth approx. €15 million for 2007 in January with Spanish project developers. “In this important foreign market we are perceived – and in demand – as a Spanish company with high German product quality,” said Heiner Willers, the other member of the Management Board. “We can deliver this as we have signed a contract for Spain lasting until 2012 with our supplier Q-Cells guaranteeing the supply of solar cells for our factory.”
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, 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 €106.9 million in 2005 with around 230 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.