Aleo Solar AG raises revenue forecast to €480 million

According to preliminary calculations, the company said revenue in the first six months of this year has already reached €277 million.

The positive development of business is especially due to the “extraordinary demand” triggered by the planned reduction in feed-in tariffs in Germany from mid-2010, it said. The company also registered strong demand in its other European core markets.

It said that it expects to continue on its trajectory of growth next year.