Press release BoxID: 319721 (aleo solar AG)
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aleo solar AG expands market leadership in Mexico

(PresseBox) (Oldenburg/Prenzlau, ) aleo solar AG today announced the signing of a supply contract with the Mexican installation company Grupo Desmex S.A. in January, further expanding its leading position in the Mexican photovoltaic market. The frame contract covers solar modules with a rated output of 5,000 KW, which are to be supplied by the end of the year.

aleo solar AG manages all of its business in the highlypromising North American markets via its subsidiary aleo solar North America, Inc., a company formed in the summer of last year. Executive Vice President Robert Schwarzinger, who prepared aleo solar's North American market entry and manages the future growth of its business in this market, commented: "Given that we already delivered two rooftop systems with a total output of 375 KW to the Desmex Group, expanding our partnership is a logical step. Our first project from this frame contract is rated at 1,000 KW, for which we will soon be supplying modules, inverters and a tracker mounting system."

The high yields of aleo plants currently installed in Mexico have clearly surpassed expectations. Last year, for instance, a 174 KW rooftop system in Aguascalientes produced 1,822 kilowatthours per kilowatt of rated output. The solar electricity is being used by the operator. "The plant's yields are about 20 percent higher than expected," said Desmex managing director John von Frantzius. "aleo modules enable us to offer our customers particularly profitable systems."

aleo solar AG has significantly expanded its presence in the North American photovoltaics market, coordinating business in the core markets of USA, Mexico and Canada from its sales headquarters in Westminster, Colorado.

aleo solar AG

aleo solar AG produces and sells solar modules using silicon cells. It also provides whole 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 748 staff. Its 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 375 million in 2009.