An additional 1.82 MW (megawatts) are now coupled to the electric network in China, generating income

SolTech’s subsidiary in China, ASRE, has coupled yet another solar energy installation to the electric network, now raising the total of coupled installations to twenty-three, equivalent to 24.47 MW. Calculated on a cumulative 12-month rolling basis, these coupled installations are estimated to generate approximately 39.6 MSEK (3.96 MEUR) annually, with a good margin of profit. ASRE is consolidated into the SolTech concern according to the Proportional Method, and thereby, SolTech’s proportional share of the just-cited estimated annual income is 51 percent.

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 18 December 2017, 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 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).

Release

SolTech Energy has signed a lette of intent with Ekerö Arena, a notable real estate development project classed on the billion-SEK level. This initial contract outlines SolTech’s participation, in cooperation with other parties, in a project undertaken to make Ekerö Arena completely energy self-sufficient with respect to both electricity and heating.

SolTech’s unique building-integrated solar energy products are planned to be used in order to capitalize on their esthetic integration with roofs, facades, windows and balconies. In addition, access to solar cells of various colors can contribute further artistic enhancement

The Ekerö Arena project is led by Ladza Fastigheter AB and will encompass a public swimming pool, 250 residences, an ice rink, a multi-purpose arena for both sports and concerts, surface-heated football fields, an indoor ski track and a skate park. In addition, schools, hotels and restaurants are planned to be located in the area. The project is to be carried out in stages with building expected to start in 2020.

Lazda Fastigheter has recently signed two letters of intent – in part with SolTech, and in part with SENS, Sustainable Energy Solutions. It marks the start of what will be a somewhat unique cooperative effort that addresses local sustainability, climate responsibility, and energy effectivization.

Solar panels that become roofs, facades and windows
With SolTech Energy’s revolutionary concepts in solar cell technology that make possible fully building integrated installations, Ekerö Arena obtains both sunlight and solar protection through roofs, walls and windows – which, at the same time, turn sunlight into electricity.

”All glass surfaces absorb usable solar energy,” observes Stefan Ölander with SolTech Energy. ”Ekerö Arena’s architecture and size clearly contribute to our being able to maximize the total number of panels on the buildings. And now, when the technology of semi-transparent and colored, thin-film solar cells definitively exists, we must realistically anticipate that more people and businesses will utilize their roofs, facades, windows and balconies to generate energy.”
Energy warehouses that save both heat and cold
By making use of bedrock’s intrinsic storage capacity, a natural energy source can be created. This means, for example, that the summer’s heat is warehoused (in the bedrock) and can be accessed when it’s needed – in winter! The reverse process is also self-evident. That is to say, when people have need of ”cold” in the summer, they can access the warehoused lower temperature at the same time they stock the warehouse with heat – In this way, the seasons change place and everyone wins.

“Through our system, we are able to heat up and cool down residences, swimming pool facilities, and schools. We do this with the surplus heat and surplus cold that result when we heat or, respectively, cool for example, ice rinks, indoor ski tracks, swimming pools, offices and artificial playing fields,” explains Jan Egenäs with SENS.

A perfect combination for becoming ”off grid”
The first step toward obtaining a structure or, as in this case, a large building complex, that is entirely self-sufficient with respect to its energy needs has now been made on behalf of Ekerö Arena’s account.

”It feels very satisfying that we have now written our ’letters of intent’,” states Olle Nordberg with Ladza. ”Our goal – which, thanks to our cooperation with SolTech Energy and SENS, is not at all unrealistic – is that we will be able to produce and store all the energy we need. In addition, we thereby create the preconditions necessary to achieving an economically sustainable project by eliminating a large part of the operational overhead. As with all decisions regarding Ekerö Arena, we strive to make smart and farsighted
choices. It is in this way that one builds for the future.”

Stefan Ölander, SolTech Energy Chairman of the Board, comments:
”If the high level of the climate goals cited in the Paris Agreement are to be met, then buildings of the future must be erected making use of the climate-friendly building technology that, in fact, already exists. At SolTech, we are proud over contributing to the effort of making Ekerö Arena ”off grid”. It fits in well with our vision of creating and providing esthetically appealing solutions that work to promote and bring closer the day every building will produce more energy than it consumes.”

Press contacts:

SolTech Energy Sweden AB, Stefan Ölander. Tel no: 070-739 80 00.
stefan.olander@soltechenergy.com, https://www.soltechenergy.com

Ladza Fastigheter AB. Olle Nordberg. Tel no: 070-862 88 00
olle.nordberg@ladza.se, https://www.ladza.se

SENS – Sustainable Energy Solutions AB. Jan Egenäs. Tel no: 070-593 71 38
jan.egenas@sens.se, https://www.sens.se

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.

Release

The customer is JiangSu YangHe Brewery Joint-Stock Co Ltd. and the order covers the installation of a solar energy installation estimated to provide an annual income amounting to 15.4 MSEK. The reason for SolTech Energy’s Chinese partner, Avanced Solar Power Hangzhou Inc, (ASP), having first signed this order is that the customer during negotiations, which ASRE fully participated in, had an unequivocal requirement that the supplier must be able to present certified year-end financial statements extending for at least five years. Since ASRE was founded in 2015, this was a requirement the company obviously could not meet. Therefore, ASP signed the customer order and contracted to sell the installation to ASRE at cost, upon its having been completed and set into operation, which is expected to take place during the third quarter of 2018. Over the contract’s 20-year term, cumulative income is estimated to amount to approximately 308 MSEK.

The installation will cover a roof surface measuring circa 13 hectare (130,000 m²) and produce circa 14,040,000 kWh annually. The customer is contractually committed to buying all the electricity the installation produces over the course of 20 years. Parallel with this income, the central government disburses a proportional subsidy over said 20-year period. Investment in the installation, which is expected to be completed during the third quarter of 2018, amounts to approximately 96 MSEK (9.6 MEUR). With the inclusion of this installation, ASRE has thus far signed solar energy contracts equivalent to a cumulative total capacity of 52.34 MW, and has thereby met its 50 MW sales goal set for this year. All told, with this signing, ASRE has contracted a sum total installation capacity of 71.8 MW; whereof 22.65 MW are coupled to the central network, with 9.95 MW under construction, and 39.2 MW contracted but not yet begun.

JiangSu YanglHe Brewery is one China’s biggest central producers of strong beer/red wine and is listed on the Shenzhen Stock Exchange with a market value of approximately two billion SEK (200 MEUR). The company is headquartered and has its biggest market directly north of Shanghai in JiangSu Province, containing a resident- population of 80 million.

CEO Frederic Telander comments:

”When ASRE received an 8 MW order from Nanjing Gold Dragon Bus in February, we realized what enormous roofs, and thereby, what extensive business possibilities exist in China. This order with JiangSu YangHe Brewery underlines this direct relation. We are grateful that ASP made it possible for this affair to conclude successfully. The solar cells will come to cover a surface equivalent to the area covered by approximately 18 football fields, and every year they will produce as much electricity as that consumed by circa 1,000 Swedish free-standing houses.”

For more information, please contact: Frederic elander, 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 December 2017, 07:00 CET.

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).

Release

The Ereim concern has placed an order for SolTech ShingEl amounting to very near 1,4 MSEK for its Skogshöjden Projekt AB project in Ulricehamn, which is going to be constructed in the summer of 2018.

By having chosen SolTech ShingEl, which is both a solar cell and roofing in the same product, Ereim secures two functions in the same solution. ShingEl has been developed by SolTech Energy and will be widely launched to both the private market and to the commercial construction and real estate market. ShingEl is equally suited to new building projects as it is to the renovation of existing roofs. For Eriem’s Skogshöjden residential site, the cost savings stand to be substantial since a roof is not simply being built with traditional roofing materials, but rather with ShingEl directly on roofing paper and battens.

SolTech´s CEO Frederic Telander comments:

We are very happy about this business transaction with Ereim, a company that has sold over 800 homes throughout Sweden since its inception in 2010, focusing on homes that are energy effective. Skogshöjden is a modest-sized development site consisting of nine attached residential buildings housing a total of 18 individual condominiums. This residential development is the first to be entirely roofed with ShingEl, which will be exciting to see and, at the same time, underline the product’s competitive strength. ShingEl has gotten off to a “tasty” start and we have barely begun.

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 6 December 2017, 07:00 CET.

ShingEl
SolTech ShingEl is a building-integrated solar cell that functions as a roof tile and is seamlessly compatible installed side-by-side with Bender’s Carisma roof tile. ShingEl has been developed by SolTech Energy and will be introduced to the market in a widespread launch during 2018 that will include both the private market, and the commercial construction and real estate markets. ShingEl is equally suited to new building projects as it is to the renovation of existing roofs.

Ereim AB in brief
Ereim Ab is project developer powerfully motivated to create home environments where people can expand and enrich the quality of their lives. Ereim builds well-planned, price-worthy homes so that more people get a chance to own their homes without having to abandon the concept of maintaining a well-balanced private economy. Our homes are fundamentally designed to be energy effective, and by taking advantage of solar cells and other intelligent solutions we seek to create conditions tha

Release

SolTech’s subsidiary in China, ASRE, has coupled yet another solar energy installation to the electric network, raising the total of coupled installations to twenty-two and total coupled capacity to 22.65 MW (megawatts). Calculated on a cumulative 12-month rolling basis, these coupled installations are estimated to generate approximately 36.9 MSEK (3.7 MEUR) annually, with a good margin of profit. ASRE is consolidated into the SolTech concern according to the Proportional Method, and thereby, SolTech’s proportional share of the just-cited estimated annual income is 51 percent.

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 30 November 2017, 07:00 CET.

Release

ShingEl

Vasakronan has placed an order worth approximately one million SEK (100,000 EUR) for ShingEl to be installed on the Dragabrunn 19:10 building in Uppsala, which is going to be renovated in the coming spring of 2018. Vasakronan is Sweden’s largest real estate company with real property holdings valued at approximately 123 billion SEK ( … EUR).

SolTech ShingEl is a building-integrated solar cell that functions as a roof tile and is seamlessly compatible when installed side-by-side with Bender’s Carisma roof tile. ShingEl has been developed by SolTech Energy and will be introduced to the market in a widespread launch during 2018 that will include both the private market, as well as the commercial building market dominated by large construction companies and real estate firms. ShingEl is equally suited to new building projects as it is to the renovation of existing roofs. In the case of Vasakronan’s Dragarbrunn 19:10 building, the cost savings will particularly noticeable, since it will be necessary to change the existing banded sheet-metal roofing. Had Vasakronan chosen traditional solar cells, it would have been necessary to mount them over the new sheet-metal roof. By having chosen ShingEl, which is both a solar cell and a roofing material in the same product, Vasakronan has obtained two essential functions with the single roof replacement, i.e. a solar cell installation and a new roof.

SolTech’s CEO Frederic Telander comments:

We view this as a breakthrough-order within the ”Big Business” sector, since Vasakronan is, in its field, the biggest in Sweden and has always been a model example within sustainable development. When a market leader like Vasakronan points the way in this manner, others generally follow. ShingEl has gotten off to a flying start with the distribution contract and the order from Rexel – then the installation cooperation-agreement with SVEA, and now the order from Vasakronan.”

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 28 November 2017, 07:00 CET.

Release

SolTech Energy has signed a cooperation agreement with SVEA Solar covering the sale and periodic installation of SolTech’s new building-integrated product ShingEl. The market for esthetic solar energy is in its embryonic stage, but nonetheless deemed to capture large market shares over the coming years.

SolTech Energy’s core strategy is to be an innovator, producer and supplier of unique, integrated solar energy solutions that fulfill several functions in the same product. SolTech ShingEl is just such a product with the private market as its target group, and therefore the need of a strong partner within sales and installation. SVEA Solar sells and installs solar cells throughout the country and is one of the leading actors in the Swedish solar cell market.

SolTech Energy’s CEO Frederic Telander comments:

In order to meet the ever increasing interest from private individuals and bostadsrättföreningar (roughly: Co-op apartment building associations) and similar interested parties, we can now direct these customers to SVEA Solar, which is a nation-wide solar energy installer. As earlier announced, we have sealed a contract with Rexel – one of the world’s leading electric wholesalers. With this contract with Rexel, we secure distribution and the product support that solar energy requires, as well as a widespread launching of ShingEl to building contractors and real estate firms. Through our cooperation agreement with SVEA, we now have a complete distribution strategy for the Swedish market, and thereby, have become significantly more effective. SVEA Solar has, over a short expanse of time, built up an impressive company, and we feel safe in projecting that they will serve all ShingEl customers in an exemplary way.

SVEA Solar’s CEO Erik Martinson comments:

Esthetic and building-integrated solar energy is the future. Within 4 – 5 years it is our conviction that this form of solar energy will come to completely dominate the market. We have evaluated the few similar products found in the market and concluded that ShingEl is the best, and we are therefor very pleased that SolTech has signed this cooperation agreement with us.

For more information, please contact: Frederic Telander, CEO SolTech Energy. Tel: 08-441 8846, email: : frederic.telander@soltechenergy.com or Erik Martinson, CEO SVEA Solar. Tel: 073 060 8910. Email: : erik.martinson@sveasolar.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 22 November 2017, 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.

Release

Participants
Shareholders who wish to participate in the general meeting will, in part, be noted in the shareholder’s register administrated by Euroclear Sweden AB no later than 14 December 2017 (for nominee registered shareholders, also see the below paragraph: ”Nominee registered shares”), and, in part, they must notify the Company no later than Monday, 18 December 2017 by means of conventional post addressed to SolTech Energy Sweden AB, Mekanikervägen 12, 146 33 Tullinge, or alternatively, via fax 08-441 88 41 or email info@soltechenergy.com. In this notification, shareholders shall provide their name and personal identification number, or the relevant trustee’s name and organization number. In addition, the address, telephone number, total number of shares held and probable number of people attending (max two) shall also be furnished.

Nominee-registered shares
Shareholders who have their stock nominee-registered through a bank or other trustee must, in order to participate in the general meeting of shareholders, request that their shares be temporarily registered in their own name in the shareholder’s register with Euroclear Sweden AB. Shareholders wishing such re-registration must inform their trustee of this in good time before 14 December 2017, as this change of registration must be carried out by this date at the latest.

Agents, representatives and so forth
Shareholders may designate one or several agents. Shareholders who are represented by an agent shall complete a written and dated full power of attorney for said agent. The power of attorney shall be in effect no more than one year from the date it was granted, unless a longer period, not to exceed five years, is otherwise specified. Power of attorney granted to a certified legal counselor shall be accompanied by appropriate documentation (registration proof or equivalent substantiation). The original Power of Attorney document, along with other possibly required authorization documentation, should be sent – in good time prior to the general shareholders meeting – to SolTech Energy Sweden AB (publ.), Mekanikervägen 12, 146 33, Tullinge. Formulation of the power of attorney is accessible on the Company’s website, www.soltechenergy.com.

Proposed agenda

Opening of the general meeting
Selection of the chairman at the general meeting
Establish and approve the voting list
Approval of the meeting’s agenda
Selection of one or two recorders of the minutes
Authenticate as to whether the general meeting was properly called
Decide on acceptance of new articles of incorporation
Decide confirmation of current general new share issue authorization
Decide specific new share issue authorization with respect to oversubscription option/warrant allocations
Close the general shareholders meeting

Background to holding the extraordinary general meeting
In as much as the planned preferential rights new share issue, duly published in a press release on 17 November 2017, essentially makes use of the current general authorization for a new share issue established at the 2017 annual general shareholders meeting, at the same time as the Company’s articles of incorporation are being changed, as detailed below; in effect conceding an expanded general new share issue authorization, the board of governors proposes the following:

Proposed decision points

Point 2 – Selection of chairman for the general meeting
Shareholders representing 9.88 percent of the votes propose that Göran Starkebo be chosen as chairman for the general meeting.

Point 7 – Decision re: Adoption of new articles of incorporation
The board of governors proposes that the general meeting decides on changes in the company’s articles of incorporation, by reason of the board having decided, on 16 November 2017, to authorize a preferential rights new share issue and possible over-subscription option allocations, as follows:

The boundaries for the Company’s capital stock ( 4 in the articles of incorporation) are changed from lowest 500,000 SEK and highest 2,000,000 SEK, to lowest 750,000 SEK and highest 3,000,000 SEK.
The boundaries for the Company’s total number of shares ( 5 in the articles of incorporation) are changed from lowest 10,000,000 and highest 40,000,000 shares, to lowest 15,000,000 and highest 60,000,000 shares.

Point 8 – Decision re: Confirmation of the current general authorization for a new share issue. As the planned preferential-rights new share issue decidedly makes use of the current general authorization granted at this year’s annual general shareholders meeting, simultaneous with changes being made in the company’s articles of incorporation as described in the previously presented decision point, an expanded general authorization can be denoted. Therefore, the board of governors proposes that the general meeting confirm the current general authorization for a new issue, as follows:

The current general authorization for a new share issue shall remain in force until next year’s annual shareholders meeting, also meaning said authorization will continue to apply after the articles of incorporation’s capital boundaries have been changed in line with the previously-presented decision point; which is to say, within the framework the articles of incorporation can allow after the raised capital boundaries.

Point 9 – Decision re: New share issue authorization specific to over-subscription allotment options
The board of governors proposes that the general meeting give the board a specific new share issue authorization in connection with the planned preferential-rights new share issue that was decided under the current general authorization. This specific authorization will apply separate and apart from the general new share issue authorization, as follows: In the event of strong interest in the preferential rights new share issue, the board of governors shall have the right to allocate shares in a separately directed new share issue. The total sum of additional new shares realized through such a separately directed new share issue, following the completion of over-subscription allotments, shall, at the highest, amount to 2,976,190 new shares. The subscription price for these shares shall be at the same or a higher price than the shares in the preferential-rights new share issue, where allocations shall only be made to such professional and institutional investors or existing shareholders who have subscribed without preferential rights in the preferential-rights new share issue but have not received an allotment. Existing shareholders shall thereby have preference.

Decisions according to points 7, 8, and 9 are in force only if they are supported by the shareholders with at least two-thirds in both distinct votes made at the general meeting by those who represent the shares.

Access to the course of actions
Actions relating to the general shareholders meeting and the Board of Governor’s complete decisions and proposals, as well as other actions taken before the general shareholders meeting, will be, as of 6 December 2017, made available at the Company (address and telephone as indicated above), and via the Company’s website www.soltechenergy.com. Said actions will be sent, cost-free, to shareholders who request them.

Stockholm, November 2017

SolTech Energy Sweden AB (publ.)

Board of Governors

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 November 2017, 07:00 CET.

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 (103 MEUR).

Release

ASRE, Soltech Energy’s subsidiary in China, has signed an order with Ningbo TaiMao Bicycle Industry Co. Ltd. This is ASRE’s next largest order ever and also marks the tenth signed in Ningbo city. The order covers the installation of a 5 MW (megawatt) solar energy unit estimated to generate an annual income amounting to approximately 6.1 MSEK. Over the contract’s 20-year term, cumulative income is estimated to mount to approximately 122 MSEK.

The installation is estimated to cover a surface area measuring circa 5 hectares (appx. 50,000 m²) and estimated to produce circa 5,000,000 kWh annually. The customer is contractually commited to buying all the electricity the installation produces over a 20-year period. In concert with this income, ASRE receives subsidies from the province and central government over this 20-year period. Investment in the installation, which continues to be owned by ASRE, amounts to approximately 39.65 MSEK (4 MEUR), and it is expected to be completely installed during the third quarter 2018.

CEO Frederic Telander comments:

Yet another customer in Ningbo – Now we are starting to establish a truly solid presense in the city, which has over 10 million inhabitents. In addition, the responsible authorities in Ningbo strive to have the installations quickly coupled to the central network once they are completed, which, in turn, means a quicker start to ASRE’s income flow. Moreover, with a number of ongoing projects in the same city, we also benefit from economies of scale, but even more evident are the benefits drawn from continuing to build a list of successful installations and happy customers.

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 20 November 2017, 07:00 CET.

Release

SolTech Energy’s subsidiary in China, ASRE, has signed an order with JiangSu JinYuan Flax Co Ltd. Like Hangzhou, ASRE’s home city, the province of Jiangsu is part of the heavily populated area surrounding Shanghai. The order covers the installation of a 3 MW (megawatt) solar energy unit, estimated to provide an annual income of approximately 3.7 MSEK (0.34 MEUR). Over the contract’s 20-year term, cumulative income is estimated to amount to approximately 74 MSEK (7.5 MEUR).

The installation is estimated to cover a roof surface measuring circa 3 hectare (ca.30,000 sq. m) and produce an estimated total of circa 3,030,000 kWh. By way of comparison, Sweden’s largest solar cell installation, namely, Solsiden in Varberg, has an installed effect of 2.7 MW. The customer is committed to buying all the electricity the installation produces over the course of 20 years. Parallel with this income, ASRE receives subsidy payments from the central government over that 20-year period. Investment in the installation, which continues to be owned by ASRE, amounts to approximately 23.7 MSEK (2,38 MEUR) and the installation is expected to completed during the second quarter of 2018.

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 7 November 2017, 07:00 CET.

Release