Sonntag, 23. Oktober 2016

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aleo solar AG signs new contracts in Italy

(lifePR) (Oldenburg/Treviso, ) aleo solar AG today announced that it is continuing to expand its business in Italy by signing two supply contracts for a total of 5,500 kilowatts with the Italian project developer ERIC Group S.p.a. ( Of this total, 500 kilowatts will be delivered this year, with the remaining 5,000 kilowatts to follow in 2009.

Giovanni Buogo, Sales Director of aleo solar Italia S.r.l., sees a continually positive development in Italy: "In the first six months of 2008, aleo solar has recorded a four-fold year-on-year increase in sales in Italy. Customers especially appreciate our expertise in rooftop installations."

Marcello Navanteri, Managing Director of the ERIC Group, explained why his company chose the aleo modules: "The modules' quality, reliability and yield is critically important to the success of our projects, as is the support and service provided by the local aleo solar subsidiary. We are looking for long-term relationships with our partners and we believe that we can best pursue this sustainable approach with aleo solar at our side."

The Italian feed-in law provides operators of photovoltaics systems with a sound basis for making investment decisions. The Management Board of aleo solar expects the market to show strong growth in 2009. aleo solar believes that it is well positioned through its Treviso office and continues to expand its customer base in Italy. The company has a broad sales presence throughout the country.

Über aleo solar AG

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 and is currently being expanded to 180 megawatts.

At the beginning of 2007, production also started in Santa María de Palautordera (Spain), with an annual capacity of 10 megawatts. The Company generated revenue of EUR 242.1 million in 2007. The aleo solar Group currently employs 623 staff. Since July 2006, aleo solar AG has been listed in the Frankfurt Stock Exchange's Prime Standard (DE000A0JM634). The Company's acquisition of a 19% 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. Since the beginning of 2008, aleo solar AG has also had a 50% equity interest in avim solar production Co. Ltd., a joint venture with Sunvim Group Co. Ltd. that is establishing a solar module production facility in China.

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