During aleo solar’s Annual General Meeting (AGM), CEO, York zu Putlitz, reiterated the need for the German Government to make a definitive decision regarding proposed feed-in tarrif cuts so that companies could effectively plan ahead and minimize any negative impacts in the domestic market. Aleo’s zu Putlitz also said that the company had seen strong demand for modules in April and May, ahead of the German FiT cuts.
“We have experienced a very strong first quarter in 2010, and this strong revenue trend has continued through April and May,”noted zu Putlitz. “However, to avoid a slump in orders this summer, the German government must do its part and at last make a decision that will give us confidence to plan ahead.”
However, Chief Sales Officer, Norbert Schlesiger noted that the company would be focusing on other growth markets such as Italy, France and Greece. He also noted that the company had also entered the UK market, due to the attractive feed-in tariff.