A representative at UniCredit Leasing (UCL) has announced that Alex Solar, a vertically integrated solar product manufacturer and PV system solution provider, is bankable by UniCredit Leasing. “Following the positive finalization of both the Fraunhofer ISE technical assessment and of our internal assessment, we are glad to inform you that we are ready to continue financing projects with Alex Solar modules,” says Ms. Apostol-Siegl of UCL in a letter to Alex Solar, ” (the project selection) is based on case by case evaluation of individual projects…and the financed modules must be in the power range certified by TÜV Rheinland, VDE or ICIM S.p.A. according to IEC61215.”

The announcement comes just in time as Alex Solar continues to expand aggressively in Europe, securing projects ranging from 1 to 30 MW across the territory. Additionally, the company has entered into several strategic partnerships such as with Rohlig Logistics and Tigo Energy to further strengthen its competitive advantages. The partnership with Rohlig has strengthened Alex Solars committment to its customers by offering expedited delivery service within Europe on in-stock product. The Tigo Energy partnership offers a variety in Alex Solars product mix giving customers the option to choose a module type with optimized power efficiency. These partnerships combined with UCL financing are part of Alex Solar��s tactical moves to solidify its position in the market. Other European banks already financing Alex Solar projects include Hypovereinsbank, DZ Bank, Sparkassen, among others.


Alex Solar is a high-tech enterprise engaged in the research and development, manufacture, sales, and technical support of crystalline silicon solar modules and solar cells, photovoltaic application systems, and other relevant solar products. The company has several projects in Europe, Australia, and Asia and complies with territory regulations having obtained certifications such as OHSAS, ISO, IEC, RINA, TÜV, UL, CE, MCS, CEC, and PV CYCLE. Alex Solar currently has a vertically integrated annual production capacity of 600 MW.


UniCredit Leasing Austria is a subsidiary of UniCredit Leasing SpA, headquartered in Milan which, together with the Austrian subsidiary, is a network that oversees the leasing activities of 17 European countries. As universal leasing providers, UniCredit Leasing has an extensive range of products, ranging from real estate, equipment and vehicle leasing, cross-border leasing and sales financing to municipal leasing. Its business includes project and special financing – tailored leasing models both for sales partners and end users. Additional services such as property appraisal, fleet management, insurance services and claims processing are also capabilities of UniCredit Leasing, thus making the company a competent partner in all matters.


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