EANS-News: aleo solar AG / aleo solar AG increases production capacity to 390 megawatts

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Company Information

Prenzlau (euro adhoc) - aleo solar AG (ISIN: DE000A0JM634) today
announced that it will increase the total annual production capacity
of its three factories from 250 megawatts (MW) to 390 MW by the end
of the coming year. Around EUR 20 million is being invested in the
expansion, which will create a total of 100 new jobs.

This expansion ensures that aleo solar AG will maintain its status as
one of Europe's leading module manufacturers. "By expanding at two of
our sites, we are pushing forward with our sustainable growth
strategy," comments York zu Putlitz, CEO of aleo solar AG. "aleo
solar's future capacity will be around two million solar modules a
year." To put this in perspective: This equals the volume produced by
aleo solar in its first eight years as a company.

In order to increase capacity from 180 MW to 280 MW by the end of the
coming year, the main factory at Prenzlau will be modernising its
oldest production line, "aleo I". This was the line with which the
company started solar module manufacturing back in 2002. Capacity
will also be increased by improving production efficiency and by
utilising solar cells with a higher output rating. The avim solar
production Co. Ltd. joint venture, based in Gaomi, China, will lift
production capacity to 90 MW from the present 50 MW, while the
Spanish plant at Santa Maria de Palautordera will maintain its
current capacity of 20 MW.

For just under a year, aleo solar has been operating in multiple
shifts to manufacture at full capacity. "This shows just how urgently
we need to expand," comments Chief Technical and Development Officer
Dr. Jens Sabotke. "We have optimised process control and improved
efficiency to the point where our output already exceeds our nominal
capacity."

end of announcement euro adhoc
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ots Originaltext: aleo solar AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Dr. Hermann Iding

Head of Corporate Communications

Tel.: +49 (0)441-21988-390

E-Mail: Invest@aleo-solar.de

Branche: Alternative energy
ISIN: DE000A0JM634
WKN: A0JM63
Index: CDAX, Prime All Share, Technology All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade