EANS-News: aleo solar AG / aleo solar AG steps up presence in Greece

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Prenzlau/Oldenburg (euro adhoc) - aleo solar AG today announced that
it will open a sales office in Athens in April 2009 to prepare the
company for a significant increase in photovoltaic installations in
Greece. "During the last 18 months, our sales manager for Greece has
been highly successful in positioning the 'aleo' brand within the
emerging Greek photovoltaic market," said Jakobus Smit, CEO of aleo
solar AG. "The core elements of our philosophy are quality, service
and added value. It is a philosophy that is valued by our aleo
partners in Greece."

Solar power plants with an output of around 20 to 25 megawatts were
installed on the Greek mainland and its islands during the previous
year. This translates into a market share of some 15 percent for aleo
solar AG. With a long list of projects in hand - some already
approved - aleo solar expects a multiplication of the market volume
this year and is preparing to further improve its already strong
position. Christopher Dunne, Director of Market Development, added:
"Our close cooperation with leading Greek project developers, the
support of banks involved in project financing and an understanding
of the way in which authorities and utilities work together has
enabled us to become a well-known player in this young market."

The Greek photovoltaic market is based on two main pillars: the
greenfield and the rooftop installation market. One of the largest
greenfield installations was built in the Greek municipality of
Thebes (50 km north of Athens), utilizing two megawatts of aleo S_03
modules. This project is being financed by LBBW (Landesbank
Baden-Württemberg). The market for rooftop installations is also
gaining momentum: for 2009, a special subsidy program with a volume
of 750 megawatts was introduced for rooftop installations. aleo solar
AG has a long track record of expertise in this market segment. As a
result of the superb conditions created by Greek feed-in legislation,
project developers, installers and specialist dealers will be driving
considerable expansion in this area.

From 3 - 6 April, aleo solar AG will be exhibiting for the third time
in a row at the "Ecotec" trade fair in Athens (Stand: Hall 4/G1). Our
website provides general visual material as well as information on
reference projects in Greece:

http://www.aleo-solar.de/referenzen/list-11.html

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

Further inquiry note:

Franz Nieper

Investor Relations, Legal & Compliance

Tel.: +49 (0)441-21988-770

E-Mail: Invest@aleo-solar.de

Branche: Alternative energy
ISIN: DE000A0JM634
WKN: A0JM63
Index: CDAX, Prime All Share, Technologie All Share
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