Ersol Thin Film GmbH, a subsidiary of ersol Solar Energy AG (ES6.F), has signed a contract with Ralos Vertriebs GmbH for the supply of about 40 megawatts (MW) of thin-film modules. Amorphous thin-film modules are to be supplied to the German solar distributor over a period of three years from 2008.
"In Ralos we have found a highly experienced photovoltaics partner who specialises, amongst other things, in large open spaces and roof systems. The ersol Group was already familiar with Ralos as a reliable and competent partner through major projects with ersol trading subsidiary aimex-solar GmbH. The signing of the contract marks a new dimension in our relationship," says Peter Schneidewind, Board Member of ersol Solar Energy AG responsible for the thin-film activities.
Further contracts related to thinfilm modules activities are in the offing, as ersol Thin Film GmbH is currently engaged in negotiations with potential customers, the company said.
Earlier this week, Bosch (ZEZ.F) announced that it has initiated a public takeover of Ersol at a price of €101 per share.
About Ralos
Ralos Vertriebs GmbH develops, plans and markets photovoltaics projects throughout Europe and is one of the leading systems houses in the complete photovoltaic plant sector. The company maintains numerous branches and subsidiaries in Germany, Austria and southern European countries such as Portugal, Italy and Spain.
About ersol
ersol Solar Energy AG produces and markets silicon-based photovoltaic products. The group comprises the segments Silicon, Wafers, Solar Cells and Modules. With sales of €160 million in financial year 2007, the Thuringia-based company is a leading players in the solar industry. The ersol Group currently has 1,000 employees.
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