aleo solar AG has announced that it has exceeded the company’s sales target of €330 million for the year. They also stated that the targeted foreign share of 40% in total sales would also be surpassed.
Heiner Willers, member of aleo solar’s Management Board said, “Business will be brisk until the close of the year. And we are already in a position to forecast that this trend is likely to continue in 2009 even though the larger degression in the feed-in tariff, which is scheduled to kick in at the turn of the year, will be a challenge for all market participants in Germany. On the other hand, the fact that utility companies recently raised their prices for electricity to a considerable extent will help to bring about so-called grid parity — i.e. self-generated electricity is not more or less expensive than electricity purchased from a utility company — in our domestic market sooner rather than later.”
The company stated that it expects Germany to remain the leader of the PV industry in terms of installed output per annum and Jakobus Smit, Chairman of aleo solar’s Management Board stated, “We succeeded in compensating for the expected downturn in the Spanish market thanks to our strategy of focusing on the European rooftop systems business which, in our view, has tremendous potential.”