aleo solar AG wins another large contract in Spain
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aleo solar AG today announced that it has won another large contract from SOLARTIA. aleo solar will supply the Spanish project developer with modules for a new solar farm in the Navarre province. This order is expected to generate sales worth nearly EUR 17 million. Together with the orders reported in December, the total agreed volume of the Spanish project now amounts to nearly EUR 62 million. SOLARTIA also has the option of ordering another shipment of modules in 2008 worth nearly EUR 5 million.
The new Valdegón project in Torres del Río will be the largest solar farm to exclusively use modules from aleo solar AG. The planned photovoltaic power plant, with more than 32,000 aleo modules, will cover 200,000 square metres and should be connected to the grid by September 2008 at the latest. Construction will start in February. Energy from the Valdegón solar farm will supply over 2,200 households in sunny southern Europe, making it one of the largest photovoltaic installations in Spain.
In 2007, aleo supplied SOLARTIA with 24,000 modules for another solar farm in Viana. José Emilio Mendívil, managing director of SOLARTIA, explained that past experience with aleo solar is what prompted his company to place a follow-up order with the German solar specialist. "The premium modules from aleo solar have met our high demands since going into operation. We anticipate high energy yields throughout their entire lifecycle." Mendívil said this is why the companies are continuing their successful partnership.
The high-quality modules for the new Valdegón solar farm will be manufactured at the main aleo plant in Prenzlau, Germany, and in Santa María de Palautordera near Barcelona. aleo solar, the first German solar module manufacturer in Spain, has been producing modules in its own plant there since early 2007. "Our presence in the country has given us permanent access to the important Spanish market," said Jakobus Smit, CEO of aleo solar AG. "The expansion of our cooperation with large Spanish customers shows how highly the quality of our products is valued." The aleo plant in Spain produces modules exclusively for the Spanish market.
end of announcement euro adhoc
Further inquiry note:
Franz Nieper / Yvonne Meyer
Investor Relations, Legal & Compliance
Tel.: +49 (0)441-21988-77
E-Mail: Invest@aleo-solar.de
Branche: Alternative energy
ISIN: DE000A0JM634
WKN: A0JM63
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