aleo solar AG to supply Australia with solar modules

Oldenburg / Prenzlau, (PresseBox) - aleo solar AG today announced its entry into the highly promising Australian photovoltaics market. The first modules have already been delivered, with orders including polycrystalline solar modules for a school in the state of Victoria. A total of 24 aleo S_16 modules are shining from the roof of the German Rudolf-Steiner School building in Mansfield. The scope of the order includes inverters and the mounting system.

Remtron Automation, a Melbourne-based authorized aleo partner, completed the installation of the four-kilowatt rooftop project. "Our customers are showing great interest in German solar modules," comments Adrian Matthews, Remtron's Managing Director. "aleo solar offers outstanding quality, many years of experience in the rooftop systems business and is an excellent partner in terms of both service and marketing." Other installation projects are already underway.

As a sun-soaked continent, Australia offers excellent conditions for photovoltaic plants. Annual yields can reach 2,000 kilowatt-hours per kilowatt of rated output, which is about twice as much as in Germany. In August 2009, the Australian Government announced plans whereby at least 20 percent of its power needs should be sourced from renewable energies by 2020. The Government's launch of the "Solar Credits" scheme is part of this strategy and is aimed primarily at encouraging private households to install solar rooftop plants. Small installations in particular will receive excellent incentives. The Government aims to earmark some AUD 4 million for subsidy programs and major projects in this field.

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 709 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 360.5 million in 2008.

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