aleo solar AG signs cell procurement agreement with Q-Cells AG11.03.2008 | Press
aleo solar AG [ISIN: DE000A0JM634] today announced that it has signed a procurement agreement for solar cells with Q-Cells AG (QCE; WKN 555866).
This contract, which runs from 2008 to the end of 2019, covers a volume of at least 1,270 megawatts, with an option to expand up to a total volume of 2,270 megawatts. There will be no industry-typical advance payments; pricing is oriented on market trends.
aleo solar AG is significantly expanding its business relations with Q-Cells AG. "We are producing more and more modules in more and more countries at a consistently high premium quality," says Heiner Willers, member of the Management Board of aleo solar AG. "We can do this because we have the necessary production expertise and pay attention to a select quality in our materials. With Q-Cells, we have the world's largest solar cell manufacturer on board. Our previous experience with Q-Cells has been excellent. We are now continuing this high-quality partnership."
Both domestically and internationally, aleo solar AG is systematically pursuing its growth targets. Currently, production capacities are being expanded from 100 to 180 megawatts by the end of 2008. "We continue to believe in quality, a strong brand and absolute customer focus in sales. With a strong partner at our side, we are creating the foundation for the sustainable pursuit of our ambitious, growth-oriented goals," says Jakobus Smit, CEO of aleo solar AG.
aleo solar AG produces and distributes premium solar modules and systems for the international photovoltaic market. Since 2009, the Bosch Group has owned a majority of the company (DE000A0JM634), which was originally founded in 2001 and has been listed on the stock exchange since 2006. The premium manufacturer currently has approximately 900 employees and is represented in the key photovoltaic markets all over the world. The aleo solar group has an annual production capacity of 280 megawatts at its plant in Prenzlau, Germany. The company generated a turnover of € 279.9 million in 2012.
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