aleo solar AG among the market leaders in Greece

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aleo solar today announced that it retained its strong position and tripled the number of modules delivered in the Greek market in 2010.

The German manufacturer intends to achieve the same growth rate in Greece in the current year as well. Delivery of a total of 20 megawatts has already been assured through framework agreements. According to the Greek industry association, Helapco, just under 150 megawatts of photovoltaic output were added to the grid in 2010.

Thanasis Sakkas, Head of Sales for aleo solar in Greece and Cyprus, links the company’s success to the comprehensive support it offers the customer: “We offer installers and project developers not only technical support but help with financial issues as well. The training we provide gives installers everything they need to know about setting up a photovoltaic system. Topics covered range from the approval process in Greece through to technical system layout and practical questions about the actual installation.”

Since photovoltaic roof systems have enjoyed stronger state funding since mid-2010, the market is now re-orienting itself from large greenfield systems to smaller rooftop systems. In this segment, aleo solar now has a market share of about 20 percent. Sakkas expects that the average size of aleo’s Greek systems – presently around the 100-kilowatt rated output mark – will decrease in the future. “Many installers in Greece lack experience in rooftop systems,” says Sakkas, “and this is an area we are focusing on with our training.” Norbert Schlesiger, Chief Sales Officer at aleo solar AG, adds: “The development of the Greek photovoltaic market has been a pleasant surprise and confirms the success of our internationalisation strategy. We are confident that our expertise in rooftop systems will enable us to continue the expansion of our business in Greece.”

The Company

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 aleo solar AG (DE000A0JM634), which was originally founded in 2001 and has been listed on the stock exchange since 2006. As a premium manufacturer with 878 employees, aleo solar maintains a strong global presence with subsidiaries active in all important photovoltaic markets. Its main plant in Prenzlau, Germany and two additional plants in Spain and China provide the aleo solar group with an annual production capacity of 250 megawatts, which will be increased to 390 MW by the end of 2011. In 2010, the company’s turnover amounted to € 553,5 million.

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