In connection with the signing of the agreement, three orders of 500 KW each were also signed, ie. a total of 1.5 MW. The total investment cost for these three facilities amounts to approximately SEK 9.7 million and annual revenues to approximately SEK 1.36 million. The plants are estimated to produce about 1.28 kWh per installed watt / year and will, as previously, be fully owned by ASRE. The customers undertake, under a 20-year agreement, to purchase all electricity produced by each plant.
CEO, Stefan Ölander in a comment:
– This is a very interesting cooperation agreement with a large bank in Hebi province. Here there are good opportunities to develop the cooperation over time. The fact that we already signed orders for the first three plants at the conclusion of the agreement further strengthens the cooperation. The agreement also provides the opportunity to finance part of the investment in the facilities on favorable terms through the bank. An alternative financing option that we are now also discussing.
For more information contact:
Stefan Ölander, CEO Soltech Energy Sweden AB (publ) Tel: 070-739 80 00. Email: stefan.olander@soltechenergy.com
The information in this press release is such that Soltech Energy Sweden AB (publ) is to publish according to EU Regulation No 596/2014 on market abuse. The information was provided through the above contact person's publication for publication on January 10, 2020 at. 07:30 CET.
About Soltech Energy Sweden AB (publ) Soltech Energy is a comprehensive supplier that develops, sells, installs and optimizes solar energy solutions for our customers' needs. The group includes the subsidiaries Advanced Soltech Sweden AB (publ) where the Chinese investment is conducted, Soltech Sales & Support, NP-Gruppen, Swede Energy Power Solutions, Merasol and Soldags. Soltech Energy Sweden AB (publ), is traded on Nasdaq First North Growth Market under the short name SOLT and has approximately 31,000 shareholders. The company's Certified Adviser is Erik Penser Bank. Phone: 08-463 83 00. Email: certifiedadviser@penser.se. For more information see: www.soltechenergy.com
About the China venture
Soltech Energy's investment in China is conducted in Advanced SolTech Renewable Energy (Hangzhou) Co. Ltd., ASRE, its wholly owned local subsidiaries and Longrui Solar Energy (Suqian) Co. Ltd. The business model consists of financing, installing, owning and managing solar energy installations on customers' roofs in China. The customer does not pay for the plant, but instead undertakes to purchase the electricity that the plant produces during a 20-year agreement. Ongoing revenue comes from the sale of electricity to customers and from various forms of grants per produced kilowatt hour (kWh) of solar electricity. The goal is to have an installed capacity of 1000 megawatts (MW) fully connected to the electricity grid in 2024 by 2023. ASRE and Longrui Solar Energy (Suqian) Co. Ltd. are wholly owned subsidiaries of Advanced Soltech Sweden AB (publ). ASAB is 51% owned by Soltech Energy Sweden AB (publ) and 49% by Soltech's Chinese partner, Advanced Solar Power Hangzhou Inc.
In 2019, the NP Group has systematically expanded its range of services with sealing roofs where the potential for solar energy is greater compared to sheet metal roofs. In the framework agreement, NP-Gruppen is ranked as the 1st supplier in the following counties, which includes a total of 148 municipalities: Södermanland County, Östermaland County, Jönköping County, Kronoberg County, Kalmar County, Gotland County, Halland County, Västra Götaland County, Jämtland County, Västerbotten county and Norrbotten county.
HBV is a purchasing function for Sweden's public utility housing company consisting of just over 360 members. HBV conducts coordinated procurement for products and services related to construction, renovation and management of properties. HBV has sales of just over SEK 2 billion.
CEO Stefan Ölander comments:
- We are very proud of this large framework agreement, which means a big lift for the NP Group. The framework agreement applies to sealing roofs and we see obvious synergies with the existing framework agreement on solar energy that NP-Gruppen already has with HBV.
For more information contact:
Stefan Ölander, CEO Soltech Energy Sweden AB (publ) Tel: 070-739 80 00.
E-mail: stefan.olander@soltechenergy.com or
Patrik Pettersson, CEO NP-Gruppen AB. Tel: 070-816 52 03.
E-mail: patrik.pettersson@npgruppen.se
The information in this press release is such that SolTech Energy Sweden AB (publ) is to publish in accordance with EU Regulation No 596/2014 on market abuse. The information was provided through the above contact person's publication for publication on 20 December 2019 at. 10.00 CET.
About Soltech Energy Sweden AB (publ)
The SolTech Energy Group develops and sells aesthetic and building-integrated solar energy products for all types of properties – commercial, public and villas. The products are part of an exterior shell of a property in the form of a roof or a wall with integrated solar cells for the production of electricity. The group includes the subsidiaries SolTech Sales & Support, NP-Gruppen and Swede Energy Power Solutions. SolTech Energy Sweden AB (publ), is traded on Nasdaq First North Growth Market under the short name SOLT and has approximately 31,000 shareholders. The company’s Certified Adviser is Erik Penser Bank Phone: 08-463 83 00. Email: certifiedadviser@penser.se.
More info at: www.soltechenergy.com
An initial bond issue under the agreement is planned during the first quarter of 2020, depending on prevailing market conditions. Issue volume and other terms are presented in connection with the execution of the transaction. The share from the issue is intended to be used to repurchase ASAB’s outstanding bonds and to finance ASAB’s future growth.
ASAB’s operations consist of financing solar power plants in China that are installed, owned and managed by ASAB’s wholly owned company, Advanced SolTech Renewable Energy Hangzhou Co. Ltd., ASRE and its wholly owned subsidiaries and the wholly owned Longrui Solar Energy (Suqian) Co., Ltd.
Frederic Telander, CEO Advanced SolTechs and Stefan Ölander, CEO SolTech Energy comment:
– We have previously communicated a goal to achieve an installed solar capacity equivalent to 1 GW (1000 MW) during 2023, which is fully connected to the electricity grid in 2024, which corresponds to the power of a nuclear reactor in Forsmark. To achieve this goal, as previously announced, we plan to list ASAB’s shares on Nasdaq First North Growth Market during the first part of 2020. As part of our new expansion and financing plan for the Chinese operations, we are now entering into a collaboration with DNB Markets and Nordea intend to turn to a wider circle of institutional investors.
For more information, please contact: Frederic Telander, CEO Advanced SolTech Sweden AB (publ) Tel: 08-441 88 46. Email: frederic.telander@soltechenergy.com or,
Stefan Ölander, CEO SolTech Energy Sweden AB (publ) Phone: 070-739 80 00. Email: stefan.olander@soltechenergy.com
The information in this press release is such that SolTech Energy Sweden AB (publ) is to publish in accordance with EU Regulation No 596/2014 on market abuse. The information was provided through the above contact person’s publication for publication on December 2, 2019 at. 08.30 CET.
Advanced SolTech Sweden AB (publ) – ASAB
ASAB’s business consists of lending to Group companies to finance solar power plants in China owned by the wholly owned companies ASRE, its wholly owned local subsidiary and the wholly owned Longrui SolarEnergy (Suqian) Co., Ltd. The business model consists of financing, installing, owning and managing solar energy installations on customers’ roofs in China. The customer does not pay for the plant, but instead undertakes to purchase the electricity that the plant produces during a 20-year agreement. Current revenue comes from the sale of electricity to customers and from various forms of grants per produced kilowatt hour (kWh) of solar electricity. The goal is to have an installed capacity of 1000 megawatts (MW) fully connected to the electricity grid in 2024 in 2023. As security for borrowed funds, ASAB receives collateral in underlying assets (solar power plants and accounts receivable). The company’s Certified Adviser is Mangold Fondkommission AB, telephone number +46 8 5030 1550. E-mail: ca@mangold.seMore info at www.advancedsoltech.com
ASRE and Suqian are wholly owned subsidiaries of Advanced SolTech Sweden AB (publ), ASAB, which is 51% owned by SolTech Energy Sweden AB (publ) and 49% by SolTech’s Chinese partner, Advanced Solar Power Hangzhou Inc.
About SolTech Energy Sweden AB (publ)
The SolTech Energy Group develops and sells aesthetic and building-integrated solar energy products for all types of properties – commercial, public and villas. The products are part of an exterior shell of a property in the form of a roof or a wall with integrated solar cells for the production of electricity. The group includes the subsidiaries SolTech Sales & Support, NP-Gruppen and Swede Energy Power Solutions. SolTech Energy Sweden AB (publ), is traded on Nasdaq First North Growth Market under the short name SOLT and has approximately 31,000 shareholders. The company’s Certified Adviser is Erik Penser Bank Phone: 08-463 83 00. Email: certifiedadviser@penser.se More info at: www.soltechenergy.com
The solar energy market is facing very strong growth. In Sweden, only 0.3 percent of our energy came from the sun in 2018. In Germany, the corresponding figure was 8 percent in 2018. In the energy agreement from 2016, the goal is for Sweden to have 100 percent renewable electricity generation by 2040. The industry agrees that solar energy’s market share should be at least 10 percent. This means an increase of 33 times and a market valued at approximately SEK 100 billion annually, compared to about SEK 3.4 billion in 2018.
SolTech will achieve these goals through organic growth and an aggressive acquisition strategy that will take the Company out into the Nordic region and eventually also into Europe. SolTech will focus on companies within solar energy as well as roofing, façade, battery / charging and electricity industries, as well as companies with smart energy solutions for control and control.
CEO Stefan Ölander comments:
In the next few years, it will be clear which players will dominate the solar energy market. We are convinced that SolTech will be one of the winners as we already have the aesthetic and integrated solar energy products of the future, a clear acquisition strategy that is constantly adding new entrepreneurs and businesses as well as access to capital and quick business decisions.
For more information contact: Stefan Ölander, CEO SolTech Energy Sweden AB (publ) Tel: 070-739 80 00. E-mail: stefan.olander@soltechenergy.com
The information in this press release is such that SolTech Energy Sweden AB (publ) is to publish in accordance with EU Regulation No 596/2014 on market abuse. The information was provided through the above contact person’s publication for publication on November 13, 2019 at. 07.30 CET.
About SolTech Energy Sweden AB (publ)
The SolTech Energy Group develops and sells aesthetic and building-integrated solar energy products for all types of properties – commercial, public and villas. The products are part of an exterior shell of a property in the form of a roof or a wall with integrated solar cells for the production of electricity. The group includes the subsidiaries SolTech Sales & Support, NP-Gruppen and Swede Energy Power Solutions. SolTech Energy Sweden AB (publ), is traded on Nasdaq First North Growth Market under the short name SOLT and has approximately 31,000 shareholders. The company’s Certified Adviser is Erik Penser Bank Phone: 08-463 83 00. Email: certifiedadviser@penser.se. More info at: www.soltechenergy.com
In addition to our subsidiaries, the company has dealerships with the following companies:
– Kraftpojkarna and Rexel, the leading wholesalers in Sweden
– Benders, Solkraft Sverige, Soldags, Measol, Panel roof, Partbuilding, Ecocharge and Jämtsol Energi AB
For more information, please contact: Stefan Ölander, CEO SolTech Energy Sweden AB (publ)
Tel: +46 70 739 80 00. Email: stefan.olander@soltechenergy.com
The information in this press release is such that SolTech Energy Sweden AB (publ) must publish in accordance with EU Regulation No. 596/2014 on Market Abuse.
The information was submitted through the above contact person’s agency for publication on June 28, 2019 at. 10.45 CET.
About SolTech Energy Sweden AB (publ)
SolTech Energy develops and sells aesthetic and building-integrated solar energy products for all types of real estate – commercial, public and residential. The products are part of a building’s outer shell in the form of a roof or a wall with integrated solar cells for the production of electricity. The Group also conducts operations in China where the business model consists of financing, owning and operating solar power plants on customers’ roofs and selling all the electricity that is produced. The Group also includes the subsidiaries Nyedal Solenergi, the NP Group and Swede Energy, as well as the jointly owned companies ASAB in Sweden and ASRE in China. SolTech Energy Sweden AB (publ) is traded on First North at Nasdaq Stockholm under the short name SOLT and has about 25,000 shareholders. The Company’s Certified Adviser Erik Penser Bank Telephone: +46 8 463 83 00. Email: certifiedadviser@penser.se. More info at: www.soltechenergy.com
CEO Stefan Ölander in a comment:
– Our subsidiaries do a fantastic job and create energy for the Group and our customers. With our very successful rights issue with 333 percent oversubscription in our back, we now have the resources to continue our acquisition journey.
Some examples of major transactions worth about SEK 34 million in Q2, 2019 for SolTech’s three subsidiaries. All transactions will be delivered in 2019 and are within the respective companies’ budget and current business areas.
NP Group:
Telge Bostäder – roof and window changing with the possibility of solar energy, order value 17.65 MSEK
Lidingö City – four different waterproofing works, order value 2.6 MSEK
Sweden Energy:
HSB Sundsfastigheter – solar power plant for Turning Torsos parking garage in Malmö, order value 2.1 MSEK Kilenkrysset – solar energy plant for Ramirent’s new head office in Stockholm, order value 2.4 MSEK
Willhem AB – solar power plant to Skäggetorp center, order value 2.1 MSEK
Region Örebro County – a unique technical solution where the solar power plant is placed at the top of a parking garage where the roof consists of a pergola in steel construction, order value 3.5 MSEK
Nyedal Solar Energy:
Mölndals Stad – solar power plant at Almåshallen, order value 1.8 MSEK
Swedish Church – solar power plant for Halmstad Cemetery administration, order value SEK 1.3 million
Midroc and PEAB – solar energy plant in Falkenberg, order value 850,000 SEK
For more information, please contact: Stefan Ölander, CEO SolTech Energy Sweden AB (publ)
Tel: 070-739 80 00. Email: stefan.olander@soltechenergy.com
The information in this press release is such that SolTech Energy Sweden AB (publ) must publish in accordance with EU Regulation No. 596/2014 on Market Abuse. The information was submitted through the above contact person’s agency for publication on June 13, 2019, at. 08.30 CET.
About SolTech Energy Sweden AB (publ)
SolTech Energy develops and sells aesthetic and building-integrated solar energy products for all types of real estate – commercial, public and residential. The products are part of a property’s outer shell in the form of a roof or walls with integrated solar cells for the production of electricity. The Group also conducts operations in China where the business model consists of financing, owning and operating solar power plants on customers’ roofs and selling all the electricity that is produced. The Group also includes the subsidiaries Nyedal Solenergi, the NP Group and Swede Energy, as well as the jointly owned companies ASAB in Sweden and ASRE in China. SolTech Energy Sweden AB (publ) is traded on First North at Nasdaq Stockholm under the short name SOLT and has just over 18,000 shareholders.
The Company’s Certified Adviser is Erik Penser Bank AB. Telephone: +46 8 463 83 00. Email: certifiedadviser@penser.se. More info at: www.soltechenergy.com
The instillation will annually produce circa 1,500,000 kWh. The customer is contractually committed to buying all the electricity the installation produces over the span of 20 years. Over this same period, ASRE receives subsidies from Chinese authorities based on every kilowatt-hour (kWh) delivered to the customer. Investment in the installation, which continues to be owned by ASRE, amounts to approximately 9 MSEK. Its construction is scheduled to start during the 1st quarter of 2019.
CEO Stefan Ölander comments:
”Sales in China continue to mount as planned. The recently presented cooperation with JOOL Markets is intended to ensure the financing required to meet the sales goal set for the year 2019, thus enabling us to continue building solar energy installations that contribute to the creation of a better climate in China and – at the same time – create value for our shareholders.”
For more information, please contact: Stefan Ölander, CEO SolTech Energy Sweden AB (publ).
Tel: 070-739 80 00, email: stefan.olander@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 17 December 2018, 08:00 CET.
SolTech Energy in brief
SolTech Energy develops and sells esthetic, building-integrated solar energy products for all forms of building structures – commercial, public and residential. The products are part of a building’s outer shell, as a roof or wall, with integrated solar cells for the production of electricity. The concern also operates in China, where the business model consists of financing, owning and servicing solar energy installations on the roofs of customer owned facilities, and of selling all the electricity these installations produce. Soltech Energy Sweden AB (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT” and has over 15,000 shareholders. Also included in the concern are its jointly owned (51% ) subsidiaries ASAB in Sweden and ASRE in China. The company’s Certified Advisor is Erik Penser Bank. For more information see: www.soltechenergy.com
Investment in China
SolTech’s investment in China is carried out by Advanced SolTech Renewable Energy (Hangzhou) Co. Ltd (ASRE), which is jointly owned by our partner, Advanced Solar Power Hangzhou Inc. (ASP). The business model consists of having ASRE finance, install, own, and periodically service solar energy installations mounted on the roofs of customer-owned facilities. The customer does not pay for the installed solar energy unit, but instead undersigns a long-term, 20-25 year contract to buy all the electricity the relevant unit produces. ASRE’s current income comes from the sale of electricity to customers, along with various forms of subsidies based on kWh production. Focus is now concentrated on building a backlog of orders for 2019 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 (ca. 100 MEUR).
ASAB has previously issued four bonds, primarily directed toward private individuals and all are listed. SOLT1 is listed on the First North Bond Market, and SOLT2-4 on First North Sustainable Retail Bonds. Solt2-4 are green bonds and have, in fact, been classified as “Dark Green” by the independent institute Cicero, which certifies that all funds are invested in environmentally friendly projects.
ASAB’s business operation consists of financing the construction of solar energy instillations in China, which are installed, owned and periodically serviced by the SolTech concern’s jointly owned Chinese subsidiary, Advanced SolTech Renewable Energy Hangzhou Co. Ltd. (ASRE) ASRE has a comprehensive order back log that steadily increases. Consequently, the need of capital to meet this growth is strong. For this reason, ASAB is now examining the possibility of issuing bonds directed toward a more professional investment faction on the Nordic bond market. With this goal in mind, ASAB has authorized JOOL Markets as Financial Advisor with regard to evaluating the possibility of issuing a secured senior bond.
For more information, please contact: Frederic Telander, CEO Advanced SolTech Sweden AB (publ). Tel: 070-525 16 03, 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 December 2018, 07:00 CET.
Advanced SolTech Sweden AB (publ) – ASAB
With the goal of providing current financing for investment in China, the parent SolTech concern and its partner in China, Advanced Solar Power Hangzhou Inc., have created ASAB. The mission of ASAB’s business operation is to finance, by means of making loans to the parent concern, solar energy installations in China that are owned and periodically serviced by ASRE or its wholly owned local subsidiaries. Security for the loaned-out funds consists of the underlying assets (solar energy installations and customer receivables). The Company’s Certified Advisor Mangold Fondkommission AB ,telephone no. +46 8 5030 1550.For more info see: www.advancedsoltech.com
SolTech Energy in brief
SolTech Energy develops and sells esthetic, building-integrated solar energy products for all forms of building structures – commercial, public and residential. The products are part of a building’s outer shell, as a roof or wall, with integrated solar cells for the production of electricity. The concern also operates in China, where the business model consists of financing, owning and servicing solar energy installations on the roofs of customer owned facilities, and of selling all the electricity these installations produce. Soltech Energy Sweden AB (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT” and has over 15,000 shareholders. Also included in the concern are its jointly owned (51%) subsidiaries ASAB in Sweden and ASRE in China. The company’s Certified Advisor is Erik Penser Bank. For more information see: www.soltechenergy.com
Investment in China
SolTech’s investment in China is carried out by Advanced SolTech Renewable Energy (Hangzhou) Co. Ltd (ASRE), which is jointly owned by our partner, Advanced Solar Power Hangzhou Inc. (ASP). The business model consists of having ASRE finance, install, own, and periodically service solar energy installations mounted on the roofs of customer-owned facilities. The customer does not pay for the installed solar energy unit, but instead undersigns a long-term, 20-25 year contract to buy all the electricity the relevant unit produces. ASRE’s current income comes from the sale of electricity to customers, along with various forms of subsidies based on kWh production. Focus is now concentrated on building a backlog of orders for 2019 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 (ca. 100 MEUR).
SolTech intends to acquire companies actively engaged in the sale and installation of roofs, facades and solar-energy solutions. A business broker has been retained for the purpose of finding suitable candidates for acquisition that meet SolTech’s criteria. The immediate goal is to complete a first acquisition before the close of the year.
Every year, approximately 30,000 roof replacements are carried out on existing single-family homes, amounting to a retail worth of circa 5 (five) billion SEK or 500 MEUR. Via these planned acquisitions, SolTech Energy – on a concern level – will come to participate in these sales and installation channels and the opportunity to market its integrated products, which function as both a new roof and a solar cell. In addition to this market, must be added all the apartment cooperatives and public buildings – and, not least, the entire facade market.
SolTech has, from its very inception, developed esthetic and building integrated solar energy products. Thus far, it has primarily been detached solar cell units that have dominated the market. But today, virtually everyone in the solar energy field foresees the day where the market for integrated solar cells will soon be capturing a significantly greater share of the overall market
In taking this first step, SolTech will be focusing on the Swedish market, but does not rule out venturing into other markets in the future. SolTech could and would be able to increase sales organically but, given the current market situation with particularly strong growth for solar energy, our judgment is that acquisition is a better alternative for SolTech and its shareholders.
CEO Stefan Ölander comments:
– Thus far, we have been purely a product supplier for the Swedish market, In order to hasten the shift to the solar cells of the future, we now choose to acquire companies doing business in areas where our products will have a direct channel out and onto to the retail market. Solar energy, roof and facade companies – all are potential candidates. We look forward to adding competence, motivated entrepreneurs and sales channels to significantly increase growth and profit within the SolTech concern.
For more information, please contact: Stefan Ölander, CEO SolTech Energy.
Tel: 070-739 80 00, email: stefan.olander@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 25 October 2018, 07:00 CET.
SolTech Energy in brief
SolTech Energy develops and sells esthetic, building-integrated solar energy products for all forms of building structures – commercial, public and residential. The products are part of a building’s outer shell, as a roof or wall, with integrated solar cells for the production of electricity. The concern also operates in China, where the business model consists of financing, owning and servicing solar energy installations on the roofs of customer owned facilities, and of selling all the electricity produced. Soltech Energy Sweden AB (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT” and has over 15,000 shareholders. Also included in the concern are its jointly owned (51%) subsidiaries ASAB in Sweden and ASRE in China. The company’s Certified Advisor is G&W Fondkommission (securities broker). For more information see: www.soltechenergy.com
For more information, please contact: Stefan Ölander, CEO SolTech Energy. Tel; 070-739 80 00, email: stefan.olander@soltechenergy.com
SolTech Energy in brief
SolTech Energy develops and sells esthetic, building-integrated solar energy products for all forms of building structures – commercial, public and residential. The products are part of a building’s outer shell, as a roof or wall, with integrated solar cells for the production of electricity. The concern also operates in China, where the business model consists of financing, owning and servicing solar energy installations on the roofs of customer owned facilities, and of selling all the electricity produced. Soltech Energy Sweden AB (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT” and has over 15,000 shareholders. Also included in the concern are its jointly owned (51%) subsidiaries ASAB in Sweden and ASRE in China. The company’s Certified Advisor is G&W Fondkommission (securities broker). For more information see: www.soltechenergy.com