Now Karlskrona Solpark will grow further and become twice as big. It is Soltech's subsidiary, Swede Energy, that has started the construction of stages 3 and 4, where the company is the general contractor. Both stages have already been sold out with Skanska as the recipient of the entire stage 4 and the design work has now begun.
Swede Energy is the general contractor of Karlskrona Solpark and has previously built the park's first stages together with the municipal company Affärsverken. Now the park will double its size, which means that the park will have a total capacity of 2,400 kW, which corresponds to about 400 households' year-round consumption of electricity.
– We are both proud and happy to now start the construction to double Karlskrona Solpark's size and capacity. The solar park is located on a landfill, which has meant that we have had to use our unique installation system so as not to penetrate the ground under the facility in any way. As the landfill would not have been able to house either homes or other properties, it therefore feels extra good to let this area produce energy that is beneficial to the municipality and its inhabitants. We want to thank Affärsverken for its future thinking and good cooperation throughout the process, says Christoffer Caesar, CEO of Swede Energy.
Both stages 3 and 4 sold out
Karlskrona Solpark is a cooperative park where both private individuals and companies can buy in and take part in the green energy that the park produces. The interest in becoming a unit owner in stages 3 and 4 of Karlskrona Solpark has been great. It is now also clear that the construction group Skanska will be the sole owner of all shares in stage 4.
– That we are now continuing our investment in Karlskrona Solpark is very good. The interest has been high and the fact that a major national player such as Skanska has booked up for the entire stage 4 is proof that the solar park is attractive. It is clear that many have realized that Karlskrona has good conditions for solar energy and we look forward to now doubling the size of the solar park together with Swede Energy, says Robbert Prinselaar, product manager for solar energy at Affärsverken.
Advanced Soltech's subsidiary in China, has signed two orders with WuHu ChiLan Intelligent Technology Co. Ltd. and Hu Xinlei Plastic Technology Co. Ltd. The orders is for the installation of two solar energy plants of 0.8 megawatts (MW) and 0.75 megawatts (MW) and are estimated to generate annual revenues of approximately SEK 1.18 million, or approximately SEK 23.6 million during the agreement's 20-year term. The investment in the facilities, which will be owned by our wholly owned subsidiary, amounts to approximately SEK 8.65 million and construction is planned to start in the second quarter of 2021.
Advanced Soltechs CEO Max Metelius comments:
-We see strong demand for renewable energy in general and our offering in particular.
On April 20, Soltech Energy Sweden AB (publ) acquired 100 percent of the shares in Rams El AB with access on May 3, 2021. The company has sales of approximately SEK 70 million and 30 employees based in Angered. The plan now, together with Soltech, is to integrate solar energy into the product range and increase both sales and earnings. The acquisition means that the Soltech Group further strengthens its offering in electrical engineering and installation linked to solar energy, charging and storage. The acquisition of Rams El is financed entirely from its own cash and with newly issued Soltech shares. Rams El is expected to contribute approximately SEK 46 million in sales during 2021 (8 months) with a positive result.
Soltech has an offensive growth strategy with acquisitions in the solar, roof, facade and electrical engineering industries. Together, these companies will create synergy effects and build a strong group with cross-border expertise. As part of the growth strategy, Soltech has now acquired its second company in the electrical engineering industry, which will strengthen Soltech's positioning as a partner in electrification, solar energy and charging and storage infrastructure.
– We are very pleased to welcome Rams El to Soltech, which will be our second acquisition in the electrical engineering industry. It is a well-known company in a growing region whose corporate culture is permeated by long-termism and professionalism, something that is completely in line with our values. This means that we are even more equipped for an electrified future and to offer our customers a powerful solar energy group with the capacity to take responsibility for the entire value chain, says Stefan Ölander, CEO of Soltech Energy.
Established player in the Gothenburg area
Rams El was founded in 1993 and has since had a successful history and specializes in, among other things, electrical engineering, telecommunications and network installations and service work. The company's customers are found in both the public and private sectors, where the projects often consist of hospitals, industries, schools and commercial properties. Now the company is adding solar energy to its competencies when joining the Soltech Group.
– That we now become part of Soltech is something we look forward to. Soltech is the ultimate owner as the demand for expertise in solar technology grows daily. The fact that we can now add solar energy to our core business will create positive rings on the water, for both customers and employees but also in the industry. We are ready to take the step from being more of a traditional electrical engineering company to now also becoming a solar technology company and it is a very exciting journey that starts today, says Johan Adelbjer, CEO of Rams El.
Six of the Group's companies have together offered a project with a comprehensive guarantee that will be the Nordic region's largest façade-integrated solar energy plant of 3,500 m2. Lustgården Ädelmetallen AB in Jönköping ordered the facility with a total order value of SEK 12 million.
Soltech Energy's CEO Stefan Ölander comments:
– I am very proud of this deal as it demonstrates unique synergy effects between six of our companies and also the strength of the group. I am sure that more and more construction companies and property owners will want to minimize the number of contractors and get a complete guarantee by doing as Lustgården Ädelmetallen AB does now.
Facts about the project in Jönköping
The property is over 200 meters long and in total over 3500 m2 of facade will be covered by solar cells. Approximately 5,000 of Soltech's type-approved facade solar cells will transform the old industrial building, now clad in turquoise sheet metal, into a landmark in southern Sweden. The panels are complemented with "dummie glass" in the same color, which will make the property a magnificent glass cube. Construction will start during the second quarter with completion during the fourth quarter of 2021.
The following Soltech companies contribute with their expert competence:
Soltech Sales & Support and Swede Energy – The solar cell façade
Fasadsystem in Stenkullen – Support for the facade
Takrekond – New roof of 21,000 m2
Provector – Electrical installations
NP Gruppen – Sheet metal job
The competence that we possess together is unique, there is no other supplier on the market that in a contract can deliver a complete solution to the customer with one and the same interface. Not least from a guarantee perspective, is this interesting for customers, says Stefan Ölander.
Lustgården Ädelmetallen AB´'s CEO and owner Niclas Järvhammar, comments:
– It feels good to strengthen our environmental profile by working with sustainable and innovative solutions. Soltech's stylish and solar cell integrated glass facade will make our property unique and talked about. In addition, getting six different suppliers together under one quote is great and something we look at very positively.
Advanced Soltech's subsidiary in China has signed orders with ZhangZhou LaiFu Furniture Co. Ltd. and ZhangZhou YueYuan Food Co. Ltd. These apply to the installation of two solar energy plants of 0.8 and 0.43 megawatts (MW), respectively, and are estimated to generate annual revenues of approximately SEK 0.93 million, or approximately SEK 18.6 million during the agreements' 20-year term. The investments in the facilities, which will be owned by ASAB's subsidiaries, amount to approximately SEK 6.85 million. No subsidies are paid for these projects and construction is scheduled to start in the second quarter of 2021.
Advanced Soltech's CEO Max Metelius comments:
– We see a strong demand for green electricity in China and continue to bring in new customers of good quality. Today we are achieving good profitability in our projects without subsidies and our assessment is that the development for solar energy in China will be very strong for a long time to come.
In the motivation for the award in the eighth edition of the "Solar Energy Cup" it is mentioned, among other things, "The innovative business model that does not take up valuable land resources and the high reliability and quality that Advanced Soltech delivers in its installations" "Solar Energy Cup" was launched as early as 2012 and is an authority in the Chinese solar industry.
Advanced Soltechs CEO Max Metelius comments:
- Advanced Soltech is proud to contribute to the restructuring of China's energy supply in a green direction by using technologically advanced and secure solar energy installations.
Advanced Soltech's subsidiary in China, ASRE, has signed an order with Wuhu DingFeng Auto Parts Co. Ltd. The order concerns the installation of a solar energy facility of 1.2 megawatts (MW) and is expected to generate annual revenues of approximately SEK 0.98 million, or approximately SEK 19.65 million during the agreement's 20-year term. The investment in the facility, which will be owned by ASRE, amounts to approximately SEK 6.66 million and construction is scheduled to start in the fourth quarter of 2020.
Advanced Soltechs CEO Max Metelius comments:
- We are happy to present yet another good project with strong profitability completely without subsidies. We have an offer that is appreciated by the market and also contributes to benefit the climate.
About the China venture
in China ASAB operates through, its wholly owned local subsidiaries Advanced Soltech Renewable Energy (Hangzhou) Co. Ltd, ASRE and Longrui Solar Energy (Suqian) Co. Ltd. The business model consists of financing, installing, owning, and managing solar energy installations on customers' roofs in China. The customer does not pay for the plant, but instead undertakes to buy the electricity that the plant produces under a 20-year agreement. Current income comes from the sale of electricity to customers and from subsidies. The goal is to have an installed capacity of 1,000 megawatts (MW) by 2023, which is fully connected to the electricity grid by 2024.
ASAB is 50.85 % owned by Soltech Energy Sweden AB (publ), 48.85% by Soltech's Chinese partner, Advanced Solar Power Hangzhou Inc and 0.3% by several holders of preference shares.
Advanced Soltech's subsidiary in China, ASRE, has signed an order with Wuhu XinFeng Mineral Fiber Material Co Ltd. The order is for an installation of a solar energy plant of 1.2 megawatts (MW) and is estimated to generate annual revenues of approximately SEK 1.03 million, or approximately SEK 20.59 million during the agreement's 20-year term. The investment in the facility, which will be owned by ASRE, amounts to approximately SEK 6.85 million and construction is scheduled to start in the fourth quarter of 2020.
Advanced Soltech’s CEO, Max Metelius comments:
- Currently we have many ongoing negotiations with new customers which we continue to convert into good projects with high profitability completely without subsidies. Demand for our offering is solid and we believe that the market will be even stronger going forward, considering China's recently communicated new ambitious climate goals.
About the China venture
In China ASAB operates through, its wholly owned local subsidiaries Advanced Soltech Renewable Energy (Hangzhou) Co. Ltd, ASRE and Longrui Solar Energy (Suqian) Co. Ltd. The business model consists of financing, installing, owning and managing solar energy installations on customers' roofs in China. The customer does not pay for the plant, but instead undertakes to buy the electricity that the plant produces under a 20-year agreement. Current income comes from the sale of electricity to customers and from subsidies. The goal is to have an installed capacity of 1,000 megawatts (MW) by 2023, which is fully connected to the electricity grid by 2024. ASAB is 51% owned by Soltech Energy Sweden AB (publ) and 49% by Soltech's Chinese partner, Advanced Solar Power Hangzhou Inc.
Advanced Soltech's subsidiary in China, ASRE, has signed an order with WuHu YouJu Plastic Mold Co. Ltd., and an order with Anhui QianHong Household Products Co. Ltd. The orders concern the installation of a solar power plant of 0.8 megawatts (MW) and one of 0.4 megawatts (MW). They are estimated to provide a total annual revenue of approximately SEK 1.03 million, or approximately SEK 20.6 million during the agreements' 20-year term. The investments in the facilities, which will be owned by ASRE, amount to a total of apx. SEK 6.76 million and construction is scheduled to start in the fourth quarter of 2020.
Advanced Soltechs CEO Max Metelius comments:
– We see very strong demand for our offering, and we have a well functioning sales process that continues to deliver good projects to our portfolio of solar power projects. These projects show good profitability and are carried out completely without subsidies.
About the China venture
In China ASAB operates through, its wholly owned local subsidiaries Advanced Soltech Renewable Energy (Hangzhou) Co. Ltd, ASRE and Longrui Solar Energy (Suqian) Co. Ltd. The business model consists of financing, installing, owning and managing solar energy installations on customers' roofs in China. The customer does not pay for the plant, but instead undertakes to buy the electricity that the plant produces under a 20-year agreement. Current income comes from the sale of electricity to customers and from subsidies. The goal is to have an installed capacity of 1,000 megawatts (MW) by 2023, which is fully connected to the electricity grid by 2024. ASAB is 51% owned by Soltech Energy Sweden AB (publ) and 49% by Soltech's Chinese partner, Advanced Solar Power Hangzhou Inc.
Advanced Soltech's subsidiary in China, ASRE, has signed an order with WuHu HanLong Paper Co. Ltd. The order is for the installation of a solar energy plant of 1 megawatts (MW) and is estimated to generate annual revenues of approximately SEK 0.9 million, or apx. SEK 18.07 million during the agreement's 20-year term. The investment in the facility, which will be owned by ASRE, amounts to apx. SEK 6.14 million and construction is scheduled to start in the fourth quarter of 2020.
Advanced Soltechs CEO Max Metelius comments:
– Demand has returned with full force and our team in China continues to sign orders with new stable customers. This project shows good profitability and is carried out completely without subsidies.
About the China venture
In China ASAB operates through, its wholly owned local subsidiaries Advanced Soltech Renewable Energy (Hangzhou) Co. Ltd, ASRE and Longrui Solar Energy (Suqian) Co. Ltd. The business model consists of financing, installing, owning and managing solar energy installations on customers' roofs in China. The customer does not pay for the plant, but instead undertakes to buy the electricity that the plant produces under a 20-year agreement. Current income comes from the sale of electricity to customers and from subsidies. The goal is to have an installed capacity of 1,000 megawatts (MW) by 2023, which is fully connected to the electricity grid by 2024. ASAB is 51% owned by Soltech Energy Sweden AB (publ) and 49% by Soltech's Chinese partner, Advanced Solar Power Hangzhou Inc.