aleo solar enters into agreement with solar cell manufacturer China Sunergy

Total of 30 megawatts agreed plus an option for a further 10
megawatts

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Prenzlau/Oldenburg (euro adhoc) - aleo solar AG has entered into a
supply agreement with Chinese solar cell manufacturer China Sunergy
Co. Ltd. (Nasdaq: CSUN) for at least 30 megawatts by 2008. The price
for the first 10 megawatts to be delivered in the first half of 2008
has already been agreed. The price for the second delivery of 20
megawatts in the second half of 2008 will be decided by March 2008.
The agreement also includes an option for a further 10 megawatts.
Negotiations on this option will be completed by the end of June
2008. aleo solar will craft the solar cells into high-performance
solar modules. aleo solar has already purchased a significant number
of solar cells from China Sunergy in 2007 that have met aleo solar´s
high quality standards.

Jakobus Smit, CEO of aleo solar AG, is extremely pleased with the
supply agreement. "We are pleased to have won a focused solar cell
manufacturer in the shape of China Sunergy as our supplier. Our solar
modules are premium modules that were awarded top rating by the
German product testing foundation Stiftung Warentest last year.
Quality is the standard by which we also measure our suppliers. After
the in-depth evaluation of China Sunergy´s solar cells in 2006, we
have now decided to enter into a supply agreement that represents a
further element in our strategy for organic growth."

In addition to the supply agreement, both companies are aiming for a
long-term business relationship. Negotiations on this will be
completed by June 2008.

end of announcement euro adhoc 18.10.2007 06:57:42
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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 (0)441-21988-77
E-Mail: Invest@aleo-solar.de

Branche: Alternative energy
ISIN: DE000A0JM634
WKN: A0JM63
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