aleo solar forecasts 2011 loss


Attributing the disappointing result to falling module prices and cell supply contracts, the company announced a 2011-projected loss of 25 to 30 million euros.

Addressing the issue of cell supply, aleo solar’s CEO York zu Putlitz said that cell supply agreements are now in line with module prices. "The prices that were fixed for the agreement running until 2019 are more in line with the market," he said.

In other news, Chief Sales Officer, Norbert Schlesiger, resigned from his post on the Management Board. He will not be immediately replaced.

aleo solar’s 2011 annual report is expected on 22 March, 2012.

Popular content

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact:


Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.