Advanced Soltech's subsidiary in China, has signed an order with Deqing Ruiming Small and Micro Enterprise Park Management Co Ltd. The company has the same owner as an existing customer. The order concerns the installation of a solar energy facility of 1 megawatt (MW) and is estimated to generate annual revenues of approx. SEK 0.68 million, or approximately SEK 13.6 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 approx. SEK 5.7 million and construction is planned to start in the fourth quarter of 2021. The project achieves good profitability completely without subsidies and is in Anhui province.
Advanced Soltech's CEO Max Metelius comments:
– Our sales organization continues to reap success in Anhui Province. It is especially satisfying to be able to deliver several good projects that are located in the same area, which streamlines the maintenance of the facilities.
The interest for electrical charging posts for hotelchains, golf courses and paddle centers is growing. That’s what Soltech's subsidiary Swede Energy will take action on and deliver after signing an agreement with the parking operator Pair. The collaboration is already underway and will in the coming six-months period involve installation of hundreds of charging posts all over Sweden. The agreement between the two companies runs over a five-year period.
Swede Energy has a vast experience of green energy solutions. The company has now signed a framework agreement with the parking operator Pair. The agreement means that Swede Energy will install electrical charging posts across the country. The charging posts will then be available to visitors at, for example, at the Best Western and other hotel chains, independent hotels, golf courses and at padle facilities.
– It is with great pleasure that we can now announce that we have signed a framework agreement with Pair for hundreds of charging posts. Pair is an exciting operator that fills a growing need for charging infrastructure, not least when the majority of the country's municipalities have a shortage of charging posts, which causes unnecessary emissions. We are very much looking forward to helping to create a more holistic charging infrastructure across the country, says Christoffer Caesar, CEO of Swede Energy.
Charging points – increasingly important service
Sustainability investments, such as charging posts, have emerged as a much wanted service to guests as well as an alternative source of income during the pandemic when the number of guests has decreased. Pair has installed charging posts for the well-known hotel chain Best Western and has extensive experience of working with both the hotel industry and golf courses. Per Gerleman, founder of Pair, knows the importance for hotels of being able to offer charging points at its facilities.
– We are pleased that we have now landed this agreement with Swede Energy. They offered an overall responsibility with nationwide ambitions, and it feels great that we can now move forward together. Charging poles are becoming an increasingly important service for creating an attractive hospitality industry and the hotel industry is breathing future optimism again, and therefore it feels extra good that we will now enabling charging points at more hotel facilities, says Per Gerleman, founder of Pair.
– Green energy solutions play a key role in our ambition to develop smart and attractive hotel facilities that are appreciated by both our guests and the environment. Offering charging points at our hotels creates even better conditions for us to be competitive in a future where electrification spots places new demands on the whole of society and also on us in the service industry, says Agneta Jaktland Director of Quality Assurance at Best Western.
Soltech Energy's subsidiaries, Merasol and Takorama, will now replace the roof and install solar power on four residential buildings in Gothenburg. The solar power installations will cover an area of close to 2,700 square meters and will be carried out for the real estate company Willhem.
Soltech's subsidiaries Takorama and Merasol will together now change roofs and install solar power on four residential buildings in Gråbo, Gothenburg. The assignment is carried out for the real estate company Willhem and the whole reconstruction of the facility and installations are expected to be completed by the end of the year. The solar energy facility is expected to produce approximately 130,000 kWh annually, which corresponds to approximately 30 percent of the property’s total electricity consumption.
– Thousands of square meters of solar energy-and remodeled roofs. This project shows the strength of the Soltech Group when we combine several different companies' competencies in one assignment. Willhem is demonstrably investing in sustainability, and it is very positive for us to let the sun shine even more over Gråbo, says Stefan Jennefalk, Sales manager at Merasol.
New waterproofing layers on the roof and solar panels
The four residential buildings will not only have solar cells, but also new roofs and waterproofing layers. Soltech's subsidiary Takorama is responsible for the roof reconstruction.
– It is very with great proudness Takorama is part of this project. We specialize in products on flat, low-sloping roofs with a long durability and high service standard and roofs that then get solar cells on top of them are of course extra fun. Doing this together with our sister company also feels great, says Micke Norrby, CEO of Takorama.
– Willhem as a real estate company has a large responsibility in managing our resources in the best possible way, and green renewable energy solutions that minimize our environmental impact is a hygiene factor. The solar energy plant will both reduce our total climate impact, but also ensure that our tenants can live in environmentally friendly properties, says Mikael Sköld, Project Manager at Willhem.
Soltech Energy's subsidiary, Swede Energy, has signed an agreement for what will be the Nordic region's largest roof-placed solar cell facility, both in terms of area and capacity. The facility will be installed at InfraHub's logistics property in Norrköping. In total, the new installation will measure 65,000 sqm and with an output of as much as 6.5 MWp, it will be the largest in both Sweden and the Nordic countries.
In 2020, Swede Energy built the Nordic region's largest solar cell facility, at that time, on a roof for Castellum in Gothenburg at 3.7 MWp, a solar power installation that this year won the Swedish Solar Energy's “Facility of the Year” award. The now planned installation, which will be approximately twice as large, will be built on a logistics property in Norrköping, built by Infrahubs, and also owned by Catella with fifty percent. Completed in 2022, the facility will be the Nordic region's largest on a roof, both in terms of area and installed capacity. The total area filled with solarpanels is the size of 12 full-size football fields.
Successful collaboration
Earlier this year, Swede Energy received an order from Infrahubs to build a solarpower solution on one of the company's properties in Örebro, where Matsmart is the tenant. Now they will further increase the collaboration.
– To be able to build another facility with Infrahubs is very honorable for Swede Energy and to also be get the opportunity to build what will be the Nordic region's largest roof-mounted solarpower facility is of course a sign of strength and trust that we are proud of. Facilities like this really make a difference in the green transition and we are pleased to once again increase the share of solar energy in Sweden together with InfraHubs, says Christoffer Caesar, CEO of Swede Energy.
– We are proud that we have finalised the deal for our largest solar cell project so far. Green energy solutions play a key role in our ambition to develop smart and sustainable logistics properties that promote both our tenants needs and the environment. Becoming the largest in the Nordic region is extra fun and we look forward to doing this together with Swede Energy, says Andreas Ekberg, Operations Manager at Infrahubs.
The shopping center Nacka Forum will get solar panels on the roof. The global real estate company Unibail-Rodamco-Westfield and Soltech's subsidiary Swede Energy has signed an agreement for a large solar cell installation on the shopping center's roof. The installation will cover an area of just over 1,700 sqm.
The solar energy group Soltech Energy's subsidiary Swede Energy has a long and vast experience of installing large roof-mounted photovoltaic systems. The company will now build an installation of just over 1,700 sqm at Nacka Forum in Stockholm together with the global real estate company Unibail-Rodamco-Westfield (URW), which owns the shopping center. Construction will start in September and the facility is then calculated to produce approximately 300,000 kWh annually.
– It is a great opportunity do this together with URW. It is a real estate company with high demands on sustainability, which this solar energy facility is further proof of. We are proud of to contribute to Nacka Forum knowing that the visitors in the future will benefit from the sun's rays, says André Nylén, regional manager at Swede Energy.
A shopping center with sustainability ambitions
Nacka Forum is one of Stockholm's largest shopping centers with a wide range of local and international tenants. The Nacka Forum works continuously with many objectives to reduce its environmental impact and is already “BREEAM in use”-certified*. Now, Nacka Forum scale up the sustainability work further through the large energy investment.
– For us, it is of great importance to work daily to reduce our climate footprint so that Nacka Forum is a place that contributes to a sustainable urban environment from all aspects. Green energy solutions such as solar energy are completely in line with our sustainability strategy, Better places 2030, and we are very much looking forward to our new solar energy facility, which will, among other things, provide Nacka Forum's 28 electric car chargers with renewable locally produced electricity, says Marie Larsson, Center manager at Nacka Forum.
* BREEAM in use certification: An evaluation method as proof of environmental class where Nacka Forum achieves ‘Excellent’ in the first part, and ‘Very good’ in the second.
Soltech Energy's subsidiary, Takbyrån, has signed an agreement for a roofing contract of 27,000 sq.m. for Skanska in Gothenburg. The roof is also being prepared to support a solar energy facility later.
Takbyrån has a long history of roofing contracts with insulation and waterproofing. Since the company joined the solar energy group Soltech in June 2021, the company have added solar energy to its product range. The roof contract at Spårvagnsdepån will measure 27,000 sq.m., and Takbyrån is also preparing the roof for a possible solar energy solution in the future
– This project is a” feather in the cap” for Takbyrån. A large roofing contract for an established real estate company such as Skanska is something that of course means a lot. Since we are a part of Soltech, a few months back, we have had a dialogue with Skanska about which type of waterproofing layer is best suited for roofs with solar energy panels and we will build a sustainable solution so that solar power can be added later. If the client later wants to install solar energy on the roof, ware now more than ready to assist with that job as well, says Tobias Udén, CEO of Takbyrån in Alingsås.
Soltech Energy's subsidiary, Fasadsystem, has a new agreement to install a large facade project for the construction company Peab. Lundbyskolan at Hisingen in Gothenburg will get a a new facade with an order value of just over SEK 8 million. The new façade will largely consist of recycled aluminum, which reduces the façade's climate footprint.
Fasadsystem have a long experience of assembling and building large facade solutions. The company has received a new order from the construction company Peab to build the facade at Lundbyskolan in Gothenburg.
The aim is to create a climate-efficient façade that is produced with minimal carbon dioxide emissions. To achieve this, Hydro Circal is used, a material of high-quality and almost only recycled aluminum. The construction will start at the beginning of 2022.
– For us at Fasadsystem this project is a proof of our clear ambition to build for the future in a double sense. It feels just right when we use recycled material when we create environments for our future generations – the schoolchildren and youngsters. It is our duty to do everything we can to contribute to a sustainable future, something that this façade will be a good example of, says Oliver Tavander, Project manager at Fasadsystem.
On August 30, Soltech Energy Sweden AB (publ) acquired 90.1 percent of the shares in Wettergrens Tak & Plåtslageri AB (Wettergrens) with access on September 2, 2021. The company has sales of approximately SEK 30 million and has about 20 employees based in Nyköping . The acquisition is financed entirely from own cash and with newly issued Soltech shares.
Soltech has an offensive growth strategy with acquisitions in the solar, roof, facade and electrical engineering industries. Acquired companies together create synergy effects and build a strong group with cross-border expertise. The acquisition of the roofing company Wettergrens is Soltech's 17th acquisition since the acquisition strategy began in 2019. An acquisition that further strengthens the Group's already strong position in roofing and the strategy to transform traditional companies in roofing, facade and electrical technology so that they also sell solar energy.
– This acquisition is completely in line with our acquisition strategy. Wettergrens is a very reputable roofing contractor with a strong local connection in Södermanland, which contributes to Soltech's growing presence in the Mälardalen region. We are now bringing in another 20 competent employees to the group who will be involved in adding solar cell installations in more and more of the company's contracts, says Stefan Ölander, CEO of Soltech Energy.
A company with solid industry experience
Wettergrens has been active in the industry for 70 years. The company is a comprehensive supplier that masters everything within roofs and works with private individuals, regions, municipalities, industries, construction companies and the rest of the business community. Södermanland, Södertälje and Stockholm are Wettergren's main areas, but thanks to the company's rolling roof team, several major works are also delivered in other parts of the country every year.
– For me and the whole team at Wettergrens, it is extremely inspiring to now be part of Soltech. We will continue to grow and develop our already strong business at the same time as we will consolidate a position as one of Central Sweden's leading roofing companies when it comes to solar cell installations, says Frank Fredriksson, CEO of Wettergrens.
Sweden's pavilion at the world exhibition Expo 2020 is designed with Swedish innovations. Soltech Energy, together with Nilar and Ferroamp, supply the Swedish pavilion with designed solarpanels and innovative energy solutions to ensure green energy during the world exhibition. Soltech's CEO, Stefan Ölander, talks about the three companies' collaboration.
Participation in the world exhibition "Connecting Minds – Creating The Future" in Dubai is the Swedish government's and Sweden's single largest investment in export and investment promotion activities and will be launched on 1 October this year.
Soltech Energy's subsidiary Soltech Sales & Support contributes to Sweden's pavilion with self-developed stylishly designed solar facade and sunroof, to create aesthetic solarpower solutions. To show the future of solar energy from solar panels to storage and energy optimization, Soltech collaborates with the Swedish companies Nilar and Ferroamp. Ferroamp's EnergyHub system helps control and optimize the energy from the solar panels and the pavilion's consumption can be reduced with the help of an energy storage installation with advanced Nilar Hydrid® batteries.
– We are proud that building-integrated solar energy solutions from Soltech is installed at the Swedish pavilion. Together with our partners Nilar and Ferroamp, we show the strength of collaboration between Swedish innovation companys. The pavilion will be powered by green energy, directly from the sun but managed by Swedish innovations, says Stefan Ölander, CEO of Soltech Energy.
Sweden's pavilion shines with innovation and sustainability
The Swedish pavilion "The Forest", 500 m2 of the roof will be covered by Soltech's, "Roof" and 500 m2 of the sun facade "Facade". The entire facility controls, optimizes and stores energy, something that fits in well with the pavilion's overall themes, which are innovation, sustainability and societal needs.
– Soltech sees great value in being able to showcase our solar products in Dubai. Our ambition is that the Swedish pavilion's energy solutions and our collaboration show the outside world how Swedish innovation is an important building block in the sustainable society of the future, Stefan Ölander concludes.
Watch the film that shows how everything is connected here:
https://soltechenergy.com/varldsutstallningen-2021/
Soltech Energy Sweden AB (publ) has decided to merge the operations of three fully owned subsidiaries, to create a larger and stronger Group-wide core of expertise and resources in solar energy. The merger consists of MeraSol AB being merged into Swede Energy Power Solutions AB, and most of the operations in Soltech Sales & Support AB being merged into Swede Energy. The company Swede Energy will be provisionally given the new name Soltech Energy Solutions AB.
In addition to Soltech Energy Solutions becoming one of Sweden's leading suppliers of solar energy to the corporate market, the new merged company will significantly strengthen the Group-wide support function offered to all subsidiaries. Prior to the merger, other companies in the Soltech Group will be able to receive even better support in solar energy. This greatly increases the Group's opportunities to meet the rapidly growing demand for solar energy installations that are noticeable in all parts of the country where the Soltech Group is established.
The decision to merge was made at the beginning of July, and the merger and business transfers is in full swing. An application for a name change is being processed by the Swedish Companies Registration Office. The preliminary date for the merger's execution is October 1, 2021, and Swede Energy's CEO Christoffer Caesar will continue as CEO.
– Merging the operations of three of our largest wholly owned solar companies is a decision that is based primarily on achieving synergy effects but also on the other group's rapidly growing need for industry-leading expertise and resources in solar energy. Our transformative acquisition strategy has turned out so well, which means that our roof, facade, and electricity companies now receive a lot of requests to supply solar energy throughout the country, and then it is important to have a strong national solar company in the group that can help with the transformation, says Stefan Ölander, CEO of Soltech Energy.
– By merging the operations of the Group's three largest pure solar companies, we are building a strong solar energy company. It gives us the strength to continue to take large and technically complex assignments across the country, and at the same time through our sister companies offer solar energy as a fully integrated part of the Group's roof, facade and electricity companies' offer to the market, says Christoffer Caesar, CEO of current Swede Energy Power Solutions AB.
– At Soltech, we have long had leading expertise in solar energy installations in many parts of the country. By now pooling much of this capacity in one and the same company, we can optimize both external and internal processes and systems, in a way that ensures that we can continue to be the driving innovative player in Swedish solar energy, says Johan Seeman, CEO of MeraSol AB.
– The group has quickly grown to about 400 employees, of which about 70 works in one of the three companies that now are merged. For my employees, this means even tighter collaboration, faster decision-making paths, and more efficient work processes daily. The merger feels like an exciting and at the same time completely natural consequence of us growing so fast, says Markus Svensson, CEO of Soltech Sales & Support AB.