aleo solar signs contracts in Germany worth more than EUR 25 million

Oldenburg, Prenzlau, (PresseBox) - aleo solar AG can already report firm orders for 2008 in Germany of more than EUR 25 million. The relevant contracts for aleo modules were signed with a number of dealers, fitters and solar technology specialists in December and will take effect in 2008.

Business is booming according to Norbert Schlesiger, Sales Manager for Germany. "There is strong demand for our premium modules, especially on the German market for roof-mounted installations. This is a very good start to 2008 for us. New orders for system components such as inverters and mounting systems are also up sharply", he said.

Heiner Willers, a member of aleo solar AG’s Management Board, says, "Quality is the top priority for us. We are able to guarantee this because we are responsible for production and sales, which means we control two links in the value chain. Demand is proving us right: We have over 300 fitters, specialist dealers and professional solar technology specialists as customers. In 2008, we will continue to expand our coverage in our national sales regions while growing our customer base."

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, which will be increased to 170 megawatts by the end of 2008. 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 with 555 employees. 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 start of 2008, aleo solar AG has also held a 50% interest in avim solar Co. Ltd., which is a joint venture with the Sunvim Group Co. Ltd. for the construction of a solar module production plant in China.

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