Solar

aleo solar AG Wins Contract in Spain

aleo solar AG has announced that it has won a contract from developer SOLARTIA. The company will supply the Spanish project developer with modules for a new solar farm in the Navarre province. This order is expected to generate sales worth nearly EUR 17 million (USD$25 million).

SOLARTIA also has the option of ordering another shipment of modules in 2008 worth nearly EUR 5 million (USD$7.3 million). The new Valdegón project in Torres del Río will be one of the largest solar farms to exclusively use modules from aleo solar AG. Upon completetion, the project will use more than 32,000 aleo modules and should be connected to the grid by September 2008. Construction will start in February. The aleo plant in Spain produces modules exclusively for the Spanish market.

“Our presence in the country has given us permanent access to the important Spanish market,” said Jakobus Smit, CEO of aleo solar AG. “The expansion of our cooperation with large Spanish customers shows how highly the quality of our products is valued.”