The installation will cover a roof surface measuring circa 1.8 hectors (ca. 18,000 sq. m) and annually produce circa 1,800,000 kWh. The customer is contractually committed to buying all the electricity that the installation produces over 20 years. Over that same period, ASRE receives subsidies from the central and provincial governments based on every kWh (kilowatt-hour) delivered to the customer. Investment in the installation, which continues to be owned by ASRE, amounts to approximately 13.6 MSEK (!.36 MEUR). The installation is expected to be completed during the third quarter of 2018.
Zhejiang Province, ASRE’s home province, has a population of circa 55 million and its capital, Hangzhou, is ASRE’s home city.
CEO Frederic Telander comments:
-We have previously installed many solar energy units in Zhejiang. This is likely due to the competitive strength of our business model and the strong support we get from the local government in Hangzhou. It feels good to be able to continue expanding here “at home”, where the potential for growth remains very good.
For more information, please contact: Frederic Telander, CEO SolTech Energy Tel; 08-441 88 46. email: frederic.telander@soltechenergy.com
The information contained in this press release conforms to that which SolTech Energy Sweden AB (publ.) is required to make public according to the EU’s regulation.596/2014 concerning securities market abuse. Said information is furnished, via the above-cited contact person’s authorization, for publication on 4 April 2018, 08:00 CET.
SolTech Energy in brief:
SolTech Energy develops and sells building-integrated solar energy products for all forms of building structures – commercial, public and residential. The products are a part of a building’s outer shell, as a roof, wall or window, containing semi-transparent solar cells for the production of electricity that simultaneously shuts out solar heat. Soltech Energy Sweden AB (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT” with over 14,000 shareholders. Also included in the concern are its jointly owned (51%) subsidiaries ASAB in Sweden and ASRE in China – more info on ASRE appears below. The company’s Certified Advisor is G&W Fondkommission (securities broker). For more information see: www.soltechenergy.com
Investment in China
SolTech’s investment in China is carried out by a jointly owned company, Advanced SolTech Renewable Energy (Hangzhou) Co. Ltd (ASRE), where SolTech owns 51 percent and Advanced Solar Power Hangzhou Inc. (ASP) owns 49 percent. The business model consists of having ASRE finance, install, own, and periodically service solar energy installations mounted on the roofs of customer-owned facilities. The customer does not pay for the installed solar energy unit, but instead undersigns a long-term, 20-25 year contract to buy all the electricity the relevant unit produces. ASRE’s current income comes from the sale of electricity to customers, along with various forms of subsidies per produced kWh. Focus is now concentrated on building a backlog of orders for 2018 and beyond, with the goal of obtaining an installed capacity of 605 MW (megawatts) by the close of 2021, which in 2022 will be set into full operation, generating current annual sales amounting to approximately 1 billion SEK (100 MEUR).
The Installation is estimated to cover a roof area measuring circa 2.7 hectors (ca. 27,000 sq. meters) and produce circa 902,000 kWh. The customer is contractually committed to buy all the electricity the installation produces over 20 years. During that same time period, ASRE receives subsidies from the central government based on every kWh (kilowatt-hour) delivered to the customer. Investment in the installation, which continues to be owned by ASRE, amounts to approximately 19.7 MSEK, and its construction is estimated to be completed during the third quarter of 2018.
CEO Frederic Telander comments:
-This new customer is located in Jiangsu Province, with a population of 78 million, immediately north of Shanghai. Our breakthrough into this region unquestionably has great potential. We also know that the authorities there see to it that installations are quickly coupled to the central network, once they are fully completed – which in turn means a quicker start to another new income flow to ASRE.
Frederic Telander, CEO SolTech Energy Tel; 08-441 88 46. email: frederic.telander@soltechenergy.com
The information contained in this press release conforms to that which SolTech Energy Sweden AB (publ.) is required to make public according to the EU’s regulation.596/2014 concerning securities market abuse. Said information is furnished, via the above-cited contact person’s authorization, for publication on 19 March 2018, 07:00 CET.
SolTech Energy in brief:
SolTech Energy develops and sells building-integrated solar energy products for all forms of building structures – commercial, public and residential. The products are a part of a building’s outer shell, as a roof, wall or window, containing semi-transparent solar cells for the production of electricity that simultaneously shuts out solar heat. Soltech Energy Sweden AB (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT” with over 14,000 shareholders. Also included in the concern are its jointly owned (51%) subsidiaries ASAB in Sweden and ASRE in China – more info on ASRE appears below. The company’s Certified Advisor is G&W Fondkommission (securities broker). For more information see: www.soltechenergy.com
Investment in China
SolTech’s investment in China is carried out by a jointly owned company, Advanced SolTech Renewable Energy (Hangzhou) Co. Ltd (ASRE), where SolTech owns 51 percent and Advanced Solar Power Hangzhou Inc. (ASP) owns 49 percent. The business model consists of having ASRE finance, install, own, and periodically service solar energy installations mounted on the roofs of customer-owned facilities. The customer does not pay for the installed solar energy unit, but instead undersigns a long-term, 20-25 year contract to buy all the electricity the relevant unit produces. ASRE’s current income comes from the sale of electricity to customers, along with various forms of subsidies per produced kWh. Focus is now concentrated on building a backlog of orders for 2018 and beyond, with the goal of obtaining an installed capacity of 605 MW (megawatts) by the close of 2021, which in 2022 will be set into full operation, generating current annual sales amounting to approximately 1 billion SEK (100 MEUR).
A listing ceremony at Nasdaq Stockholm has been arranged to take place on March 19, 2018. Fifty investors, along with the media, have been invited to listen to addresses from SolTech Energy and Nasdaq marking this notable occasion, along with witnessing the moment when SolTech Energy’s subsidiary, ASAB, opens the day’s trading with a bond designated SOLT2, by duly ringing the exchange’s bell at 9 AM, precisely.
Background
On 1 February 2018, ASAB offered a new bond issue, together with Avanza Bank directed toward smaller investors and private individuals. The bond’s term spans five years with an 8.75% annual interest rate, and was subscribed in the amount of 128 MSEK (12.8 MEUR) by approximately 2,000 people. Net liquidity, after deductions for customary new issue costs, is earmarked for financing the joint-venture company ASRE’s continued investment in China – in this case, an investment satisfied by a cumulative solar energy capacity of circa 15 MW (megawatts) in existing back orders.
Nasdaq Stockholm’s Ann-Charlotte Eliasson, responsible for bond listing, comments:
– We are especially pleased to welcome Advanced SolTech as the first bond on our new market, First North Sustainable Retail Bonds. Solar energy is a technology with strong potential, and we are delighted – together with Advanced SolTech and Avanza – that, for the first time in the Nordic region, smaller investors will also be able to invest in green bonds; something that we believe will become more and more common in the future.
SolTech Energy’s CEO Frederic Telander comments:
– We are proud to be pioneers within certified green bonds directed toward the consumer market. We believe that now, together with Avanza Bank, have found a way to periodically finance our solar energy project in China that is contributing to the SolTech concern’s increased growth, but, in addition, also contributes to a better climate on Earth for all of us.
For more information, please contact: Frederic Telander, CEO SolTech Energy Tel; 08-441 88 46. email:frederic.telander@soltechenergy.com or David Augustsson, Communication Director, Nordic Fixed Income, Nasdaq. Tel: 073-449 61 35, email:david.augustsson@nasdaq.com
SolTech Energy Sweden AB (publ.) in brief
SolTech Energy develops and sells building-integrated solar energy products for all forms of building structures – commercial, public and residential. We offer products that are a part of a building’s outer shell in the form of a roof, façade, balcony railings or a window. We offer black and variously colored solar cells, as well as semi-transparent solar cells for the production of electricity that simultaneously shut out solar heat. Soltech Energy Sweden AB (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT” with over 14,000 shareholders. Included in the concern are its jointly owned (51%) subsidiaries Advanced SolTech Sweden AB (publ.), ASAB, in Sweden and Advanced SolTech Renewable Energy Hangzhou Co. Ltd, ASRE, in China. The company’s Certified Advisor is G&W Fondkommission (securities broker). For more info, see: www.soltechenergy.com
Investment in China
SolTech’s investment in China is carried out by a jointly owned company, Advanced SolTech Renewable Energy (Hangzhou) Co. Ltd (ASRE), where SolTech owns 51 percent and Advanced Solar Power Hangzhou Inc. (ASP) owns 49 percent. The business model consists of having ASRE finance, install, own, and periodically service solar energy installations mounted on the roofs of customer-owned facilities. The customer does not pay for the installed solar energy unit, but instead undersigns a long-term, 20-25 year contract to buy all the electricity the relevant unit produces. ASRE’s current income comes from the sale of electricity to customers, along with various forms of subsidies per produced kWh. Focus is now concentrated on building a backlog of orders for 2018 and beyond, with the goal of obtaining an installed capacity of 605 MW (megawatts) by the close of 2021, which in 2022 will be set into full operation, generating current annual sales amounting to approximately 1 billion SEK (100 MEUR).
The Paradoumo Group has created a unique concept, combining SolTech ShingEl as a building-integrated solar energy provider with modern architecture from Arkitekbrucket, and a free electric car from Volkswagen.
The Paradoumo Group’s goal here is to create a residential area that is safe and pleasant and, moreover, economically and environmentally sustainable. At Glasberga Sjöterrass in Södertälje, the first step toward this goal is now being built with seven unique seaside houses. Thanks to the roof’s building-integrated solar cell solution from SolTech, electricity is generated with no compromise made to either function or esthetics.
The Paradoumo Group’s CEO Sargon Kerimo comments:
– We have chosen to design a house for the family of the future that wishes to pursue a sound life-style. A solar cell roof creates the possibility of utilizing solar energy that simultaneously lowers the cost of electricity to the householder. According to a new estimate from our supplier, SolTech works to reduce the cost of electricity to a family of four by 20% on an annual basis. We wish to strengthen the significance of this saving by having –on the day of possession – a Volkswagen E-Up el-car waiting in the new owner’s own driveway, available for one year’s free use.
SolTech Energy’s CEO Frederic Telander comments:
– SolTech sees a growing interest centered around esthetic solar energy, and our product ShingEl is perfectly in line with this trend. We are very happy about this order that is, in fact, a good example of how creative packaging of household-solar energy may well appear from here on out. The Paradoumo Group is out front – on the leading edge – and we are proud to be a part of this project.
For more information, please contact:
Marie Strand, Marketing Director, the Paradoumo Group: Tel: 072-021 72 27, email: marie.strand@paradoumo.se
or, Frederic Telander, CEO SolTech Energy. Tel: 08-441 88 46, email: frederic.telander@soltechenergy.com
The information contained in this press release conforms to that which SolTech Energy Sweden AB (publ.) is required to make public according to the EU’s regulation.596/2014 concerning securities market abuse. Said information is furnished, via the above-cited contact person’s authorization, for publication on 27 February 2018, 07:00 CET.
SolTech Energy in brief
SolTech Energy develops and sells building-integrated solar energy products for all forms of building structures – commercial, public and residential. The products are a part of a building’s outer shell, as a roof, wall or window, containing semi-transparent solar cells for the production of electricity that simultaneously shuts out solar heat. Soltech Energy Sweden AB (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT” with over 14,000 shareholders. Also included in the concern are its jointly owned (51%) subsidiaries ASAB in Sweden and ASRE in China, as well as its wholly owned subsidiary Wasa Rör T Mickelsson AB. The company’s Certified Advisor is G&W Fondkommission (securities broker). For more information see: www.soltechenergy.com
The Paradoumo Group project
The Paradoumo Group’s environmentally smart seaside houses are located in family-friendly Glasbergs Sjöstad, which is ringed by fields, meadows and wooded areas. The Sjöstad area also contains two pre-schools, theme playgrounds and playing fields. In order to make the local surroundings extra secure, the ”Calm-streets principle” has been implemented with suitable street and traffic environments. Only minutes away, all services with regard to shops and restaurants are readily available at Moraberg’s market place.
Hydro Building System’s managing director in Norway, Dag Ove Pettersen, comments:
-I am very glad to see that this project has been realized. We presented SolTech ST to the ‘Lord of Construction’ in the spring of 2017, and he immediately expressed his serious interest. I’m quite sure we will be carrying out several projects with SolTech in the near future.
SolTech Energy´s CEO Frederic Telander comments:
-Building a market with a completely new product, such as our fully building-integrated solar cell, generally takes a long time. Consequently, making a breakthrough in Norway, with its similar esthetic interests and stable economy, is important. Hydro and SolTech have the patience and resources necessary to taking a long term perspective. The orders that are now starting to come in are a first sign that our efforts to obtain a breakthrough in the market as a whole are beginning to take effect.
For more information, please contact:Frederic Telander, CEO SolTech Energy. Tel: 08-441 88 46, email:frederic.telander@soltechenergy.com
The information contained in this press release conforms to that which SolTech Energy Sweden AB (publ.) is required to make public according to the EU’s regulation.596/2014 concerning securities market abuse. Said information is furnished, via the above-cited contact person’s authorization, for publication on 21 February 2018, 07:00 CET.
SolTech Energy in brief:
SolTech Energy develops and sells building-integrated solar energy products for all forms of building structures – commercial, public and residential. The products are a part of a building’s outer shell, as a roof, wall or window, containing semi-transparent solar cells for the production of electricity that simultaneously shuts out solar heat. Soltech Energy Sweden AB (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT” with over 14,000 shareholders. Also included in the concern are its jointly owned (51%) subsidiaries ASAB in Sweden and ASRE in China, as well as its wholly owned subsidiary Wasa Rör T Mickelsson AB. The company’s Certified Advisor is G&W Fondkommission (securities broker). For more information see: www.soltechenergy.com
The installation is estimated to cover a surface measuring circa 2.5 hectors (25,000 m2) and produce circa 2,500,000 kWh annually. The customer contractually commits to buying all the electricity the installation produces over 20 years. Over this same period, ASRE receives subsidies from the central government based on every kilowatt-hour (kWh) delivered to the customer. Investment in the installation, which continues to be owned by ASRE, amounts to approximately 18.3 MSEK (1.86 MEUR) and it is estimated to be completed during the third quarter of 2018.
CEO Frederic Telander comments:
- ” Shanghai, with a population of 25 million, is a very interesting market. Moreover, the governmental authorities act quickly to couple installations to the central network when they are fully completed, which, in turn, means a quicker start of new income flows to ASRE. We have established a customer base for some time now in Shanghai, a plus factor that demonstratively also generates more business.
For more information, please contact: Frederic Telander, CEO SolTech Energy. Tel: 08-441 88 46, email; frederic.telander@soltechenergy.com
The information contained in this press release conforms to that which SolTech Energy Sweden AB (publ.) is required to make public according to the EU’s regulation.596/2014 concerning securities market abuse. Said information is furnished, via the above-cited contact person’s authorization, for publication on 1 February 2018, 08:30 CET.
SolTech Energy in brief:
SolTech Energy develops and sells building-integrated solar energy products for all forms of building structures – commercial, public and residential. The products are a part of a building’s outer shell, as a roof, wall or window, containing semi-transparent solar cells for the production of electricity that simultaneously shuts out solar heat. Soltech Energy Sweden AB (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT” with over 14,000 shareholders. Also included in the concern are its jointly owned (51%) subsidiaries ASAB in Sweden and ASRE in China, as well as its wholly owned subsidiary Wasa Rör T Mickelsson AB. The company’s Certified Advisor is G&W Fondkommission (securities broker). For more information see: www.soltechenergy.com.
Investment in China
SolTech’s investment in China is carried out by a jointly owned company, Advanced SolTech Renewable Energy (Hangzhou) Co. Ltd (ASRE), where SolTech owns 51 percent and Advanced Solar Power Hangzhou Inc. (ASP) owns 49 percent. The business model consists of having ASRE finance, install, own, and periodically service solar energy installations mounted on the roofs of customer-owned facilities. The customer does not pay for the installed solar energy unit, but instead undersigns a long-term, 20-25 year contract to buy all the electricity and/or thermal heat the relevant unit produces. ASRE’s current income comes from the sale of electricity to customers, along with various forms of subsidies per produced kWh. Focus is now concentrated on building a backlog of orders for 2018 and beyond, with the goal of obtaining an installed capacity of 605 MW (megawatts) by the close of 2021, which in 2022 will be set into full operation, generating current annual sales amounting to approximately 1 billion SEK (100 MEUR).
For more information, please contact: Frederic Telander, CEO SolTech Energy. Tel: 08-441 88 46, email: frederic.telander@soltechenergy.com
The information contained in this press release conforms to that which SolTech Energy Sweden AB (publ.) is required to make public according to the EU’s regulation.596/2014 concerning securities market abuse. Said information is furnished, via the above-cited contact person’s authorization, for publication on 16 January 2018, 07:00 CET.
SolTech Energy in brief
SolTech Energy develops and sells building-integrated solar energy products for all forms of building structures – commercial, public and residential. The products are a part of a building’s outer shell, as a roof, wall or window, containing semi-transparent solar cells for the production of electricity that simultaneously shade out solar heat. Soltech Energy Sweden AB (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT” with over 13,000 shareholders. Also included in the concern are its jointly owned (51%) subsidiaries ASAB in Sweden and ASRE in China, as well as its wholly owned subsidiary Wasa Rör T Mickelsson AB. The company’s Certified Advisor is G&W Fondkommission (securities broker). For more information see: www.soltechenergy.com.
Investment in China
SolTech’s investment in China is carried out by a jointly owned company, Advanced SolTech Renewable Energy (Hangzhou) Co. Ltd (ASRE), where SolTech owns 51 percent and Advanced Solar Power Hangzhou Inc. (ASP) owns 49 percent. The business model consists of having ASRE finance, install, own, and periodically service solar energy installations mounted on the roofs of customer-owned facilities. The customer does not pay for the installed solar energy unit, but instead undersigns a long-term, 20-25 year contract to buy all the electricity and/or thermal heat the relevant unit produces. ASRE’s current income comes from the sale of electricity to customers, along with various forms of subsidies per produced kWh. Focus is now concentrated on building a backlog of orders for 2018 and beyond, with the goal of obtaining an installed capacity of 605 MW (megawatts) by the close of 2021, which in 2022 will be set into full operation, generating current annual sales amounting to approximately 1 billion SEK (100 MEUR).
For more information, please contact: Frederic Telander, CEO SolTech Energy. Tel: 08-441 88 46, email: frederic.telander@soltechenergy.com
The information contained in this press release conforms to that which SolTech Energy Sweden AB (publ.) is required to make public according to the EU’s regulation.596/2014 concerning securities market abuse. Said information is furnished, via the above-cited contact person’s authorization, for publication on 11 January 2018, 07:00 CET.
SolTech Energy in brief
SolTech Energy develops and sells building-integrated solar energy products for all forms of building structures – commercial, public and residential. The products are a part of a building’s outer shell, as a roof, wall or window, containing semi-transparent solar cells for the production of electricity that simultaneously shade out solar heat. Soltech Energy Sweden AB (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT” with over 12,000 shareholders. Also included in the concern are its jointly owned (51%) subsidiaries ASAB in Sweden and ASRE in China, as well as its wholly owned subsidiary Wasa Rör T Mickelsson AB. The company’s Certified Advisor is G&W Fondkommission (securities broker). For more information see: www.soltechenergy.com.
Investment in ChinaSolTech’s investment in China is carried out by a jointly owned company, Advanced SolTech Renewable Energy (Hangzhou) Co. Ltd (ASRE), where SolTech owns 51 percent and Advanced Solar Power Hangzhou Inc. (ASP) owns 49 percent. The business model consists of having ASRE finance, install, own, and periodically service solar energy installations mounted on the roofs of customer-owned facilities. The customer does not pay for the installed solar energy unit, but instead undersigns a long-term, 20-25 year contract to buy all the electricity and/or thermal heat the relevant unit produces. ASRE’s current income comes from the sale of electricity to customers, along with various forms of subsidies per produced kWh. Focus is now concentrated on building a backlog of orders for 2018 and beyond, with the goal of obtaining an installed capacity of 605 MW (megawatts) by the close of 2021, which in 2022 will be set into full operation, generating current annual sales amounting to approximately 1 billion SEK (100 MEUR).
For more information, please contact: Frederic Telander, CEO SolTech Energy. Tel: 08-441 88 46, email: frederic.telander@soltechenergy.com
The information contained in this press release conforms to that which SolTech Energy Sweden AB (publ.) is required to make public according to the EU’s regulation.596/2014 concerning securities market abuse. Said information is furnished, via the above-cited contact person’s authorization, for publication on 9 January 2018, 07:00 CET.
SolTech Energy in brief
SolTech Energy develops and sells building-integrated solar energy products for all forms of building structures – commercial, public and residential. The products are a part of a building’s outer shell, as a roof, wall or window, containing semi-transparent solar cells for the production of electricity that simultaneously shade out solar heat. Soltech Energy Sweden AB (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT” with over 13,000 shareholders. Also included in the concern are its jointly owned (51%) subsidiaries ASAB in Sweden and ASRE in China, as well as its wholly owned subsidiary Wasa Rör T Mickelsson AB. The company’s Certified Advisor is G&W Fondkommission (securities broker). For more information see: www.soltechenergy.com.
Investment in China
SolTech’s investment in China is carried out by a jointly owned company, Advanced SolTech Renewable Energy (Hangzhou) Co. Ltd (ASRE), where SolTech owns 51 percent and Advanced Solar Power Hangzhou Inc. (ASP) owns 49 percent. The business model consists of having ASRE finance, install, own, and periodically service solar energy installations mounted on the roofs of customer-owned facilities. The customer does not pay for the installed solar energy unit, but instead undersigns a long-term, 20-25 year contract to buy all the electricity and/or thermal heat the relevant unit produces. ASRE’s current income comes from the sale of electricity to customers, along with various forms of subsidies per produced kWh. Focus is now concentrated on building a backlog of orders for 2017 and beyond, with the goal of obtaining an installed capacity of 605 MW (megawatts) by the close of 2021, which in 2022 will be set into full operation, generating current annual sales amounting to approximately 1 billion SEK (100 MEUR).
Proposal and decision
The extraordinary general meeting decided to approve the board’s proposal in accord with the notice concerning:
- Adoption of new articles of incorporation
- Confirmation of current general new share issue authorization
- Specific new share issue authorization with respect to oversubscription option allocations
Protocol from the annual general meeting, with complete decisions, will be available at the Company’s website, www.soltechenergy.com.
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FOR FURTHER INFORMATION, CONTACT
Stefan Ölander, Chairman of the Board, SolTech Energy AB, Telephone: 070–739 80 00,
email: stefan.olander@soltechenergy.com
More information can be accessed at: www.soltechenergy.com.
The above information was made available for publication on 20 December 2017 at 3:30 AM CET
The information contained in this press release conforms to that which SolTech Energy Sweden AB (publ.) is required to make public according to the EU’s regulation.596/2014 concerning securities market abuse. Said information is furnished, via the above-cited contact person’s authorization, for publication on 20 December 2017, 15:30 CET.
SolTech Energy AB (publ.) in brief
SolTech Energy is a Swedish solar energy company that specializes in developing esthetically attractive solutions that work towards having every building producing more energy than it consumes. SolTech Energy develops its own products, which form part of a building’s outer shell and produce hot water or electricity. The products are based on research carried out at Kungliga Tekniska Högskolan (KTH- Royal Institute of Technology). Included in the product assortment are unique, customer-tailored semi-transparent thin-film solar cells that, among other retail venues, are now sold via the Company’s exclusive contract with Sapa Building Systems throughout the Nordic and Baltic region. SolTech Energy Sweden AB (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT”. Included in the concern is its wholly owned subsidiary Wasa Rör T Mickelsson AB, as well as its jointly owned (51%) subsidiaries Advanced SolTech Sweden AB (publ.) ASAB, and Advanced SolTech Renewable Energy Hangzhou Inc. (ASRE). The company’s Certified Advisor is G&W Fondkommission (securities broker). For more information see: www.soltechenergy.com