aleo solar AG signs cell procurement agreement with ersol Solar Energy AG
Prenzlau/Oldenburg (euro adhoc) -
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aleo solar AG [ISIN: DE000A0JM634] today announced that it has signed a procurement agreement for solar cells with ersol Solar Energy AG (ISIN: DE0006627532). The contract, which runs from 2008 to the end of 2019, covers a volume of 253 megawatts. The agreement stipulates fair market prices, and initial deliveries will be made as early as this summer.
Heiner Willers, member of the Management Board of aleo solar AG, comments: "We know that ersol produces to a high standard of quality and reliability. We have made the conscious decision to seek partnership with quality suppliers. In ersol, we have added yet another company to our base of cell suppliers which shares our understanding of quality.
Dr. Claus Beneking, chairman of the Management Board of ersol Solar Energy AG, says: "By agreeing on fair market prices both partners act responsibly to ensure that they are able to offer their customers products at attractive prices."
Both domestically and internationally, aleo solar AG is systematically pursuing its growth targets. Currently, production capacities are being expanded from 100 to 180 megawatts by the end of 2008.
end of announcement euro adhoc
Further inquiry note:
Franz Nieper / Yvonne Meyer
Investor Relations, Legal & Compliance
Tel.: +49 (0)441-21988-770
E-Mail: Invest@aleo-solar.de
Branche: Alternative energy
ISIN: DE000A0JM634
WKN: A0JM63
Index: CDAX, Prime All Share, Technologie All Share
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