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aleo solar AG increases production capacity to 390 megawatts

(PresseBox) (Oldenburg/Prenzlau, ) 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."

About aleo solar AG

aleo solar AG produces and sells premium solar modules. 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 856 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 376 million in 2009.

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