Aleo Solar was founded in 2001 in Prenzlau as Solar-Manufaktur Deutschland (S.M.D) and were renamed Aleo Solar AG in 2005. After setting up their German manufacturing plant and production line, the company was listed in 2006 on the Frankfurt Stock Exchange. Home appliance company Bosch later took a majority stake in Aleo Solar AG.
In 2014 the company went into liquidation and the brand name “Aleo” and the production facility in Prenzlau, Germany were acquired by SCP Solar GmbH. Majority owner Robert Bosch injected €50 million to the sale to avoid any insolvency to Aleo Solar AG.
Since 2014 the emerging company (now named “Aleo Solar GmbH”) has kept their focus on producing high quality solar panels with their sole manufacturing plant remaining in Prenzlau Germany. The capacity of this plant of just under 500MW per year, means they are a small-scale producer compared to largest Chinese solar brands. The company now has offices in 9 countries across Europe and distribution channels across the world.
In 2020, Aleo’s HE-Tec series won awards by the German-based Plus X Award for ‘quality’, ‘ease of use’ and ‘functionality’.