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05/28/2008 07:25 AM
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New Ersol Solar Contract Pushes Orders Above EUR 3B
SustainableBusiness.com News
Ersol Solar Energy AG (ES6.F) has signed a contract to supply and Aleo Solar AG (AS1.F) with 250 megawatts (MW) of crystalline silicon cells over the next 12 years.
With the addition of this order, Ersol said its order volume for solar cells is well over EUR 3 billion.
"We are pleased to have been able to acquire Aleo Solar as a new major customer for our solar cells. With the pricing in today's contract we believe that this puts our new customer in a position to be able to offer competitive products on the market," said Dr Claus Beneking, Ersol CEO, following the contract signing.
About Ersol
Ersol Solar Energy AG produces and markets silicon-based photovoltaic products. The group comprises the segments Silicon, Wafers, Solar Cells and Modules. The Thuringia-based company had sales of EUR 160 million in 2007.
Since early 2006 the company has been delivering a part of its solar cells for the production of solar modules to the joint venture Shanghai Electric Solar Energy Co. Ltd. (SESE) in which the ersol Group has a 35% holding. The sales of these and other photovoltaic modules are handled in part by the Modules business segment. In the future, this segment is expected to include the company's own module production, planned for 2009. ersol also develops silicon-saving thin-film technology in the Modules segment.
Website: http://www.ersol.de/en
