The order is divided into two phases where 7.5 MW is built in the first phase and 3.5 MW in the second. When 11 MW is built and connected to the grid, the plant is estimated to produce approximately 12,760,000 kWh annually, which for 20 years will be sold directly to the electricity grid. The investment in the 11 MW plant, which will be owned by ASRE, amounts to approximately SEK 50.6 million and construction is scheduled to start in the fourth quarter of 2020.
Advanced Soltech's CEO Max Metelius comments:
– We are happy and proud of this very large deal which is our second largest to date. In terms of size, this roof-based facility of 11 MW can be compared with Sweden's largest solar park in Linköping, which is ground-based and will be 12 MW. In this project, we sell the electricity produced directly to the local grid company, which provides extremely low counterparty risk and good profitability. Despite the Corona crisis, we see strong demand for our offering in China and we are optimistic about future business opportunities.
For more information contact:
Stefan Ölander, CEO Soltech Energy Sweden AB (publ) Tel: 070-739 80 00. E-mail: stefan.olander@soltechenergy.com or Max Metelius, CEO Advanced Soltech Sweden AB (publ) Tel: 072- 316 04 44. Email: max.metelius@advancedsoltech.com
The information in this press release is such that Soltech Energy Sweden AB (publ) must publish in accordance with EU regulation no. 596/2014 on market abuse. The information was provided by the above contact person for publication on July 27, 2020 at 07:30 CET.
About Soltech Energy Sweden AB (publ)
Soltech is a complete supplier that develops, sells, installs and optimizes solar energy solutions for our customers' needs. The group includes the subsidiaries Advanced Soltech Sweden AB (publ) where the Chinese investment is conducted, Soltech Sales & Support, NP-Gruppen, Swede Energy Power Solutions, Merasol, Soldags, Takorama and Fasadsystem. Soltech Energy Sweden AB (publ), is traded on the Nasdaq First North Growth Market under the short name SOLT and has approximately 34,000 shareholders. The company's Certified Adviser is Erik Penser Bank. Phone: 08-463 83 00. Email: certifiedadviser@penser.se. For more information see: www.soltechenergy.com
About the China venture
Soltech Energy's investment in China is conducted in Advanced Soltech Renewable Energy (Hangzhou) Co. Ltd, ASRE, its wholly owned local subsidiaries and in 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 various forms of subsidies per kilowatt hour (kWh) of solar produced. 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. ASRE and Longrui Solar Energy (Suqian) Co. Ltd. are wholly owned subsidiaries of Advanced Soltech Sweden AB (publ). ASAB is 51% owned by Soltech Energy Sweden AB (publ) and 49% by Soltech's Chinese partner, Advanced Solar Power Hangzhou Inc.
The plant is estimated to produce approximately 446,250 kWh annually and the customer buys the electricity that the plant produces for 20 years. The investment in the facility, which will continue to be owned by ASRE, amounts to approximately SEK 2.4 million and construction is scheduled to start in the fourth quarter, 2020.
The total installed solar energy capacity in China now amounts to 143 megawatts (MW). This corresponds to approximately 1,430,000 square meters of roof or approximately 204 soccer pitches. The energy produced each year corresponds to the electricity consumption in approximately 9,000 Swedish villas.
Advanced Soltech's CEO Max Metelius comments:
– We are noticing an increase in activity in China despite the Corona crisis and we are optimistic about future business opportunities. This order is the second phase in an already existing installation, which proves that customers are happy to increase their investment in solar energy when they see the positive effects and that ASRE can also increase its installed solar energy capacity through additional sales to existing customers.
For more information contact:
Stefan Ölander, CEO Soltech Energy Sweden AB (publ) Tel: 070-739 80 00. E-mail: stefan.olander@soltechenergy.com or Max Metelius, CEO Advanced Soltech Sweden AB Tel: 072-316 04 44. E-mail : max.metelius@advancedsoltech.com
The information in this press release is such that Soltech Energy Sweden AB (publ) must publish in accordance with EU regulation no. 596/2014 on market abuse. The information was provided by the above contact person for publication on July 20, 2020 at 07:30 CET.
About Soltech Energy Sweden AB (publ)
Soltech is a complete supplier that develops, sells, installs and optimizes solar energy solutions for our customers' needs. The group includes the subsidiaries Advanced Soltech Sweden AB (publ) where the Chinese investment is conducted, Soltech Sales & Support, NP-Gruppen, Swede Energy Power Solutions, Merasol, Soldags, Takorama and Fasadsystem. Soltech Energy Sweden AB (publ), is traded on Nasdaq First North Growth Market under the short name SOLT and has approximately 34,000 shareholders. The company's Certified Adviser is Erik Penser Bank. Phone: 08-463 83 00. Email: certifiedadviser@penser.se. For more information see: www.soltechenergy.com
About the China venture
Soltech Energy's investment in China is conducted in Advanced Soltech Renewable Energy (Hangzhou) Co. Ltd, ASRE, its wholly owned local subsidiaries and in 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 various forms of subsidies per kilowatt hour (kWh) of solar produced. 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.
ASRE and Longrui Solar Energy (Suqian) Co. Ltd. are wholly owned subsidiaries of Advanced Soltech Sweden AB (publ). ASAB is 51% owned by Soltech Energy Sweden AB (publ) and 49% by Soltech's Chinese partner, Advanced Solar Power Hangzhou Inc.
Examples of deals taken or agreements taken are the following:
Swede Energy has signed a framework agreement with Bergendahl Food, which consists of supplying warehouse properties and City Gross stores with green electricity from solar cells. This is part of City Gross' sustainability work. During the autumn of 2020, we will, together with the property owners, evaluate which properties are most suitable for installing solar energy. The photovoltaic systems are estimated to be 255 kWh and produce approximately 220,000 kWh per store and year.
In addition to this, for example, repeat customers such as Castellum, Catena, HSB, Willhem and Bostadsaktiebolaget Vätterhem have bought photovoltaic systems. The AMO Group and the Church of Sweden are new customers who will be welcomed by Swede Energy during the first half of 2020.
Soltech's CEO, Stefan Ölander in a comment:
– Swede Energy's success continues at a rapid pace. These deals and agreements are proof of our group's ability to do big business even though we are in the middle of the Covid-19 pandemic.
For more information contact:
Stefan Ölander, CEO Soltech Energy Sweden AB (publ) Tel: 070-739 80 00. Email: stefan.olander@soltechenergy.com
The information in this press release is such that Soltech Energy Sweden AB (publ) must publish in accordance with EU regulation no. 596/2014 on market abuse. The information was provided by the above contact person for publication on 15 July 2020 at 10.15 CET.
About Soltech Energy Sweden AB (publ)
Soltech is a complete supplier that develops, sells, installs and optimizes solar energy solutions for our customers' needs. The group includes the subsidiaries Advanced Soltech Sweden AB (publ) where the Chinese investment is conducted, Soltech Sales & Support, NP-Gruppen, Swede Energy Power Solutions, Merasol, Soldags, Takorama and Fasadsystem. Soltech Energy Sweden AB (publ), is traded on the Nasdaq First North Growth Market under the short name SOLT and has approximately 34,000 shareholders. The company's Certified Adviser is Erik Penser Bank. Phone: 08-463 83 00. Email: certifiedadviser@penser.se. For more information see: www.soltechenergy.com
Determination of income statement and balance sheet
The Annual General Meeting adopted the income statement and balance sheet for the Parent Company as well as the consolidated income statement and consolidated balance sheet for the financial year 2019.
Appropriation
The Annual General Meeting resolved that no dividend be paid for the financial year 2019 and that the accumulated profit, SEK 239,632,234, is transferred in a new account as stated in the Board of Directors' Report.
Board of Directors and CEO
The Annual General Meeting granted discharge to the Board members and the CEO for the 2019 fiscal year.
The AGM re-elected members Göran Starkebo, Ninna Engberg, Stefan Ölander and Frederic Telander. Anna Kinberg Batra was elected Chairman of the Board.
Accountants
The Annual General Meeting resolved to re-elect the registered audit firm PwC with the authorized auditor Claes Sjödin as auditor in charge.
Board fees and auditor fees
The Annual General Meeting resolved that Board fees should be paid with SEK 300,000 to the Chairman of the Board and SEK 150,000 each to other Board members who are not employed by the Group. Auditor's fees shall be paid in accordance with current approved invoices.
Other proposals and decisions
The AGM resolved to approve the Board's proposal in accordance with the notice of:
– Renewed authorization to decide on a new issue of shares and / or convertibles and / or warrants.
For further information contact:
Stefan Ölander, CEO Tel no: 070 739 80 00 or E-mail: stefan.olander@soltechenergy.com or Anna Kinberg Batra, Chairman of the Board E-mail: anna.kinberg.batra@soltechenergy.com More information is available at www.soltechenergy. com.
About Soltech Energy Sweden AB (publ)
Soltech is a comprehensive supplier that develops, sells, installs and optimizes solar energy solutions for our customers' needs. The Group includes the subsidiaries Advanced Soltech Sweden AB (publ) where the Chinese venture is conducted, Soltech Sales & Support, NP Group, Swede Energy Power Solutions, MeraSol, Soldags, Takorama and Facade Systems. Soltech Energy Sweden AB (publ), is traded on the Nasdaq First North Growth Market under the short name SOLT and has approximately 33,000 shareholders. The company's Certified Adviser is Erik Penser Bank. Phone: 08-463 83 00. Email: certifiedadviser@penser.se. For more information see: www.soltechenergy.com
The agreement is expected to be fully extended and without contributions from either the provincial or central government will generate annual revenue of just over SEK 31 million. This corresponds to an annual return on invested capital of about 15%, which again shows that ASAB / ASRE does not depend on contributions to achieve good profitability.
In connection with the conclusion of the agreement, it was decided that ASRE will build 6 MW during 2020. The plants are expected to produce approximately 1.1 kWh per installed watt and year and are wholly owned by ASRE. The customer undertakes, for 20 years for each plant, to purchase the electricity produced.
Soltech Energy ́s CEO, Stefan Ölander in a comment:
- We are very pleased that the market in China is again open to large business after the worst period of the Corona pandemic. In the spring of 2019, we signed a cooperation agreement in another city and with another local government, the Jiangsu Province, of 500 MW of solar energy capacity. This is our second agreement in the province where we now consolidate our position. In addition to the new agreement, we have connected additional capacity to the grid and have now passed 140 MW of installed and revenue-generating capacity and have another 7.5 MW of new solar energy capacity under construction.
For more information contact:
Stefan Ölander, CEO Soltech Energy Sweden AB (publ) Tel: 070-739 80 00. E-mail: stefan.olander@soltechenergy.com
The information in this press release is such that Soltech Energy Sweden AB (publ) is to publish in accordance with EU Regulation No 596/2014 on market abuse. The information was provided through the above contact person's publication for publication on June 5, 2020 at. 07:30 CET.
About Soltech Energy Sweden AB (publ)
Soltech Energy is a comprehensive supplier that develops, sells, installs and optimizes solar energy solutions for our customers' needs. The group includes the subsidiaries Advanced Soltech Sweden AB (publ) where the Chinese venture is conducted, Soltech Sales & Support, NP-Group, Swede Energy Power Solutions, Merasol, Soldags, Takorama and Fasadsystem. Soltech Energy Sweden AB (publ), is traded on the Nasdaq First North Growth Market under the short name SOLT and has approximately 33,000 shareholders. The company's Certified Adviser is Erik Penser Bank. Phone: 08-463 83 00. Email: certifiedadviser@penser.se. For more information see: www.soltechenergy.com
Advanced SolTech Sweden AB (publ) – ASAB
In order to continuously finance investments in China, the Soltech Group's parent company and its partner in China, Advanced Solar Power Hangzhou Inc., formed ASAB. ASAB's operations consist of financing solar energy facilities in China that are owned and continuously maintained by ASRE, ASRE SUQIAN and / or its wholly owned local subsidiaries through lending and / or through direct investments in group companies. As collateral for borrowed funds, collateral is obtained in underlying assets (solar power plants and accounts receivable). The Company's Certified Adviser is FNCA, Tel: 08-528 00 399 Email: info@fnca.se More info at www.advancedsoltech.com
About the China venture
Soltech Energy's investment in China is conducted in Advanced SolTech Renewable Energy (Hangzhou) Co. Ltd., ASRE, its wholly owned local subsidiaries 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 commits to purchase the electricity that the plant produces during a 20- year agreement. Ongoing revenue comes from sales of electricity to customers and from various forms of grants per produced kilowatt hour (kWh) of solar energy. The goal is to have an installed capacity of 1,000 megawatts (MW) fully connected to the electricity grid in 2024 by 2023.
ASRE and Longrui Solar Energy (Suqian) Co. Ltd. are wholly owned subsidiaries of Advanced Soltech Sweden AB (publ). ASAB is 51% owned by Soltech Energy Sweden AB (publ) and 49% by Soltech's Chinese partner, Advanced Solar Power Hangzhou Inc.
Despite the global economic situation due to the Covid-19 pandemic, the subsidiaries have so far delivered a stable and good order intake during spring. In addition, four new acquisitions in Sweden have been completed since January and negotiations are ongoing with potential new candidates. All employees in the Group work hard to deliver quality to our customers, contributing to society achieving the climate goals and to give Soltech's approximately 33,000 shareholders a good return on their investment.
These mentioned customers have placed orders worth over SEK 80 million during spring with Soltech's subsidiaries:
Skanska Sweden AB, Swedish Exhibition Center, Swedish Church, Halmstad Municipality, Swedish Housing, School Properties in Stockholm / SISAB, Trosa Housing / TROBO, Stockholmshem, Takclean, Gårö Plåt products AB, Chalmersfastigheter in Gothenburg, Vingåkers Municipality, Skillingaryd-Vaggeryd Bostads AB, Bravida Prenad AB, Halmstad Energi & Miljö, Tiarps Gård, Hakarps Församling, Johansson and Rehn bouw AB, Lerums Energi, M-bygg Väst AB and JiangSu Danyi Textile Technology.
CEO Stefan Ölander in a comment:
– Our subsidiaries are doing a fantastic job in the midst of the Covid-19 crisis with an order intake in April-May of over SEK 80 million. All transactions are planned for delivery in 2020 * and are within the respective company's budget and current business areas. The list of customers undoubtedly represents a broad contact area that creates good conditions for further business and gives us strength in the future.
* This does not apply to Advanced Soltech's order in China from JiangSu Danyi Textile Technology of SEK 30.4 million, which is a 20-year agreement according to the current business model.
For more information contact: Stefan Ölander, CEO Soltech Energy Sweden AB (publ) Tel: 070-739 80 00.
E-mail: stefan.olander@soltechenergy.com
The information in this press release is such that Soltech Energy Sweden AB (publ) is to publish in accordance with EU Regulation No 596/2014 on market abuse. The information was provided through the above contact person's publication for publication on May 27, 2020 at. 13.00 CET.
The venue for the meeting is: Hotel BirgerJarl, Tulegatan 8, Stockholm
Registration starts at 16:30
Right to participate and register
Shareholders who wish to attend the AGM shall
• be entered in the share register kept by Euroclear Sweden AB no later than Wednesday, June 17, 2020 (for nominee-registered shares, see also "Nominee-registered shares" below), and
• Register to the Company no later than Wednesday, June 17, 2020, under address Soltech Energy Sweden AB (publ). Annual General Meeting, Tegnérgatan 1, 111 40 Stockholm or via e-mail to stamma@soltechenergy.com. In the notification, shareholders must state their name and social security number or company and organizational number. In addition, the address, telephone number, shareholding and the number of possible assistants (maximum one) must be stated.
• To prepare the opportunity to vote at the AGM and at the same time hold larger gatherings in the tracks of Covid-19, shareholders are encouraged to vote by proxy or by postal vote. Materials for voting by proxy or postal voting can be found at www.soltechenergy.com. Postal voting must be done either to Soltech Energy Sweden AB (publ). Annual General Meeting, Tegnérgatan 1, 111 40 Stockholm or via e-mail to stamma@soltechenergy.com. The last day for postal voting is June 17, 2020.
Trustee-registered shares
Shareholders whose shares are nominee-registered through a bank or other nominee must, in order to participate in the AGM, request to be temporarily registered for the shares in their own name in the share register with Euroclear Sweden AB. Shareholders desiring such registration must notify their nominee well in advance of Wednesday, June 17, 2020, when such registration must be finalized.
Attendance at the AGM
In the light of the risk of spreading coronavirus and the authorities' regulations / advice on avoiding larger gatherings, the Board wishes to emphasize the importance of pre-registration. Only pre- registered shareholders will be granted access to the AGM to enable the Board to adapt the premises in the best possible way.
Agents, etc.
Shareholders may appoint one or more representatives. Shareholders represented by proxy must issue written and updated proxy for the proxy. The authorization is valid for a maximum of one year from the date of issue, unless the authorization specifically specifies a longer period of validity, but no longer than five years from the issue. A power of attorney issued by a legal person must be enclosed with authorization documents (registration certificate or equivalent). The proxy in original and any authorization documents should be submitted to Soltech Energy Sweden AB well in advance of the Annual General Meeting, but no later than June 17, 2020, Annual General Meeting, Tegnérgatan 1, 111 40 Stockholm. A proxy form is available on the company's website, www.soltechenergy.com
Proposed agenda
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Opening of the Meeting
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Election of Chairman of the Meeting
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Establishment and approval of voting length
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Approval of the agenda
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Selection of one or two protocol adjusters
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Examination of whether the meeting has been duly convened
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Speech by the CEO
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Presentation of the annual report and the auditor's report, as well as the consolidated accounts
and consolidated auditors' report for the financial year 2019.
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Decision:
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Determination of income statement and balance sheet as well as consolidated income statement and consolidated balance sheet.
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Allocations regarding the Company's earnings according to the adopted balance sheet,
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Discharge for the members of the Board of Directors and the CEO.
10. Determination of the number of board members 11. Determination of Board fees
12. Determination of auditor's fees 13. Election of Board of Directors
14. Election of Chairman of the Board 15. Election of auditor
16. Resolution on authorization for the Board to issue shares, warrants and convertibles. 17. Any other decisions, if any
18. Closing of the Meeting
Proposition for resolution
Item 2 – Election of Chairman of the Meeting
Shareholders representing 7.36 percent of the votes suggest that Göran Starkebo be elected chairman at the meeting.
Item 9 (ii) – Allocation of the Company's earnings
The Board of Directors and the Managing Director propose that no dividend be paid to the shareholders, and that any amounts available to the Meeting are transferred in new account.
Item 10 – Determination of the number of board members
Shareholders representing 7.36 per cent of the votes suggest that the board should consist of five members without deputies.
Items 11-12 – Determination of Board fees and auditor fees
Shareholders representing 7.36 percent of the votes in the Company propose that board fees of
SEK 300,000 should be paid to the chairman of the board and that board fees of SEK 150,000 be paid to each of the other members of the board. However, a board member who is replaced by the Company due to employment shall not receive any fees, either in the parent company or in the subsidiary.
It is proposed to the auditor that fees be paid in accordance with approved invoice.
Item 13-14 – Election of Board of Directors and Chairman of the Board
Shareholders representing 7.36 per cent of the votes in the Company propose the re-election of ordinary board members Ninna Engberg, Göran Starkebo, Frederic Telander and Stefan Ölander and new election of Anna Kinberg Batra.
Shareholders representing 7.36 percent of the votes in the Company propose that Anna Kinberg Batra be appointed Chairman of the Board for the period until the end of the next Annual General Meeting.
Item 15 – Election of auditor
The Board of Directors proposes that the Annual General Meeting, for the time until the end of the next Annual General Meeting, re-elect Pricewaterhousecoopers i Sverige AB (PWC) as the Company's auditor. PWC has announced that, in the event that PWC is elected, PWC will appoint Claes Sjödin as Chief Auditor.
Item 16 – Resolution on authorization for the Board to decide on the issue of new shares and the issue of warrants and convertibles.
The Board of Directors proposes that the Annual General Meeting make a decision to authorize the Board to make decisions on the issue of shares and / or issue of convertibles and / or warrants until the next AGM, on one or more occasions, even with deviations from the shareholders' preferential rights. The shares, convertibles and / or warrants may be subscribed for in cash payment or against payment by way of set-off, by the addition of in kind, or otherwise with conditions. The authorization is limited to the number of shares on the issue or issue of warrants and convertibles, the number of warrants and convertible debentures that may entail the issue or conversion to the corresponding number of shares, calculated at the time of issue of such warrants or convertibles, which are contained in the articles of association. on the number of shares.
Item 18 – Closing of the Meeting
Provision of documents
The annual report documents and the auditor's report as well as the full proposal of the Board of Directors as above will be made available at the Company's office for at least three weeks before the meeting and will be sent free of charge to the shareholders who have stated that they wish to receive such information from the Company. All documents will also be available simultaneously on the Company's website, www.soltechenergy.com.
Information on the number of shares and votes and on the holding of own shares
The total number of shares and votes in the company at the time of issuing this notice was 55 135 956. All issued shares have equal voting rights. The company does not hold any own shares.
Majority requirements
A resolution according to paragraph 16 above is valid only if it has been supported by shareholders with two-thirds of both the votes cast and the shares represented at the meeting.
Shareholders' right to request information
The Board of Directors and the Managing Director shall, if any of the shareholders so request and the Board of Directors considers that it can be done without material harm to the Company, provide information at the Annual General Meeting on matters that may affect the assessment of a matter on the agenda and circumstances that may affect the assessment of the company's financial situation. The duty to disclose also relates to the company's relationship with other group companies and the consolidated accounts, as well as conditions concerning subsidiaries referred to in the first paragraph.
______________________________
Stockholm in May 2020
Soltech Energy Sweden AB (publ) Board of Directors
At the Swedish pavilion "The Forest", 500 m2 of the roof will be covered by Soltech's product "ShingEl" and 500 m2 of the facade with Soltech's product "Facade". The pavilion is based on the idea of the extensive freedom and wilderness in a forest. With renewable solar energy on roofs and facades, the energy solution is also endless and fits well with the pavilion's concept and the message that Sweden wants to send to the visitors of the Expo. For Soltech, the collaboration means not only exposure but also a positive business value.
– “We need to prepare for a reality where the world, Sweden, and companies are resuming operations and where everyday life is returning to normal after the Corona crisis. It is important to be able to show long-term sustainable solar solutions that are aesthetically pleasing and adapted to modern design and architecture. We are confident that the exposure and attention that our products will receive in Dubai will lead to exciting business opportunities both in Sweden and internationally, says Stefan Ölander, CEO of Soltech Energy
The products "ShingEl" and "Facade" have integrated solar cells with a design that makes the roof and facade both stylish and energy efficient. The possibilities of integrated solar cells are many and it is a market with rapid growth and great needs. The target group for "ShingEl" is both villas and commercial properties. Facade is especially suitable for properties with larger areas such as factory and logistics premises or cool schoolbuildings and sports arenas.
– We are very pleased to have signed an agreement with Soltech as our sponsor for solar energy. Their integrated products will fit well into our futuristic design of the pavilion, says Staffan Schartner, Head of Construction on the Committee for Sweden's Participation
It is with both joy but also a portion of thoughtfulness and careful consideration that the agreement has been signed in these times of Coronavirus. At the same time, it is proof of Soltech's drive and ambitions. Of course, all planning and participation in Expo 2020 in Dubai will continue to follow the guidelines provided. The World Exhibition is postponed and will take place between October 1, 2021 and March 31, 2022. The name Expo 2020 will remain.
For more information contact:
Stefan Ölander, VD Soltech Energy Sweden AB (publ) Tel: 070-739 80 00. E-post: stefan.olander@soltechenergy.com.
About Soltech Energy Sweden AB (publ)
Soltech is a comprehensive supplier that develops, sells, installs and optimizes solar energy solutions for our customers' needs. The group includes the subsidiaries Advanced Soltech Sweden AB (publ) where the Chinese venture is conducted, Soltech Sales & Support, NP-Group, Swede Energy Power Solutions, Merasol, Soldags, Takorama and Fasadsystem. Soltech Energy Sweden AB (publ), is traded on the Nasdaq First North Growth Market under the short name SOLT and has approximately 33,000 shareholders. The company's Certified Adviser is Erik Penser Bank. Phone: 08-463 83 00. Email: certifiedadviser@penser.se. For more information see: www.soltechenergy.com
CEO Stefan Ölander comments:
– It feels very inspiring that Anna will be part of the Soltech team. Her competence and drive is something that will benefit the Group on several levels and I am really looking forward to start up the work with Anna.
Anna Kinberg Batra comments:
– I am very much looking forward to working with all the entrepreneurs in the Soltech Group and in an industry that drives important sustainable change. Not even half a percent of Swedish electricity comes from the sun today. But my hopes are high for a fast transition to reneweable energy sources and a more sustainable society.
For more information contact:
Stefan Ölander, CEO Soltech Energy Sweden AB (publ) Tel: 070-739 80 00. E-mail: stefan.olander@soltechenergy.com or Anna Kinberg Batra. Email: anna.k.batra@gmail.com
The information in this press release is such that Soltech Energy Sweden AB (publ) is to publish in accordance with EU Regulation No 596/2014 on market abuse. The information was provided through the above contact person's publication for publication on 11 May 2020 at. 08.30 CET.
About Anna Kinberg Batra
Anna Kinberg Batra was the political party, Moderaternas, first female leader and has also served as the chair of the Finance Committee and the EU Committee. Anna has been former energy policy spokesperson, expert in the Cabinet ministry and leader of the party's first office in the European Parliament. Anna holds a degree from Stockholm School of Economics and has in addition to politics previously, been head of information at Stockholm Chamber of Commerce, project manager at Universum and Prime, board member of Avanza pension, advisor to SSE Business Lab and co-founder of Nova Talent and Jobline / Monster. Today she works as a lecturer, author and advisor to corporate management groups, Sweden-India Business Council and McKinsey & Co. She has board assignments in Swedish Space Corporation, Collector and SJR and writes chronicles in Dagens Industri. In connection with the entry, Anna Kinberg Batra will buy shares in Soltech Energy.
About Soltech Energy Sweden AB (publ)
Soltech is a comprehensive supplier that develops, sells, installs and optimizes solar energy solutions for our customers' needs. The group includes the subsidiaries Advanced Soltech Sweden AB (publ) where the Chinese venture is conducted, Soltech Sales & Support, NP-Group, Swede Energy Power Solutions, Merasol, Soldags, Takorama and Facade systems. Soltech Energy Sweden AB (publ), is traded on the Nasdaq First North Growth Market under the short name SOLT and has approximately 33,000 shareholders. The company's Certified Adviser is Erik Penser Bank. Phone: 08-463 83 00. Email: certifiedadviser@penser.se. For more information see: www.soltechenergy.com
The plant is estimated to produce approximately 1,728,000 kWh annually and the customer buys all the electricity that the plant produces for 20 years. The investment in the facility, which will continue to be owned by ASRE, amounts to approximately SEK 10.24 million and construction starts are planned for Q3, 2020.
CEO Stefan Ölander comments:
– We are seeing increased activity in China in the aftermath of the Corona crisis and we look brightly at future business opportunities. We received this order under the exclusive five-year cooperation agreement signed in the spring of 2019 with the Jiangsu Siyang Administrative Committee of Economic Development Zone in Jiangsu Province, on the construction of 500 megawatts (MW) of solar energy capacity (100 MW per year for five years).
For more information contact: Stefan Ölander, CEO Soltech Energy Sweden AB (publ) Tel: 070-739 80 00. E-mail: stefan.olander@soltechenergy.com
The information in this press release is such that Soltech Energy Sweden AB (publ) is to publish according to EU Regulation No 596/2014 on market abuse. The information was provided through the above contact person's publication for publication on April 15, 2020 at. 07:30 CET.
About Soltech Energy Sweden AB (publ)
Soltech Energy is a comprehensive supplier that develops, sells, installs and optimizes solar energy solutions for our customers' needs. The group includes the subsidiaries Advanced Soltech Sweden AB (publ), Soltech Sales & Support, NP Group, Swede Energy Power Solutions, Merasol, Soldags and Takorama. Soltech Energy Sweden AB (publ), is traded on the Nasdaq First North Growth Market under the short name SOLT and has approximately 32,000 shareholders. The company's Certified Adviser is Erik Penser Bank. Phone: 08-463 83 00. Email: certifiedadviser@penser.se. For more information see: www.soltechenergy.com
About the China investment
Soltech Energy's investment in China is conducted in Advanced SolTech Renewable Energy (Hangzhou) Co. Ltd., ASRE, its wholly owned local subsidiaries 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 commits to purchase the electricity that the plant produces during a 20-year agreement. Ongoing revenue comes from sales of electricity to customers and from various forms of grants per produced kilowatt hour (kWh) of solar energy. The goal is to have an installed capacity of 1,000 megawatts (MW) fully connected to the electricity grid in 2024.
ASRE and Longrui Solar Energy (Suqian) Co. Ltd. are wholly owned subsidiaries of Advanced Soltech Sweden AB (publ). ASAB is 51% owned by Soltech Energy Sweden AB (publ) and 49% by Soltech's Chinese partner, Advanced Solar Power Hangzhou Inc.