The order is for a solar cell field installation capable of producing the equivalent of 240 KW (240,000 watts). Plans call for the installation to be carried out during the third quarter of 2017 at Karlsviken AB’s Norrby Gård (Norrby), located outside Norrtälje,

The installation will provide almost 70 percent of Norrby’s annual electricity consumption; moreover, the installation will be set up so that the electricity it produces is first and foremost made available to Norrby’s dwellings and industrial buildings, with possible excess production sold to the central network.

  • SolTech continues to note a strong, ever-rising interest in solar energy solutions, especially among real estate/property owners. This pronounced trend is not only a question of environmental concern, but also of long range economic planning. Large industrial customers/installations are therefore one of our focus-areas, and today we have qualified personnel dedicated to this segment of our business. We have a well-developed pipeline within the area and see many possibilities of doing more such business in the near future,” observes Frederic Telelander, CEO of SolTech Energy.
  • Karlsviken strives to make its entire property holdings energy neutral via the use of renewable energy, and this field installation is a big step toward achieving that goal. Thanks to the flexibility in the electricity network we are able to sell any excess, and thereby contribute to Sweden’s changeover from usual energy sources. Best of all: We envision significant savings for Norrby Gård,” states Per Nordin, CEO of Karlsviken

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 13 July 2017, at 07:00 CET.

SolTech Energy AB (publ.) in brief
SolTech Energy is a Swedish solar energy company that specializes in developing and implementing esthetically attractive solutions that enable every building to produce more energy than it consumes. SolTech Energy develops its own products, which are based on research carried out at Kungliga Tekniska Högskolan (KTH- Royal Institute of Technology) and are a part of a building’s outer shell that produce hot water or electricity. 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”. Also included in the concern are its jointly owned (51%) subsidiaries Advanced SolTech Sweden AB (publ.) ASAB, and Advanced SolTech Renewable Energy, Hangzhou Inc. (ASRE), as well as its wholly owned subsidiary Wasa Rör T Mickelsson AB. The company’s Certified Advisor, with respect to its listing on Nasdaq First North, is G&W Fondkommission (securities broker). For more information see: www.soltechenergy.com

Release
The following text presents the company’s first business status update for 2017. Such periodic updates are published in addition to the publication of interim and year-end financial reports, as well as ordinary press releases.

SolTech continues to develop in a positive direction with undiminished strength. We are convinced that that the expansion of solar energy will be greater than anyone thought possible only a few years ago, and further, that SolTech is well positioned to take a healthy bite of this ever-rising ”cake” both at home and in China. Cited below is a sampling of examples gleaned from ongoing business activities that reinforces this perception.

SolTech Energy’s subsidiary ASRE is on the threshold of obtaining governmental financial support in China.

Last week, SolTech Energy’s CEO Frederic Telander and its Board chairman Stefan Ölander concluded a very successful business trip to China.  Among other beneficial results, ASRE received a tentative oral commitment from Hangzhou Economic & Technological Development Area (Heda) – which is to say, the local government of Hangzhou, SolTech’s home city in China – that ASRE will be awarded the equivalent of 0.5 percent of the total out of country capital the company invests in China. Inasmuch as ASRE plans to invest several billion Swedish Crowns over the coming years in its solar cell installations – with the overall goal of obtaining a total installed capacity of 605 MW (megawatts) in 2021 – such a governmental subsidy stands to be quite significant.

Solar energy capacity fully coupled to the electric network in China
To date, ASRE has coupled a sum total solar energy capacity of 18.85 MW* to the central electric network, which is now generating income. Over and above this figure, 7 MW are under construction and the backorder log for 2017 thus far reads 24 MW.

* Whereof the latest 250 KW were booked the week previous to this press release

SolTech ShingEl

After the launch of SolTech’s solar cell roof panel. SolTech ShingEl, at the world’s biggest solar energy convention – SNEC in Shanghai over 19-21 April 2017 – Chinese construction companies and aftermarket retailers have demonstrated strong interest in this unique product.  Together with ASP we have ensured adequate production capacity and begun marketing ShingEl. China is far and away the world’s largest market for roof panels, and thus constitutes truly extensive potential for SolTech ShingEl.

In addition to the launch in China, SolTech js finalizing negotiations with a Swedish partner concerning the launch of ShingEl in our home market.

ISO 9001 certified

As part of SolTech’s inherent effort to continuously improve its operation, and build ever more stabile and well functioning processes, a new conduction system has been introduced and the quality of its processes certified according to ISO 9001. This certification further confirms SolTech’s commitment to quality work.

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 3 July 2017, at 08:15 CET.

SolTech Energy AB (publ.) in brief

SolTech Energy is a Swedish solar energy company that specializes in developing and implementing esthetically attractive solutions that enable every building to produce more energy than it consumes. SolTech Energy develops its own products, which are based on research carried out at Kungliga Tekniska Högskolan (KTH- Royal Institute of Technology) and are a part of a building’s outer shell that produce hot water or electricity. 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”. Also included in the concern are its jointly owned (51%) subsidiaries Advanced SolTech Sweden AB (publ.) ASAB, and Advanced SolTech Renewable Energy, Hangzhou Inc. (ASRE), as well as its wholly owned subsidiary Wasa Rör T Mickelsson AB. The company’s Certified Advisor, with respect to its listing on Nasdaq First North, 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 is the majority (51%) owner and Advanced Solar Power Hangzhou Inc. (ASP) the minority (49%) owner. The business model consists of having said jointly owned company, ASRE, responsible for the financing, installation, ownership, and periodic maintenance of 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 by the close of 2021 an installed capacity of 605 MW (megawatts), which in 2022 will be set into full operation, generating current annual sales amounting to approximately 1 billion SEK (103 MEUR).                               

Release
SolTech’s subsidiary ASRE has coupled yet another solar energy installation to the central electrical network, bringing the total number of coupled installations to eighteen, equivalent to a cumulative capacity of 18.6 MW.  Calculated on a cumulative, 12-month rolling basis, these installations are generating annual income fully amounting to 32 MSEK ( … MEUR). ASRE is consolidated into the SolTech concern in accord with the Proportional Method: Thereby, SolTech is allocated 51 percent of said income.

CEO Frederic Telander comments:

“Over and above the 18.6 MW capacity coupled to the network, we have 7.63 MW under construction and backorders mounting to 24.06 MW, of which 23.7 MW have been sold this year. This means we have achieved 47% of this year’s goal of 50 MW in sold capacity. The strong interest in ARSE’s offer to the market still holds, and we are confident that we will meet this year’s sales goal.”

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 May 2017, at 07:00 CET.

SolTech Energy AB (publ.) in brief
SolTech Energy is a Swedish solar energy company that specializes in developing and implementing esthetically attractive solutions that enable every building to produce more energy than it consumes. SolTech Energy develops its own products, which are based on research carried out at Kungliga Tekniska Högskolan (KTH- Royal Institute of Technology) and are a part of a building’s outer shell that produce hot water or electricity. 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”. Also included in the concern are its jointly owned (51%) subsidiaries Advanced SolTech Sweden AB (publ.) ASAB, and Advanced SolTech Renewable Energy, Hangzhou Inc. (ASRE), as well as its wholly owned subsidiary Wasa Rör T Mickelsson AB. The company’s Certified Advisor, with respect to its listing on Nasdaq First North, 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 is the majority (51%) owner and Advanced Solar Power Hangzhou Inc. (ASP) the minority (49%) owner. The business model consists of having said jointly owned company, ASRE, responsible for the financing, installation, ownership, and periodic maintenance of 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 by the close of 2021 an installed capacity of 605 MW (megawatts), which in 2022 will be set into full operation, generating current annual sales amounting to approximately 1 billion SEK (103 MEUR).                          

Release
SolTech Energy’s annual general meeting was held on18 May 2018 at 6:00 PM in Stockholm at the Stockholm Waterfront Congress Center.

Adoption of income and balance statements

The annual general meeting adopted the income/profit and loss statement and balance sheet of the parent company, as well as the concern’s income statement and balance sheet for the financial year 2016

 Disposition of income

The general meeting determined that no dividend would be paid out for the financial year 2016, and that the cumulative income, 92,227,648 SEK, was to be carried forward in accord with what appears in the statutory administration report.

Board of Directors and Chief Executive Officer

The annual general meeting granted the Board of Directors and the Chief Executive Officer discharge from liability for the financial year 2016.

The annual general meeting reelected Board members Göran Starkebo, Ninna Engberg and Frederic Telander.

Stefan Ölander was reelected Chairman of the Board.

Auditors

The annual general meeting decided to continue retaining the registered accounting firm PwC with certified accountant Bo Åsell as responsible principal auditor.

Board of Directors and auditor’s remuneration

The annual general stockholders’ meeting determined that the Chairman of the Board shall receive 100,000 SEK, and that the remaining Board members, who are not employees of the concern, shall each receive 50,000 SEK. No special compensation shall be paid for committee work. Accounting fees shall be paid in accord with approved invoices within the parameters of relevant offers.

Other suggestions and decisions

The annual general meeting decided to approve the Board’s suggestion regarding the notice (to a meeting) about:

  • Renewed authorization to make decisions about new issues of stock, and/or convertibles, and/or warrants
  • New company by-laws aimed at rectifying diverse minor formality-oriented faults.
  • Establishment of a new options program intended to function in support of incentive programs.

A full report on the proceedings of this year’s annual general meeting, with complete decisions, will be accessible on the company’s website, www.soltechenergy.com.

————————————————————————————————

FOR FURTHER INFORMATION, PLEASE CONTACT:

Stefan Ölander, Chairman of the Board, SolTech Energy AB, Tel: 070–739 80 00.

eMail: stefan.olander@soltechenergy.com

For more information, see: www.soltechenergy.com.
This information has been released for publication at 20:00, on 18 May 2017.

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 May 2017, at 20:00 CET.

SolTech Energy AB (publ.) in brief

SolTech Energy is a Swedish solar energy company that specializes in developing and implementing esthetically attractive solutions that enable every building to produce more energy than it consumes. SolTech Energy develops its own products, which are based on research carried out at Kungliga Tekniska Högskolan (KTH- Royal Institute of Technology) and are a part of a building’s outer shell that produce hot water or electricity. 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”. Also included in the concern are its jointly owned (51%) subsidiaries Advanced SolTech Sweden AB (publ.) ASAB, and Advanced SolTech Renewable Energy, Hangzhou Inc. (ASRE), as well as its wholly owned subsidiary Wasa Rör T Mickelsson AB. The company’s Certified Advisor, with respect to its listing on Nasdaq First North, is G&W Fondkommission (securities broker). For more information see: www.soltechenergy.com

Release
SolTech Energy’s subsidiary in China, ASRE, has signed an order with ShaoXing Shangyu Shunhe Electric Appliance for Illumination Co. Ltd. This fourth order in the city of Shangyu covers the installation of a 2 MW (megawatt) solar energy system estimated to provide an annual income amounting to approximately 2,98 MSEK (0.30 MEUR). Over the contracts 20-year term, cumulative income is estimated to mount to approximately 59.6 MSEK. With the inclusion of this order, ASRE has now reached 23.7 MW of the 50 MW goal set for 2017, which means that a solid 47% of this year’s goal has been achieved.

The installation is estimated to cover a roof surface measuring circa 2 hectors (20,000 m2) and produce circa 2,000,000 kWh on an annual basis. The customer is contractually committed to buying all the electricity the installation produces over 20 years. Investment in the installation, which continues to be owned by ASRE, amounts to approximately 19.24 MSEK (1.98 MEUR), and it’s construction is expected to be completed during the third quarter of 2017.

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 May 2017, at 07:00 CET.

SolTech Energy AB (publ.) in brief
SolTech Energy is a Swedish solar energy company that specializes in developing and implementing esthetically attractive solutions that enable every building to produce more energy than it consumes. SolTech Energy develops its own products, which are based on research carried out at Kungliga Tekniska Högskolan (KTH- Royal Institute of Technology) and are a part of a building’s outer shell that produce hot water or electricity. 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”. Also included in the concern are its jointly owned (51%) subsidiaries Advanced SolTech Sweden AB (publ.) ASAB, and Advanced SolTech Renewable Energy, Hangzhou Inc. (ASRE), as well as its wholly owned subsidiary Wasa Rör T Mickelsson AB. The company’s Certified Advisor, with respect to its listing on Nasdaq First North, 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 is the majority (51%) owner and Advanced Solar Power Hangzhou Inc. (ASP) the minority (49%) owner. The business model consists of having said jointly owned company, ASRE, responsible for the financing, installation, ownership, and periodic maintenance of 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 by the close of 2021 an installed capacity of 605 MW (megawatts), which in 2022 will be set into full operation, generating current annual sales amounting to approximately 1 billion SEK (103 MEUR).

Release
SolTech Energy has received orders for SolTech ShingEl from three new customers, cumulatively mounting to a worth of one million crowns (1,000,000 SEK/103,000 EUR). The cumulative total effect of the three installations is 47.2 KW (47,215 watts).

The following orders have been received:

  • Riksbyggen AB 

    The new tenant-owners association, Entrén, located in Åby Ängar, Vallentuna, has chosen SolTech’s electricity-producing roof material. Total effect: 25,200 watts.

  • Byggnadsmiljö ABSolTech ShingEl modules, equivalent to producing a total electrical effect of 6,919 watts, are to be mounted on a combination office and residence building in Norrköping. The deciding factor for the customer was the product’s esthetic design.
  • Privately owned large apartment building 

    SolTech ShingEl modules have been ordered for a large apartment building, consisting of 14 apartments, in Hägersten. The total effect will be 15,096 watts. The choice of SolTech ShingEl was decided on the basis of the module’s design, function and appearance.

CEO Frederic Telander comments:

  • One of the main reasons many potential customers have refrained from making use of solar energy is the strong impact the installation of traditional solar cells has on the house or building’s appearance.  Considerations, such as cost relative to the product’s lifespan, and the financial benefit over the course of the product’s lifespan, are also vital. Due to SolTech Shingel’s being both an attractive roof panel as well as a highly functional solar cell, when a roof is going to be re-laid, the cost of the roofing material can, in effect, be deducted from the cost of a solar installation. Price-wise, we are therefore well positioned and see a strong, widespread potential for ShingEl in the future.ShingEl is similar in concept to Elon Musk’s solar panels being launched in the USA via Tesla Solar, which is a development that validates our solution.

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 May 2017, at 07:00 CET.

SolTech Energy AB (publ.) in brief
SolTech Energy is a Swedish solar energy company that specializes in developing and implementing esthetically attractive solutions that enable every building to produce more energy than it consumes. SolTech Energy develops its own products, which are based on research carried out at Kungliga Tekniska Högskolan (KTH- Royal Institute of Technology) and are a part of a building’s outer shell that produce hot water or electricity. 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”. Also included in the concern are its jointly owned (51%) subsidiaries Advanced SolTech Sweden AB (publ.) ASAB, and Advanced SolTech Renewable Energy, Hangzhou Inc. (ASRE), as well as its wholly owned subsidiary Wasa Rör T Mickelsson AB. The company’s Certified Advisor, with respect to its listing on Nasdaq First North, is G&W Fondkommission (securities broker). For more information see: www.soltechenergy.com

Release
SolTech Energy’s subsidiary in China, ASRE, has signed an order with Zhejiang Luhuan Engineering Machinery Co. Ltd. The order covers the installation of a 3 MW (megawatt) solar energy unit estimated to provide annual earnings amounting to approximately 4.56 MSEK (.48 MEUR). Over the contract’s 20-year term, cumulative income is estimated to mount to approximately 91.2 MSEK (9.5 MEUR). With the inclusion of this order, ASRE has booked 21.7 MW of the 50 MW goal set for 2017, which means that 43% of this year’s goal has been fully met.

The installation is estimated to cover a roof surface area measuring circa 3 Hectors (30,000 m2) and generate circa 3,000,000 kWh annually. The customer is contractually committed to buying all the electricity the system produces over 20 years. Investment in the installation, which continues to be owned by ASRE, amounts to approximately 28.74 MSEK (3.0 MEUR), and it is estimated to be completed during the third quarter of 2017.

CEO Frederic Telander comments:

  • ASRE continues to deliver business sales at a steady pace in our home province of Zhejiang. We have now achieved almost half the year-end goal set for 2017, and are comfortably in sync with scheduled intermediate objectives, precisely as planned.

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 May 2017, at 07:00 CET.

SolTech Energy AB (publ) in brief
SolTech Energy is a Swedish solar energy company that specializes in developing and implementing esthetically attractive solutions that enable every building to produce more energy than it consumes. SolTech Energy develops its own products, which are based on research carried out at Kungliga Tekniska Högskolan (KTH- Royal Institute of Technology) and function as part of a building’s outer shell that produces electricity and/or hot water. 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 are its jointly owned (51%) subsidiaries Advanced SolTech Sweden AB (publ.) ASAB, and Advanced SolTech Renewable Energy, Hangzhou Inc. (ASRE), as well as its wholly owned subsidiary Wasa Rör T Mickelsson AB. The company’s Certified Advisor, with respect to its listing on Nasdaq First North, 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 is the majority (51%) owner and Advanced Solar Power Hangzhou Inc. (ASP) the minority (49%) owner. The business model consists of having said jointly owned company, ASRE, responsible for the installation, ownership, and periodic maintenance of 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, in combination 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 by the close of 2021 an installed capacity of 605 MW (megawatts), which in 2022 will be set into full operation, generating current annual sales amounting to approximately 1 billion SEK (105 MEUR).                                                

Release
SolTech Energy’s jointly owned Swedish subsidiary, Advanced SolTech Sweden AB (publ), ASAB, made public, on 10 January 2017, its intent to issue the Green Bonds cited above (more on this is given below). CICERO, which is an internationally recognized, independent analysis and research institute at Oslo University, has given ASAB its highest rating, namely, ”Dark green” in the independent “second opinion” it has provided of the company’s green bond framework

The 2017 year-end goal for SolTech Energy’s jointly owned Chinese company, Advanced SolTech Renewable Energy Hangzhou Co. Ltd. (ASRE), is to finance and install solar energy units on the roofs of customer facilities in China mounting to a sum total capacity of 50 MW (megawatts), which will require an investment of approximately 500 MSEK (50.3 MEUR). ASAB – which is jointly owned by SolTech’s Chinese partner, Advanced Solar Power Hangzhou Inc., and explicitly tasked with responsibility for financing, via loans, the SolTech Group’s investments in China – signed a contract with Danske Bank in January 2017 for the purpose of investigating the possibility of issuing Green Bonds. The specific framework that has been developed to make this possible has come about in cooperation with Danske Bank. The intent here is to finance 2017’s investment in China through the issuance of Green Bonds to Danske Bank’s network of institutional investors and wealthy private individuals, amounting to a total worth of 500 MSEK (50.3 MEUR).

CFO Mats Holmfeldt comments:

“Interest in sustainable, environmentally-oriented investments that meet internationally recognized legal and environmental standards continues to increase strongly in today’s financial markets, both in Sweden and abroad. Moreover, many of today’s large institutional investors have adopted an investment policy that requires an increased percentage of its capital be specifically directed to ”Green investments”. Interest in ”Green Bonds”, for example, is rising sharply, and now that we have been awarded CICERO’s highest rating; a sound base has been created for a successful forthcoming new bond issue. Cooperation with Danske Bank and CICERO’s favorable assessment lend further weight and quality to a bond issue offered to investors with a focus on sustainability.”

For more information, please contact: Mats Holmfeldt, CFO SolTech Energy. Tel: 070 721 70 46, email: mats.holmfedlt@soltechenergy.com

SolTech Energy in brief
SolTech Energy develops and sells solar energy systems based on research carried out at Kungliga Tekniska Högskolan (KTH- Royal Institute of Technology). The system is a part of a building’s outer shell; specifically, roofs and/or walls formed of glass (panels or glass plates) that function as both weather protection and solar radiation collectors for the production of electricity and hot water. Included in the product assortment are unique thin-film solar cells encased in black and/or semi-transparent glass, or as isolation-glass modules, in various sizes and formats that promote integration with a building’s outer shell. SolTech Energy Sweden AB (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT”. Included in the concern are its jointly owned (51%) subsidiaries Advanced SolTech Sweden AB (publ.) ASAB, and Advanced SolTech Renewable Energy, Hangzhou Inc. (ASRE), 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

Green Bonds
Green Bonds are subject to the same regulations and standards that apply to the issuer’s other bonds with respect to credit risk, documentation and applicable body of business/financial law. Green bonds, however, are thematic in that capital raised from carrying out new ”green” bond issues is earmarked for environmentally friendly projects as defined in the issuer’s ”Green Bond Framework”.

Via press releases and its website, the issuer openly discloses the specific investments that are conducted with the use of the capital proceeds of such new issues. . This disclosure contains specific information about how the capital was invested: Providing, for example, details – whenever possible – about specific projects, including in certain cases information as to the size of the expected CO2 reduction that will come about as a result of a given project. In practice, green bonds are verified as being “green” by an independent party. SolTech has chosen CICERO in Norway, an independent analysis and research institute at Oslo University, as its external independent verification party.

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 is the majority (51%) owner and Advanced Solar Power Hangzhou Inc. (ASP) the minority (49%) owner. The business model consists of having said jointly owned company, ASRE, responsible for the installation, ownership, and periodic maintenance of 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, in combination 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 by the close of 2021 an installed capacity of 605 MW (megawatts), which in 2022 will be set into full operation, generating current annual sales amounting to approximately 1,000 MSEK (105 MEUR).

Release
SolTech’s subsidiary in China, ASRE, has signed an order with Zhejiang Wuhuan Titanium Holding Co. Ltd. The order covers the installation of a 1.3 MW (megawatt) solar energy installation, which is estimated the provide annual earnings amounting to approximately 1.98 MSEK (0.21 MEUR). Over the contract’s 20-year term, cumulative income is estimated to mount to approximately 39.6 MSEK (4.2 MEUR). With the inclusion of this order, ASRE has contracted 18.7 MW of 2017’s 50 MW goal, which means that circa 37% of this year’s goal has been achieved.

The installation is estimated to cover a roof surface measuring circa 1.3 hectors (13,000 M2) and produce circa 1,300,000 kWh annually. The customer is contractually committed to buying all the electricity the installation produces for 20 years. Investment in the installation, which continues to be owned by ASRE, amounts to approximately 12.5 MSEK (1.3 MEUR), and it is expected to be fully installed during the third quarter of 2017.

CEO Frederic Telander comments

  • Yet another order for ASRE in our home Zhejiang Province, which is very heartening. We have now met over one third of the year’s goal for 2017. This confirms that we have an attractive concept and a good product to offer. This, in combination with our sales and installation organization, demonstrably functions very well. The commercial possibilities in China for ASRE continue to look very promising.

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 2017, at 07:00 CEST

SolTech Energy Sweden AB (publ)
SolTech Energy is a Swedish solar energy company that specializes in developing and implementing esthetically attractive solutions that enable every building to produce more energy than it consumes. SolTech Energy develops its own products, which are based on research carried out at Kungliga Tekniska Högskolan (KTH- Royal Institute of Technology) and function as part of a building’s outer shell that produces electricity and/or hot water. 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 are its jointly owned (51%) subsidiaries Advanced SolTech Sweden AB (publ.) ASAB, and Advanced SolTech Renewable Energy, Hangzhou Inc. (ASRE), 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 is the majority (51%) owner and Advanced Solar Power Hangzhou Inc. (ASP) the minority (49%) owner. The business model consists of having said jointly owned company, ASRE, responsible for the installation, ownership, and periodic maintenance of 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, in combination 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 by the close of 2021 an installed capacity of 605 MW (megawatts), which in 2022 will be set into full operation, generating current annual sales amounting to slightly over approximately 1 billion SEK (105 MEUR).                                                      

Release
SolTech Energy’s jointly owned subsidiary in China, Advanced SolTech Renewable Energy Hangzhu Co. Ltd. (ASRE), is expanding its sales goal from 230 MW (megawatts) by 2019 to 605 MW by 2021. This would then correspond to an annual sales figure amounting to slightly more than 1 billion SEK (105 MEUR), with 605 MW fully coupled to the central electrical network in 2022.  This, in turn, can be compared to the earlier 2019 annual sales goal of approximately 400 million SEK (40.1 MEUR), with a total capacity of 230 MW fully coupled to the electrical network in 2020. Return on investment is expected to be very good.

Since the listing of SoTech on First North at Nasdaq Stockholm in June 2015, ASRE’s goal has been to possess an installed capacity of 230 MW by the close of 2019. On the strength of ASRE’s strong sales performance during 2016, along with the opening weeks of 2017, SolTech – together with its Chinese partner, Advanced Solar Power Hangshou Inc. (ASP) – decided to make public an updated five-year goal, spanning the period 2017-2021, see below:

                                                         2015                  2016                  2017                  2018                  2019                  2020                  2021                  Total

Goal as of June 2015                      5                       25                       50                       75                       75                          0                         0                  230 MW

Goal as of Feb. 2017                       5                        25                       50                       75                     100                      150                   200                 605 MW

CEO Frederic Telander comments:

“We have proven that we deliver above our goal, and so far this year we have already reached 35% (17.4 MW) of 2017’s goal of 50 MW. The Chinese market is very comprehensive and expansive, which is why we, together with ASP – our Chinese partner, and also the owner of the remaining 49% of ASRE stock – decided to publicise a new five-year goal. It is a fantastic feeling to be able to contribute so substantially to the achievement of China’s environmental goals and, at the same time, deliver a notably fine appreciation of value on the investment in China to our shareholders.”

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 market abuse regulation.596/2014. Said information is furnished, via the above-cited contact person’s authorization, for publication on 23 February 2017, at 07:00 CEST

SolTech Energy AB (publ.) in brief
SolTech Energy is a Swedish solar energy company that specializes in developing and implementing esthetically attractive solutions that enable every building to produce more energy than it consumes. SolTech Energy develops its own products, which are based on research carried out at Kungliga Tekniska Högskolan (KTH- Royal Institute of Technology) and function as part of a building’s outer shell that produces electricity and/or hot water. 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 are its jointly owned (51%) subsidiaries Advanced SolTech Sweden AB (publ.) ASAB, and Advanced SolTech Renewable Energy, Hangzhou Inc. (ASRE), 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 is the majority (51%) owner and Advanced Solar Power Hangzhou Inc. (ASP) the minority (49%) owner. The business model consists of having said jointly owned company, ASRE, responsible for the installation, ownership, and periodic maintenance of 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, in combination 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 by the close of 2021 an installed capacity of 605 MW (megawatts), which in 2022 will be set into full operation, generating current annual sales amounting to slightly over approximately 1 billion SEK (105 MEUR).

Release