Press release BoxID: 268712 (aleo solar AG)
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aleo solar AG expands business in North America

(PresseBox) (Oldenburg/Prenzlau, ) aleo solar AG today announced the establishment of its wholly-owned subsidiary aleo solar North America Inc. to strengthen its presence in the North American photovoltaic market. The company is headquartered in Westminster, Colorado. Robert Schwarzinger, Executive Vice President, prepared aleo solar's North American market entry and coordinated the setup of the local sales organization. "North America offers outstanding potential for residential and commercial rooftop photovoltaic systems and PV power plants. As a German premium manufacturer, the USA's commitment to renewable energy sources offers us a first-class business environment," explains Schwarzinger.

By mid 2008, aleo solar had already entered into a successful partnership in Mexico with the DESMEX Group, a Mexican project developer and installer. DESMEX Group founder and director John von Frantzius comments: "Our flagship 175-kilowatt rooftop installation on a Walmart supermarket in Aguascalientes, a project we completed with our partner aleo solar, has demonstrated that photovoltaic systems are a worthwhile investment for covering one's own energy needs. Additionally, we have recently installed and commissioned a 200-kilowatt commercial rooftop aleo system in Mexico." The DESMEX Group is the primary partner for aleo solar within Mexico, and both companies are currently working on a survey of the optimum system solutions to suit a variety of climate zones in Mexico.

aleo solar exhibits at all key North American solar trade fairs, most recently in Buffalo (New York). Upcoming events include Intersolar North America in San Francisco in July and Solar Power 2009 in Anaheim, California in October - the largest US industry event of its kind. The Californian market in particular is of increasing interest to aleo solar: some 200 kilowatts of aleo modules have found their way onto residential and commercial Californian rooftops in recent weeks. "The Northeastern US is also an interesting region for us. Conditions for operating photovoltaic facilities are excellent in the states of New York and New Jersey: we're expecting a lot of growth here. Additionally, the Canadian province of Ontario has feed-in legislation based on the German model. Accordingly, the Northeast in particular offers solid opportunities as we expand distribution via our aleo power network," concludes Robert Schwarzinger.

aleo modules are UL certified in the US and Canada.

aleo solar AG

aleo solar AG produces and sells solar modules using silicon cells. It also provides complete solar systems to the global photovoltaic market. The company was founded in 2001 and has been listed in the Frankfurt Stock Exchange's Prime Standard since 2006 (DE000A0JM634). The aleo solar Group currently employs 735 staff. It's manufacturing facilities in Prenzlau (Germany) and two more production sites in Spain and China have an annual capacity of 250 megawatts. The company generated revenue of EUR 360.5 million in 2008.