aleo solar AG wins new orders in Germany worth over EUR 20 million

Roof-mounted installations in particular will be built because these receive the highest subsidies in Germany. aleo solar can significantly expand its current customer base of 200 specialist dealers and fitters in Germany. aleo solar AG’s total national order volume for 2007 is thus set to increase to approximately EUR 55 million.

Uwe Bögershausen, a member of aleo solar AG’s Management Board, is confident: “Business is extremely satisfactory. Q1 was very good for us: we increased revenue by 44.8% to EUR 37.2 million. Module prices are stable and the continued high demand – including for the newly launched premium module S_24 – clearly shows us that our quality modules are highly valued on our home market”.

Intersolar, Europe’s largest solar technology trade fair, closed its doors in Freiburg at the weekend and Heiner Willers, a member of aleo solar AG’s Management Board, is upbeat: “Intersolar has emerged as a key event in the solar industry, both nationally and internationally. Discussions with our fitters and specialist dealers have demonstrated that quality, excellent service and close cooperation through partnerships are valued and sought-after. aleo solar focuses on quality that comes at a price. Strong demand both in Germany and abroad confirms that this strategic approach is working”.

Germany remains the world leader in photovoltaic systems as far as annual newly installed output is concerned, so the fact that aleo solar AG has expanded its production capacity at the Prenzlau location to 180 megawatts makes good strategic sense.

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 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.

For additional information:

www.aleo-solar.com