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aleo solar signs partnership agreement with project developer on Sardinia

(PresseBox) (Oldenburg/Prenzlau, ) aleo solar AG today announced that it will supply the Arborea I project with 1,138 aleo S_18 type modules with a total output of 250 kilowatts as part of a cooperation agreement with the Italian project developer Sardasol S.r.l. and the Oldenburg-based IFE Eriksen AG project management company. aleo solar will also be supplying the inverters for the project, which is located in the province of Oristano. Construction of the rooftop installation on agricultural premises will begin as early as mid-July.

"We are delighted to see the cooperation agreement with these two highly competent companies, IFE Eriksen AG and Sardasol S.r.l., come to life in this way. Arborea I is one of the largest rooftop installations in Sardinia and will thus have a major impact here," comments Giovanni Buogo, director Sales at the Italian distributor aleo solar Italia S.r.l. "The rooftop installation will set the standards for subsequent projects, since our project plan includes renovations to the roofing and the architectural integration of the photovoltaic plant - thereby ensuring the highest feed-in subsidy in Italy," continues Sebastian Averdung, founder and Board member of Sardasol S.r.l.

Peter Forch, CEO of IFE Eriksen AG, also notes that "our cooperation with the premium module manufacturer and system distributor aleo solar and the Italian solar specialist Sardasol S.r.l. is focused strongly on results. The division of work is ideal: aleo solar delivers the components, Sardasol is developing the project and IFE Eriksen AG is supplying project financing." After successfully bringing their first project into operation, the partners to the cooperation agreement intend to implement further rooftop installations of a similar size in Sardinia.

About aleo solar AG

aleo solar AG produces and sells solar modules using silicon cells. It also provides whole solar systems to the global photvoltaic 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 735 staff. It's 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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