Press release BoxID: 456480 (aleo solar AG)
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aleo solar AG celebrates 10-year anniversary: 1 gigawatt produced, 1,000 jobs created

(PresseBox) (Oldenburg / Prenzlau, ) aleo solar AG has reached a milestone almost exactly ten years after its formation: last week the total rated output of modules manufactured by aleo solar passed the one gigawatt mark - equivalent to the output of a nuclear power plant. The total power is spread across some five million solar modules.

S.M.D Solar-Manufaktur Deutschland GmbH & Co. KG - aleo solar's predecessor company - was registered in the Commercial Register on 18 October 2001. In December 2001 the first sod was turned at the Prenzlau factory, and in July 2002 module production commenced. The annual production capacity continually increased from the initial figure of 15 megawatts, reaching 390 megawatts at the end of 2011. More than 1,000 jobs were created at the three manufacturing facilities and nine sales offices throughout the world. "Thanks to its hands-on employees and a clear focus on market requirements, the small module maker has grown to become one of Europe's largest manufacturers of solar modules," says York zu Putlitz, CEO of aleo solar AG. "With our ten-year history, we are one of the more experienced players in what still is a young solar power industry. This means that our 1,500 customers worldwide benefit from our expertise in terms of product quality and customer advice." The Bosch Group became aleo solar's main shareholder about two years ago. The technology group's stake in aleo solar is a validation of the company's successful development.

The solar modules manufactured by aleo solar produce around one terawatt-hour of clean solar electricity per year, which is approximately equivalent to the electricity consumption of 285,000 three-person households. aleo modules also make an impressive contribution to climate protection: taking the German electricity mix as a basis for comparison, they prevent some 584,000 tonnes of carbon from being released into the atmosphere per year. Over a service life of 25 years - the length of the aleo solar performance guarantee - this amounts to more than 14 million tonnes of CO2.

aleo solar AG

aleo solar AG produces and distributes premium solar modules and systems for the international photovoltaic market. Since 2009, the Bosch Group has owned a majority of aleo solar AG (DE000A0JM634), which was originally founded in 2001 and has been listed on the stock exchange since 2006. As a premium manufacturer with 1005 employees, aleo solar maintains a strong global presence with subsidiaries active in all important photovoltaic markets. Its main plant in Prenzlau, Germany and two additional plants in Spain and China provide the aleo solar group with an annual production capacity of 390 megawatts by the end of 2011. In 2010, the company's turnover amounted to € 553,5 million.