Spanish solar "locomotive" picks up speed

aleo solar acquires more contracts worth over €30 million from
Spanish multi-megawatt project developers

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Prenzlau/Oldenburg (euro adhoc) - aleo solar AG is announcing new
large orders from Spain: aleo modules with a total value of a good
EUR30 million were ordered by several Spanish project developers.
They will be used primarily to build solar farms as facilities on
open land, which attract high feed-in tariffs in Spain. These
contracts from project developers allow aleo solar AG, which already
counts large Spanish utilities among its customers, to expand its
customer base significantly and have increased aleo solar AG´s total
international contract volume for 2007 to around EUR50 million.

aleo solar AG has been producing solar modules for the Spanish market
since the beginning of 2007 at a production facility near Barcelona
designed for a total capacity of 10 megawatts (MW). The new plant was
opened at the middle of May with a celebration attended by more than
200 guests. For Jakobus Smit, CEO of aleo solar AG, the
internationalisation strategy is paying off: "The combination of
high-quality technology and local presence, which is evidenced by our
plant in Santa María de Palautordera, is being rewarded by our
Spanish customers. We are now even switching over to a three shift
system, manufacturing exclusively for the Spanish market ".

Just a few weeks ago, the Spanish government ensured the future of
feed-in arrangements by agreeing a reform of the "Real Decreto
436/2004". "This signal was seen clearly by the market. Projects that
were placed on hold are now really starting up again and we are
registering strong demand far into the fourth quarter already",
explained Christopher Dunne, international sales manager at aleo
solar AG.

end of announcement euro adhoc 18.06.2007 07:21:00
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ots Originaltext: aleo solar AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Franz Nieper or Yvonne Meyer
Investor Relations, Legal & Compliance
Tel.: +49 441-21988-77
E-Mail: Invest@aleo-solar.de

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