aleo solar AG secures solar market share in excess of EUR 45 million in Spain for 2008
Prenzlau/Oldenburg (euro adhoc) -
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aleo solar AG has announced that several Spanish project developers have ordered aleo modules worth a total of over EUR 45 million. Their large-scale projects will mainly involve solar farms on open land, which attract high feed-in tariffs in Spain. The orders will enable aleo solar AG to expand its customer base, which already includes several large Spanish energy companies.
These orders are the result of the high demand for solar modules which will be triggered by the one-year grace period specified by the "Real Decreto 661/2007", which means that the old feed-in tariff regulations will only apply until September 29, 2008. "With these new orders, we´ve already secured a large portion of this market volume," said Christopher Dunne, international sales manager of aleo solar AG.
Since demand in both the international and domestic markets remains high, aleo solar decided in mid-2007 to significantly expand the production capacity at its site in Prenzlau, Germany, from 90 megawatts to 170 megawatts. This facility will be running at full capacity by autumn 2008. Together with the plant in Spain, the total production capacity of aleo solar AG will then amount to 180 megawatts.
Since early 2007, aleo solar AG has manufactured solar modules for the Spanish market at a production site near Barcelona which was designed for a total capacity of 10 megawatts and which will run at full capacity in 2008. "We produce modules exclusively for the Spanish market here," said Jakobus Smit, CEO of aleo solar AG. "Our strategy of positioning ourselves as a national market player through local production is paying off."
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
Index: CDAX, Prime All Share, Technologie All Share
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