Its common that Soltech companies, after being acquired, often creates business opportunities for each other. Something that is now happening when Trönninge El, which was acquired in May and became part of Provektor, has helped Stockholm-based NP Gruppen with a number of new solar energy projects in southern Sweden. The total solar energy surface for the projects is approximately 4,300 square meters and the order value for the projects amounts to just over SEK 13 million.
Since NP Gruppen became part of the Soltech Group, they have been transformed into a solar roof company that also offers solar energy solutions and have completed several solar energy projects in recent years.
Now the company will carry out several new solar energy assignments in southern Sweden with the help of Trönninge El, which in May became part of the Soltech company Provektor through an bolt on-acquisition.
Among other things, the assignments apply to about ten properties in Malmö that will have roof-mounted solar energy solutions installed. The properties are owned by a large public housing company. The houses that will receive solar installations are apartment buildings, of which one of the properties is a student residence. Marcus Juhlin, solar energy manager at NP Gruppen, talks about the importance of collaboration and is satisfied with the synergy effects created in the Group.
– The assignments are proof that alone is not strong and Trönninge El’s connections in southern Sweden has been decisive for these deals. It feels very motivating and fun that companies within the Group can open new doors for each other and complement each other’s skills in different projects. Now we look forward to jointly carrying out these solar energy projects for housing associations and property owners who have clearly realized the advantages of self-produced solar energy, says Marcus Juhlin, solar energy manager at NP Gruppen.
Soltech company Wettergrens Tak has now completed a solar energy and roof project for Riksbyggen in Örnsköldsvik. In total, there are eight houses that have received new metal roofing and 1,200 square meters of solar energy installed. The company's CEO Frank Fredriksson explains more about the project and that the company, based in Nyköping, also offers solutions nationwide.
Wettergrens Tak has been active in the industry for over 70 years and has been part of the Soltech Group since August 2021. The company is a comprehensive supplier that masters everything in roofing and works with private individuals, regions, municipalities, industries, construction companies and other businesses. Based in Nyköping, Södermanland, Södertälje and Stockholm have previously been the company's main areas, but now the company is also strengthening its presence outside Nyköping.
The project, which has now been completed, consists of re-roofing eight houses that have received new sheet metal roofs and roof-mounted solar energy installations. The total roof replacement amounted to approximately 3,300 square meters and the solar cells cover an area of approximately 1,100 square meters and the assignment was carried out for Riksbyggen. CEO Frank Fredriksson talks about the importance of being able to offer services in larger parts of the country.
– It feels great that we have finished this prestigious project and I want to thank Riksbyggen for the confidence. We have previously carried out projects for them in Östersund and now also in Örnsköldsvik, which is proof that we have good capacity to carry out roof and solar energy projects also in this region. For us, it is a strength not to be tied to a geographical area, especially when the number of requests from different counties increases, says Frank Fredriksson, CEO of Wettergrens Tak.
Soltech company Soltech Energy Solutions has signed an agreement with an energy company in Sweden for a large battery solution (battery park) that will contribute to stabilizing the electricity grid with opitmization and frequency regulation. The order value for the agreement amounts to approximately SEK 15 million.
Soltech Energy Solutions within the Soltech Group focus on product development and installation of advanced energy systems, energy storage and large-scale solar energy solutions such as roof solar cell installations and solar parks. The company has been commissioned to build a battery park for an energy company and this will be one of the first hybrid solutions where a larger solar park energy facility is supplemented with an large scale energy storage battery system.
Rickard Lantz, business development manager at Soltech Energy Solutions, is positive about the agreement which will contribute to balancing and supporting the local electricity grid in the area.
– The share of renewable energy is quickly increasing, which is a very positive development. Therefore it is also important to reduce the power challenge that arises when you convert the electricity system to more renewable and weather-dependent energy production such as solar- and wind power. Therefore, it feels very good that we have signed an agreement to deliver a large-scale battery storage facility that enables our customer to sell frequency services to Svenska kraftnät, something that both stabilizes the electricity grid and generates revenue, says Rickard Lantz, business development manager Soltech Energy Solution
Soltech company Soltech Energy Solutions has signed an agreement with the municipal energy company Varberg Energi for a large battery park in Varberg that will contribute to stabilizing the electricity grid and optimizing the power output. In this project, Soltech Energy Solutions also collaborates with sister company Neabgruppen, which will carry out the electrical installation work. The total investment for the battery park amounts to SEK 100 million.
Soltech Energy Solutions is the Soltech Group's company for product development and installation of advanced energy systems, energy storage and large-scale solar energy solutions. The company has been commissioned to build what will be one of the country's largest battery system facilities for Varberg Energi.
Rickard Lantz, business development manager at Soltech Energy Solutions, tell more about the importance of both being able to offer renewable electricity production through solar energy as a response to the climate challenge and large-scale battery storage that optimizes the power output and offers flexibility services to stabilize the overall central electricity grid.
– Energy storage in the form of batteries becomes an important complement to the overall electricity grid when more and more renewable electricity production is built. This allows us to build even more weather-dependent power, such as wind and solar, which is often a challenge for grid owners because they don't offer the support services that the non-volatile facilities normally offer. With this technology, Varberg Energi can be part of the solution by offering frequency stabilization services to Svenska kraftnät. An increased amount of solar energy is known to be good for the environment, but our tech solutions also contribute with stabilization and frequency regulation so that the electricity grid can handle even more renewable electricity production, says Rickard Lantz, Business Development Manager Soltech Energy Solution.
Large-scale energy storage that supports the electricity grid
To accelerate the expansion of renewable energy types such as solar energy and wind power, which are volatile types of energy, smart and large-scale energy solutions to stabilize the electricity grid are necessary.
Therefore, Varberg Energi's battery park will be connected to the frequency market and sell support services with the aim of stabilizing the electricity grid and optimizing the power output. Energy storage such as this contributes to creating a balance between production and consumption, which becomes increasingly important when the amount of renewable electricity production grows as the electricity demand in society increases.
– It feels great to invest in a large battery system. The energy system of the future needs this type of solution to be able to receive an increasing share of renewable electricity from weather-dependent energy production such as wind and solar. This is completely in line with our positioning towards a more flexible use of the electricity system and we look forward to getting the battery park in place, says Hans Ljungström, Vice President at Varberg Energi.
To meet the increased demand for locally produced solar energy, a long-term electricity trading agreement has been signed between the municipal energy company Nybro Energi and the Soltech company Soltech Energy Solutions. The agreement involves PPA solutions for large-scale solar installations. Håkan Dahlgren, CEO at Nybro Energi and Rickard Lantz, business development manager at Soltech Energy Solutions tell us more about the concept that will contribute to an increased share of solar energy in Nybro municipality.
The power purchase agreement, PPA, is an agreement where an energy operator finance, install, own, and manage, for example, a solar cell installation on a property owner's roof. The property owner does not pay for the solar energy installation and is not responsible for operation or maintenance, but only undertakes to buy the produced solar electricity. Usually on a 20-year contract period.
PPA solutions have been common internationally, mainly in wind power but also for large-scale solar energy. This type of business model is growing in popularity also in Sweden as many property owners appreciate that they do not have to tie up capital to finance the solar facility, but instead get a long-term energy contract with a set price. It is cost efficient and no responsibility for the actual technical solar installation. Nybro Energi, together with Soltech Energy Solutions, will enable more companies in Kalmar County to take advantage of the benefits of the PPA agreement.
Great interest in the county
Nybro Energi has a long history of green energy solutions. The new solar energy collaboration has already resulted in two solar cell installations for CTT Bribo and Eurosteel and another ten projects are underway. Håkan Dahlgren, CEO of Nybro Energi, testifies that the new solar energy cooperation has been very well received by entrepreneurs and that the municipal energy company is experiencing a great interest.
– Our solar cell arrangement is a solution where everyone is a winner. The companies can focus on their core business and at the same time contribute to the green transition. The purpose of the concept is to facilitate business life in Nybro, which is an important part of our mission. We are very much looking forward to helping more companies benefit from the sun's rays without having to own, install or manage the solar system themselves. We take care of that part, says Håkan Dahlgren, CEO of Nybro Energi.
Rickard Lantz, business development manager at Soltech Energy Solutions agrees and talks about the increased interest in this type of solution.
– We clearly notice that more and more property owners in Sweden, and not least in Kalmar County, are starting to open their eyes to smart financing solutions and electricity trading agreements for solar power. It should be easy to acquire solar cells and with a PPA agreement the customer also avoids start-up costs, says Rickard Lantz, business development manager at Soltech Energy Solutions.
This is how the PPA for solar cells works:
1. The customer contacts Nybro Energi and a site visit are made where the conditions for installing a solar cell plant are reviewed.
2. Nybro Energi together with Soltech Energy Solutions produces a proposal. After an approved proposal, the solar energy system is installed on the property's roof. Nybro Energi is the owner of the solar energy system itself.
3. The property owner signs an agreement to buy the electricity the facility produces at a predetermined price. Often the agreements run for 20 years.
4. Nybro Energi is responsible for operation, regulatory compliance, insurance, and maintenance of the solar energy system throughout the contract period.
5. The property owner uses the solar electricity that the facility produces and does not have to think about operation, service maintenance or volatile electricity prices. A PPA agreement also means that the property owner starts saving money from day one as no initial investment costs are added.
Takorama is one of Soltech's roofing companies which, through the group's transformation strategy, now also offers solar energy solutions in combination with the core competence. The company has received an assignment from the housing association HSB Uppegård in Stenungsund. The assignment involves both a new roof and a roof-mounted solar cell installation, and the order value for the deal amounts to SEK 8.3 million.
The Ljungskile-based roofing company Takorama has a solid industrial experience and when the company was acquired by the Soltech group in 2020, work began to add solar energy to the existing product and service range. Since the transformation into a solar roof company, the company has carried out a number of solar energy installations and also has its own solar energy department.
Takorama has received a new assignment that includes both roof replacement with Derbigum and solar cells. It is a housing association in Stenungsund that will get a new roof and also a roof-mounted solar energy installed. CEO Michael Norrby is very positive about the project and that Takorama's solar energy department has grown during the summer with several new solar experts employed.
– We are very happy about the trust from HSB Uppegård. The fact that we can offer both roofing and solar energy creates a competitive overall solution that our customers appreciate. I also want to take the opportunity to welcome Isabelle, Alan and Pierre to our solar department and this will be a perfect project for them to carry out together with our experienced roofing department, says Michael Norrby, CEO of Takorama.
Takbyrån in Alingsås has been part of the Soltech group since June 1, 2021. The company has now signed its single largest order in terms of order value when assisting Inhubs and Tuve Bygg with a full-scale roofing contract. It is a new logistics property in Alingsås that will be built and Lindex will be the new tenant in the property. The order value for the project amounts to SEK 19 million.
Takbyrån was founded in 2014 and specializes in roofing contracting and performs all types of roofing projects and also solar energy installations. Takbyrån's customers are often construction and real estate companies, but also industries and the public sector. Now the company has taken its single biggest order when helping Inhub with a roofing contract. When the new highly automated logistics property is ready, the building will include 48,000 square meters of warehouse and office space.
– This is a great project for us, and I really want to thank Tuve Bygg for the great trust in us as a partner. We look forward to “roll up our sleeves” and contribute to Lindex's new highly automated warehouse in Alingsås, says Håkan Jaconelli, founder and project manager at Takbyrån.
The roofing will start in November and the entire facility is planned to be put into operation in 2024. The logistics property has the highest requirements in terms of construction and environmental certification to design the property in line with the fashion company's sustainability ambitions.
The electrical engineering company TG:s El in Finspång has been part of the Soltech group since July 1 this year. During the second quarter the company has taken its largest order to date. The assignment includes electrical installations and solar energy solutions when the Hällestagården nursing home expands their property. The general contractor is ED Bygg and the owner of the nursing home is the municipality of Finspång. The order value amounts to approximately SEK 11 million.
TG:s El is the Soltech Group's latest acquisition and is based in Finspång and Norrköping, and the company's history, which started back in 1982, has over the years created a strong local presence in Östergötland. The company's core competence is electrical engineering, but they are also at the forefront of solar energy, as the company itself previously acquired the company Smart Solkraft, which forms TG:s own solar energy department. Now TG:s El has received its largest order ever when the Hällestagården nursing home is to be expanded.
¬ We are delighted to be trusted to contribute to the expansion of Hällestagården. It feels great that we get to carry out both electrical installation and solar cell installations. I believe that this assignment is a proof that our local commitment and experienced employees makes us competitive, says Rickard Thormeyer, CEO of TG:s El.
A flying start in the Group
The company is the Soltech Group's latest acquisition and was acquired as recently as July 1, 2022. Although TG:s El is already in the forefront of solar energy, the goal is to integrate even more solar energy into the product range.
– I want to congratulate TG:s El on their biggest order to date. We already know that this is a skilled electrical engineering company that is also strong in solar energy, a combination that will create great business opportunities both today and in the future. We are happy to have them on board, says Stefan Ölander, CEO of Soltech Energy.
The credit committee at China Bank of Communications (BOCOM) has given a positive decision regarding a bank loan over 8 years of CNY 410 million (approximately SEK 615 million) to Advanced Soltech’s subsidiaries in China. BOCOM has indicated a fixed interest which is significantly lower compared to what the Company has today. The purpose of the loan is to repay the outstanding bond SOLT5 when the loan is finalized.
Advanced Soltech has during a long time conducted discussions which several actors regarding a long-term financing of the Company’s operations in China. In recent years, the interest from local actors to finance the green energy transition has increased substantially.
The lender, BOCOM, is China’s fifth largest bank with a balance sheet larger than Nordea, SEB, Handelsbanken and Swedbank together. BOCOM was founded in 1907 and the bank’s stock is listed in both Hong Kong and Shanghai.
Advanced Soltech’s CEO, Max Metelius, comments:
– The positive decision from China Bank of Communication is a big step forward in our work to improve a financing structure that would entail large savings for the Company.
Soltech Energy's CEO, Stefan Ölander comments:
– As the largest stakeholder in Advanced Soltech, we are very pleased with this positive announcement. It will probably facilitate future financing with even better terms.
Soltech companies Soltech Energy Solutions and Takbyrån i Alingsås have now entered into an agreement with logistics property operator Logistic Contractor in Borås. The property will get a new roof and a roof-mounted solar energy solution. The order value for the project amounts to SEK 13.6 million and construction will start in autumn 2022.
The solar energy company Soltech Energy Solutions helps large landowners, property owners and logistics operators with large-scale solar energy solutions and financing solutions for solar cells. Together with the sister company Takbyrån, they will help Logistic Contractor in the development of a logistics property in Borås where Hemtex will then operate.
– We are proud to help Logistic Contractor with a large roofing contract. It is a large-scale logistics facility company, and we look forward to getting started. It also feels great that our sister company then installs solar energy on the newly laid roof and by that offer a joint comprehensive solution, says Tobias Udén, CEO of Takbyrån.
Focus on sustainable logistics properties
Since 2004, Logistic Contractor has worked with developing and building logistics and industrial buildings in the Nordic region. The company is part of the Wästbygg Group, which in 2017 decided that the entire operation should be fossil-free by 2030 in the areas of electricity, heating, transport and waste. This means that Logistic Contractor focuses on environmentally certified construction and green options, such as solar energy installations.
– In these times, questions about energy and the environment is important topics and solar energy is one of our most important sustainable energy sources. Therefore, this collaboration is valuable to us in order to provide modern solar cell technology to our customers. It is an important part of our offer to continue to be a leader in developing and building sustainable logistics and industrial facilities, says Cristina Frigioi, Project manager at Logistic Contractor.