Advanced Soltech's subsidiary in China, has signed an order with Shanxi YangTai Longyan Energy Technology Co. Ltd. The order concerns to the installation of a solar energy plant of 3 megawatts (MW) and is estimated to generate annual revenues of approximately SEK 2.4 million, or approximately SEK 48 million during the agreement's 20-year term. The investment in the facility, which will be owned by Advanced Soltech's wholly owned subsidiary in China, amounts to approximately SEK 17.6 million and construction is scheduled to start in the first quarter of 2022. The project achieves good profitability without any subsidies and is located in Shanxi Province.
Advanced Soltech's CEO Max Metelius comments:
– This project is part of our framework agreement with Shanxi Yang Tai Group. We continue to build an order book ahead of the capital raising in connection with the listing of the company's shares on First North Growth Market at the end of October 2021.
The first phase of construction has now started for the 47 net zero houses in Öjersjö Hagar, just outside Gothenburg. Soltech Energy Solutions and Skanska will build 47 homes in the area with an extra focus on climate-smart energy solutions. With an ambition to reduce CO2 in both materials and in the construction process the solar energy systems on the roofs will make several of the houses climate neutral.
Soltech Energy Solutions and Skanska have now begun the construction in Öjersjö Hagar, in Partille municipality. The residential area is built with extra high environmental performance, which will make the houses into energy efficient and sustainable net-zero homes*. Several of the houses will be completely climate neutral by minimizing CO2 in materials, in construction and compensatory measures will be taken, such as using renewable energy and bio charcoal. Soltech contributes to the project by installing solar energy solutions on all houses.
– It feels great to develop this area together with Skanska. It is a strong partner with the aim to create a more sustainable society, both today and for the future, which is completely in line with our own ambitions. Solar power is an important component in the journey towards a climate-neutral future and our installations contribute to the net zero homes in Öjersjö, says Rickard Viklund, Regional sales manager at Soltech Energy Solutions.
Solutions for maximum climate compensation
In addition to solar energy solutions, the semi-detached houses are built of wood and will also have climate-improved concrete (with a lower climate footprint) in the foundation with an insulation of recycled cellular plastic. For the walls a glass wool insulation will be used. The houses are also designed with a focus on energy efficiency and the green electricity that is not used in the household is sold back to the electricity grid. Something that benefits both the residents' finances and compensates for emissions that inevitably occur during construction processes.
– In 2017, we took the decision that all our new homes would be Svanenmärkta and since then we have raised our ambition even further. As early as 2030, all new homes from Skanska will be climate-neutral throughout the value chain, and our net zero homes are a step on that journey. Every single choice is important for achieving climate neutrality. Everything from the choice of building materials to production methods and finally how maintenance and operation should be handled. Solar energy solutions and energy efficiency are two keys to success. Öjersjö Hagar will be an excellent example of how we can develop climate-neutral residential areas, says Sophie Edenfelt, Project developer at Skanska.
* Net zero energy means that the property adds as much new renewable energy as it needs for heating, cooling, hot water and property electricity on an annual basis.
Authorities in Zhejiang Province have announced changes in the electricity tariffs for industrial customers. The new tariffs result in approximately 15 percent higher reference prices for Advanced Soltech Sweden AB (Advanced Soltech or the Company) in Zhejiang Province, where 106 of our 192.5 MW are installed. The new prices will take effect from October 15th . Our assessment is that this will lead to increased revenues for Advanced Soltech by approximately SEK 6 million on an annual basis with current installed capacity.
Max Metelius, CEO of Advanced Soltech comments
– The price increases for electricity are an expected and logical consequence of the electricity shortages that we have seen in China recently. This is a positive development for the continued expansion of distributed solar energy in China.
http://fzggw.zj.gov.cn/art/2021/9/10/art_1229123366_2354986.html
Advanced Soltech's subsidiary in China, has signed an order with Nanxiang Wanshang (Wuhu) Trade Logistics Park Investment Co. Ltd. The order concerns the installation of a solar energy plant of 5 megawatts (MW), which is estimated to generate annual revenues of approx. SEK 4.2 million, or approx. SEK 84 million during the agreement's 20-year term. The investment in the facility, which will be owned by Advanced Soltech's wholly owned subsidiary in China, amounts to approximately SEK 29.7 million and construction is scheduled to start in the fourth quarter of 2021. The project achieves good profitability without subsidies and is located in Anhui province.
Advanced Soltech's CEO Max Metelius comments:
– Recent power shortages in some parts of China put further focus on the need for further expansion of solar energy. Our assessment is that the electricity shortage leads to even greater demand for our offer. We now have a very strong order book ahead of our capital raising in conjunction with our listing on First North Growth Market.
On October 1, Soltech Energy Sweden AB (publ) acquired 100 percent of the shares in NEAB Gruppen AB with access on the same day. The company has sales of approximately SEK 145 million and has approximately 105 employees with headquarters in Norrköping. Now the plan is to, together with Soltech, integrate solar energy into the product range and increase both sales and earnings. The acquisition consolidates an already strong position in electrical engineering. The acquisition is financed entirely from its own cash and with newly issued Soltech shares. The NEAB Group is expected to contribute approximately SEK 35 million in sales during the fourth quarter, 2021 with a positive result.
The new President and CEO of NEAB Gruppen will be the current Chairman of the Board, Pelle Norberg. The company's previous owners Johan Tankred and Tommy Björk will remain in leading positions in the company and are fully focused on developing the company for many years to come.
Soltech has an offensive growth strategy with acquisitions in the solar, roof, facade and electrical engineering industries. Together, these companies will create synergy effects and build a strong group with cross-border expertise. The acquisition of the electrical engineering company NEAB Gruppen strengthens the Group's presence, primarily in Östergötland and Skåne.
– Now we are growing in the electrical engineering industry, which is completely in line with our acquisition strategy, as more solar energy installations require more electricians. NEAB Gruppen is a fast-growing company with over 105 competent employees. That this happens only weeks after our completed new rights issue proves that we not only talk about rapid growth but also deliver it, says Stefan Ölander, CEO of Soltech Energy.
A company with a broad geographic market
The NEAB Group was founded in 1987 and has since had a successful journey. The company specializes in electrical engineering and often performs contract work at schools, logistics properties, apartment buildings and other construction contracts. The company is currently represented in Skåne, Norrköping, Linköping, Finspång, Nyköping and Stockholm. The NEAB Group is now adding solar energy to its offering when joining the Soltech Group.
– It feels fantastic that we are now part of Soltech. Our customers' demand for solar energy is growing daily and in order to be able to compete in the future, electrical engineering companies need to possess solar energy expertise. Meeting that development and society's increased electrification with a large solar energy group behind it will create great benefits for us and our customers, says Pelle Norberg, CEO, NEAB Gruppen.
Advanced Soltech's subsidiary in China, has signed an order with Anhui WanKai Logistics Park Co. Ltd. The order concerns the installation of a solar energy plant of 1.6 megawatts (MW) and is estimated to generate annual revenues of approx.. SEK 1.25 million, or approx.. SEK 25 million during the agreement's 20-year term. The investment in the facility, which will be owned by Advanced Soltech's wholly owned subsidiary in China, amounts to approx. SEK 9.4 million and construction is planned to start in the fourth quarter of 2021. The project achieves good profitability completely without subsidies and is located in Anhui Province.
Advanced Soltech's CEO Max Metelius comments:
– We have a good portfolio of projects to be built during the autumn. We are experiencing strong demand and our sales organization is working very well. We are now carrying out our listing in order to create the conditions for even faster growth, which is necessary to save the climate.
Soltech Energy's subsidiary, Merasol and Fasadsystem, will now install a large solar cell façade on a high-rise building in Gothenburg. The project is a remodeling where the previous facade needed to be renovated and streamlined for better effect. The solar cell façade is expected to be commissioned at the end of 2021 and the order value amounts to SEK 4,2 million.
Soltech's subsidiaries Merasol and Fasadsystem have a vast experience of preparing for, and installing, green energy solutions. Now the two companies are reinstalling a large solar cell façade on a high-rise building in Gothenburg for Tuve Bygg, where the previous installation was not optimal from an effect point of view.
– This project is great for Merasol. We get to help the customer to streamline their already existing solar cell facade and increase the installation's performance. This is a clear example of synergy effects within the solar group, where we together with our sister company jointly ensure that the customer's solar energy solution is now assembled and installed in a new way and now lasts for many years of solar deliveries in the future, says Stefan Jennefalk, Sales manager at Merasol.
Installation by Fasadsystem and solar energy by Merasol
The solar cell façade's installation system is installed by Fasadsystem, and Merasol then designs and assembles the solar panels. All solar panels that are installed are reused from the previous façade, which means that no new panels need to be produced.
– For Fasadsystem, this is a very exciting assignment from several aspects. Firstly, we get to help upgrade an existing installation, and further, we do it by reusing the solar panels, which is great from a sustainability perspective. With our new solution, the customer does not have to invest in new panels, but we pick down existing material and then reassemble the installation in a way that benefits both the customer's wallet and the environment, says Daniel Christiansen, Project manager at Fasadsystem.
– It feels great to work with a group that understands the importance of quality and that, like us, thinks circularly. We look forward to jointly helping the customer to get a newly installed solar cell façade that is installed to withstand both weather and wind and at the same time produce lots of green energy for the property, says Shirwan Amin, Site manager at Tuve Bygg.
Advanced Soltech's subsidiary in China, has signed an order with Xinmaji Industrial Co Ltd. The order concerns an installation of a solar energy plant of 3.9 megawatts (MW) and is estimated to generate annual revenues of approx. SEK 2.6 million, or approx. SEK 52 million during the agreement's 20-year term. The investment in the facility, which will be owned by Advanced Soltech's wholly owned subsidiary in China, amounts to approximately SEK 22.4 million and construction is planned to start in the first quarter of 2022. The project achieves good profitability completely without subsidies and is located in Guangdong Province.
Advanced Soltech's CEO Max Metelius comments:
– This project is in an industrial park with about 10,000 employees. Installing solar energy is an important part of the customer's communication with both employees and customers. In addition, it lowers the customer's energy costs and most importantly, helps reduce harmful climate emissions.
Now, five apartment buildings on Södermalm will get new roof material with a complete solar energy system installed on top. Soltech Energy's subsidiaries, NP Gruppen and Measol, will jointly carry out the project for Stockholmshem AB. The project has a total order value of approximately SEK 3.8 million and is expected to be completed by the end of November.
Soltech's subsidiaries have a vast experience of green energy solutions and roofing. The companies NP Gruppen and Measol have now signed an agreement with Stockholm's largest housing company, Stockholmshem. The agreement cover installation of a solar energy system as well as new roof material for a sustainable solution.
The ambition for Stockholmshem is to invest in more solar energy. The company has an aim that ten percent of their electricity consumption will come from solar power in 2040, that is in line with the City of Stockholm's goal and Sweden's overall climate ambitions. Now, five of the apartment buildings on Södermalm, in Stockholm, will be able to use the sunrays for the electricity supply.
– It feels great that we have now signed an agreement on both roofing and solar energy. Not least when we get to carry out this project with our sister company Measol. Stockholmshem is an exciting real estate partner that actively invests in solar energy solutions, which this solar installation is a fantastic proof of, says Marcus Juhlin, Solar Energy Manager at NP Gruppen.
Advanced Soltech's subsidiary in China, has signed an order with Anhui GaoJian Machinery Technology Co. Ltd. The order concerns an installation of a solar energy plant of 0.4 megawatts (MW) and is estimated to generate annual revenues of approximately SEK 0.3 million, or approximately SEK 6 million during the agreement's 20-year term. The investment in the facility, which will be owned by Advanced Soltech's wholly owned subsidiary in China, amounts to approximately SEK 2.3 million and construction is planned to start in the fourth quarter of 2021. The project achieves good profitability completely without subsidies and is located in Anhui Province.
Advanced Soltech's CEO Max Metelius comments:
– We are continuing our expansion in Anhui Province, which is in line with our expansion plans. We are experiencing good demand for our offer and continue to build up a strong order book for the fourth quarter.