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

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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."

Further inquiry note:
Dr. Hermann Iding
Head of Corporate Communications
Tel.: +49 (0)441-21988-390
E-Mail: [email protected]
end of announcement euro adhoc
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company: aleo solar AG
Gewerbegebiet Nord, Krummer Weg 1
D-17291 Prenzlau
phone: +49(0)441 21988-0
FAX: +49 (0)441 21988-69
mail: [email protected]
WWW: http://www.aleo-solar.de
sector: Alternative energy
ISIN: DE000A0JM634
indexes: CDAX, Prime All Share, Technology All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, München
language: English

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