Esthetic, building-integrated solar cells that fill several functions in one and the same product are, without question, the future’s solar energy. SolTech Energy is now launching SolTech RooF, a new product that replaces traditional roofing tiles, and it will be marketed as a building material for roof replacement. The market demand for home roof replacement – in Sweden alone – generates over 5 billion Swedish crowns in annual sales.

According to Benders, the roofs of about 30,000 homes are replaced every year and, in addition to roof replacements, there is also the construction of approximately 12,000 new modest single-family houses. SolTechRoof is perfectly suited to customers who wish to have a solar-energy solution that is, at the same time, an esthetically pleasing roof. Moreover, when compared with a roof supporting an unattractive, add-on solar energy unit, SolTechRoof is not only competitively priced, but also raises the value of the house.

Today, the private market for solar energy is dominated by silicon solar cells mounted on top of an existing roof. These installations fall a long way short of esthetically pleasing and many homeowners shy away from compromising the appearance of their home by having them mounted. Sol Tech Energy has – since its very inception – applied itself to the goal of creating esthetic and building-integrated solar energy solutions. Two years ago, SolTech ShingEl was launched – and now comes the launch of its successor, SolTechRoof, which is larger and has an attractive price per installed kvm/watt.

SolTech RooF is environmentally smart and designed from an eco-design perspective. This means, beginning as early as the concept phase, we have consciously worked on ensuring that, when the time comes to replace it, the product will be fully recyclable, which is both climate smart and economical from start to goal. SolTech RooF is constructed to be fully integrated with the roof, with a sub-frame identical that used for common roof tiles. The concept makes production easy and cost-effective to install.

CEO Stefan Ölander comments:
– I am proud and very pleased that we are now launching an optimized successor to SolTech ShingEl, which is built on the same concept, though smaller. Traditional, outside-mounted solar cell units are clearly still selling the most, true. But everyone within the solar energy field, both in Sweden and internationally, agree that esthetic and building-integrated solar cells will very soon be taking large markets shares. We at SolTech Energy stand ready to meet that demand.

For more information please contact: Stefan Ölander, CEO SolTech Energy Sweden AB (publ.).
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 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 G&W Fondkommission (securities broker). For more information see: www.soltechenergy.com

Release
The stock exchange introduction of SolTech Energy’s Chinese business operation, with Advanced SolTech Sweden AB (publ.) as the proposed parent company, is planned to be carried out during the late fall of 2019. As it happens, this timeframe represents a postponement of the previously envisioned and announced second quarter of 2018.

Background

ASAB’s owners, SolTech and Advanced Solar Power Hangzhou Inc. (ASP), find that, in today’s situation, alternative financing solutions for the Chinese operation are more favorable than an issue of shares with attendent listing.  A wait and see policy has also provided time for the building of an even more solid platform to base the introduction on, with both sales as well as profits having risen notably higher. ASAB’s introduction on the stock exchange will aim to facilitate the further financing of growth in China, partially by the separate, ongoing development of SolTech and ASP’s respective operations, and partially by creating better transparency and comprehension of the Chinese business operation.

Follow up of the financing strategy from October 2017

The result of SolTech’s financing strategy that was released in October 2017 is as follows:

Over the period 9 January–18 July 2018, SolTech’s Chinese business operation, Advanced SolTech Renewable Energy Hangzhou Co. Ltd. (ASRE), has coupled solar installations with a sum total capacity equivalent to 15.5 megawatts (MW) to the central electric network, and has also taken over a 12.7 MW installation from SolTech’s Chinese partner ASP. As of this writing, ASRE now has a total capacity of 52.21 MW coupled to the electrical network in China. On a cumulative, 12-month rolling basis, this capacity generates income amounting to approximately 70 MSEK (7 MEUR) annually. In addition, ASRE has 2.73 MW under construction, a backorder log totaling 25.24 MW, and a 95 MW pipeline project that is continuously being worked on.

To date, the above capacity has been financed as outlined below

The jointly owned (51% SolTech and 49% ASP) Swedish subsidiary ASAB carried out, during the spring of 2018, its first new bond issue with proceeds amounting to 65.5 MSEK, whereof 6.1 MEUR (ca. 58.5 MSEK) were loaned out to ASRE

  • In the identically proportioned, jointly held Chinese company, ASRE, SolTech and ASP have thus far, and in proportion to their ownership, invested 19 MEUR (ca. 180 MSEK) of their own capital that was provided to ASRE.
  • During the first quarter of 2018, ASAB carried out a new green bond issue directed to the general public amounting to 128 MSEK. These funds have been loaned out to ASRE.
  • Instead of the above-discussed introduction of ASAB on the stock exchange during the second quarter of 2018, an additional green bond, amounting to 148 MSEK, was issued to the general public. The major portion of the liquidity afforded by this issue was furnished to ASRE. A smaller, remaining portion is under registration in China and will soon be provided without restriction.
  • In addition, ASRE has obtained loans totaling 34 MSEK from the Bank of China and negotiations with a further number of Chinese bankers and credit institutions are ongoing.

The financing strategy in place up to the late fall of 2019

ASRE intends to finance the remaining part of 2018’s capacity goal, as well as 2019’s, by:

  • Continuing the issue of green bonds in ASAB, as they have proven to be very successful.
  • Additional bank loans.
  • Selling selected parts of the installation portfolio in accord with previously announced strategy.
  • Direct injections of capital in ASRE, which are primarily expected to come from the above-discussed stock exchange listing of ASAB.

It is the Board of Directors’ judgment that, with implementation of the above financing measures, the stock market value of SolTech should develop in a positive direction, more specifically; in pace with the increased sales and profit of the Chinese business operation – but also: As the commercialization of SolTech ShingEl and other SolTech products starts to speed up, so too should the company’s stock market value.

For more information, please contact: Frederic Telander, CEO SolTech Energy och Advanced SolTech Sweden. 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 15 August 2018, 10:00 CET.

SolTech Energy in brief
SolTech Energy develops and sells building-integrated solar energy products for all forms of building structures – commercial, public and residential. The products are a part of a building’s outer shell, as a roof, wall or window, containing semi-transparent solar cells for the production of electricity that simultaneously shuts out solar heat. 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.

Advanced SolTech Sweden AB (publ) – ASAB                                                                                                                                                    For the express purpose of financing investment in China, the SolTech concern’s parent company and its partner in China, Advanced Solar Power Hangzhou Inc., have formed ASAB. ASAB’s business operation is centered on financing the construction of solar energy installations in China that are owned and periodically serviced by ASRE or its wholly owned subsidiaries. As security for said loaned out funds, ASAB holds contractual claim to underlying assets (solar energy installations and customer receivable accounts). The company’s Certified Advisor is Mangold Fondkommission AB. Tel: +46 8 5030 1550. For more info, see: www.advancedsoltech.com.

Investment in China
SolTech’s investment in China is carried out by a jointly owned company, Advanced SolTech Renewable Energy (Hangzhou) Co. Ltd (ASRE), where SolTech owns 51 percent and Advanced Solar Power Hangzhou Inc. (ASP) owns 49 percent. The business model consists of having ASRE finance, install, own, and periodically service solar energy installations mounted on the roofs of customer-owned facilities. The customer does not pay for the installed solar energy unit, but instead undersigns a long-term, 20-25 year contract to buy all the electricity and/or thermal heat the relevant unit produces. ASRE’s current income comes from the sale of electricity to customers, along with various forms of subsidies per produced kWh. Focus is now concentrated on building a backlog of orders for 2018 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. 95 MEUR).

Release
SolTech’s subsidiary ASRE has now obtained a total of thirty-one coupled installations, equivalent to a capacity of 39.51 MW.  Calculated on a cumulative, 12-month rolling basis, these instillations are estimated to generate approximately 57 MSEK ( 5.5 MEUR) in annual income with a handsome profit margin. As ASRE is consolidated into the SolTech concern according to the Proportional Method, SolTech’s share of this income will be 51 percent.

CEO Frederic Telander comments:
– As we released on June 1, 2018, the coupling of our additional completed installations to the electrical network in China was near at hand. Here are two of them.

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 2 July 2018, 07:00 CET.

SolTech Energy in brief
SolTech Energy develops and sells building-integrated solar energy products for all forms of building structures – commercial, public and residential. The products are a part of a building’s outer shell, as a roof, wall or window, containing semi-transparent solar cells for the production of electricity that simultaneously shuts out solar heat. Soltech Energy Sweden AB (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT” with ca. 15,000 shareholders. Also included in the concern are its jointly owned (51%) subsidiaries ASAB in Sweden and ASRE in China (below is more info on ASRE). The company’s Certified Advisor is G&W Fondkommission (securities broker). For more information see: www.soltechenergy.com.

Investment in China
SolTech’s investment in China is carried out by a jointly owned company, Advanced SolTech Renewable Energy (Hangzhou) Co. Ltd (ASRE), where SolTech owns 51 percent and Advanced Solar Power Hangzhou Inc. (ASP) owns 49 percent. The business model consists of having ASRE finance, install, own, and periodically service solar energy installations mounted on the roofs of customer-owned facilities. The customer does not pay for the installation, 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 2018 and beyond, with the goal of obtaining an installed capacity of 605 MW (megawatts) by the close of 2021, which in 2022 will be set into full operation, generating current annual sales amounting to approximately 1 billion SEK (100 MEUR).   

Release
Soltech’s subsidiary ASRE has now attained a total of twenty-nine coupled installations, equivalent to a sum total capacity of circa 34.71 MW. Calculated on a rolling 12-month basis, these coupled installations are estimated to generate approximately 51.36 MSEK (5.14 MEUR) in annual income with a good margin of profit.  As ASRE is consolidated into the SolTech concern in accord with the Proportional Method, SolTech’s share of this income will be 51 percent.

CEO Frederic Telander comments:
-We are now in the completion phase regarding the construction of several solar energy installations. This is the first to be coupled in June, but we are expecting an additional number to be coupled in the coming weeks.

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 12 June 2018, 07:00 CET.

SolTech Energy in brief
SolTech Energy develops and sells building-integrated solar energy products for all forms of building structures – commercial, public and residential. The products are a part of a building’s outer shell, as a roof, wall or window, containing semi-transparent solar cells for the production of electricity that simultaneously shuts out solar heat. Soltech Energy Sweden AB (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT” with ca. 15,000 shareholders. Also included in the concern are its jointly owned (51%) subsidiaries ASAB in Sweden and ASRE in China (below is more info on ASRE). The company’s Certified Advisor is G&W Fondkommission (securities broker). For more information see: www.soltechenergy.com.

Investment in China
SolTech’s investment in China is carried out by a jointly owned company, Advanced SolTech Renewable Energy (Hangzhou) Co. Ltd (ASRE), where SolTech owns 51 percent and Advanced Solar Power Hangzhou Inc. (ASP) owns 49 percent. The business model consists of having ASRE finance, install, own, and periodically service solar energy installations mounted on the roofs of customer-owned facilities. The customer does not pay for the installation, 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 2018 and beyond, with the goal of obtaining an installed capacity of 605 MW (megawatts) by the close of 2021, which in 2022 will be set into full operation, generating current annual sales amounting to approximately 1 billion SEK (100 MEUR).        

Release

Swedish solar company, SolTech Energy Sweden AB (Publ) has joined the Climate Bonds Partners Program. SolTech Energy develops and sells building-integrated solar energy products for all forms of building structures – commercial, public and residential.
Partners assist in developing climate finance solutions, market development committees and help define policy agendas for national, regional and sector-based programs.

SolTech Energy group has a total of two green bonds listed on Nasdaq Stockholm. The third will be issued in June by SolTech Energy’s subsidiary, ASAB (Advanced SolTech Sweden AB (publ.) in cooperation with Avanza Bank and G&W Fondkommission. ASAB was the first company to list a retail bond in March 2018 at the launched market Nasdaq First North Sustainable Retail Bonds.
SolTech Energy’s presence on the European and Chinese markets and overall expertise, will add another dimension to the understanding of market features and advocacy around the urgent need to scale up national and regional climate investment.

Frederic Telander, CEO, SolTech Energy
-We look forward to working with the Climate Bonds Initiative to promote climate change action and the global uptake of clean technology. Green finance growth and low carbon investment are vital to the expansion of energy solutions both in Sweden and abroad.

Manuel Adamini, Director Investor Outreach & Partners Programme, Climate Bonds Initiative
-We welcome this partnership with SolTech Energy and the opportunity to cooperate on green finance developments with a leading Scandinavian clean technology development and innovation market player.
We are excited to explore opportunities with SolTech Energy to have more small and medium-sized enterprises (SMEs) access debt markets for green funding. Given SoTech Energy’s more than 15,000 retail shareholders, we also want to look for opportunities to mobilize citizens’ savings to fund a low carbon future.”

SolTech contact:
Frederic Telander
CEO Advanced SolTech Sweden AB (publ) och SolTech Energy Sweden AB (publ)
Tel: +46 8 441 88 46
Mail: frederic.telander@soltechenergy.com

Climate Bonds contact:
Andrew Whiley
Head of Communications & Media
Tel: +44 (0) 7506270943
Mail: andrew.whiley@climatebonds.net

About SolTech Energy Sweden AB (publ.):
SolTech Energy develops and sells building-integrated solar energy products for all forms of building structures – commercial, public and residential. We offer products that are part of a building’s outer shell in the form of a roof, façade, balcony railings or a window. We offer black and variously colored solar cells, as well as semi-transparent solar cells for the production of electricity that simultaneously shut out solar heat. SolTech Energy Sweden AB (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT” and has over 15,000 shareholders. Included in the group are its jointly owned (51%) subsidiaries Advanced SolTech Sweden AB (publ.), ASAB, in Sweden and Advanced SolTech Renewable Energy Hangzhou Co. Ltd, ASRE, in China. The company’s Certified Adviser is G&W Fondkommission (securities broker). For more info, see: www.soltechenergy.com

Investment in China:
SolTech’s investment in China is carried out by a jointly owned company, Advanced SolTech Renewable Energy (Hangzhou) Co. Ltd (ASRE), where SolTech owns 51 percent and Advanced Solar Power Hangzhou Inc. (ASP) owns 49 percent. The business model consists of having ASRE finance, install, own, and periodically service solar energy installations mounted on the roofs of customer-owned facilities. The customer does not pay for the installed solar energy unit, but instead undersigns a long-term, 20-25 year contract to buy all the electricity 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 2018 and beyond, with the goal of obtaining an installed capacity of 605 MW (megawatts) by the close of 2021, which in 2022 will be set into full operation, generating current annual sales amounting to approximately 1 billion SEK (100 MEUR).

About Climate Bonds Initiative:
The Climate Bonds Initiative is an investor-focused not-for-profit, promoting large-scale investment in the low-carbon economy. It undertakes advocacy and outreach to inform and stimulate the market, provides policy models and government advice, market data and analysis and administers the Standards & Certification Scheme.

For more information, please visit www.climatebonds.net.

Climate Bonds Partners Program:
Banks, institutional investors, private and non-governmental organizations (NGOs) and governments are eligible to join as Climate Bond Partners to help grow a market of green and climate bonds.
Partners support investor and stakeholder outreach and education projects centered on growing robust and sustainable green bond markets that contribute to climate action and low carbon investment.
Partners assist in developing initiatives to grow investment in climate finance solutions, participate in different market development committees & help define policy agendas for sector, country & sub-national green bond development programs. A list of Partners is available here.

Release
On June 1, 2018, China publicized a new subsidy policy for roof-installed solar electric production. For SolTechs jointly held company in China, Advanced SolTech Renewable Energy Hangzhou Co. Ltd. (ASRE), this means the existing subsidy intake of ASRE’s coupled installations totaling 32 MW will continue according to the old model until their 20-year contracts end. But for the 12 MW (megawatts) under construction, as well as the 25 MW on back order, this new policy means a probable reduced income of circa 10 percent over the term of their contracts, when compared with earlier published estimates. ASRE’s considered view, however, is that this reduction can be compensated for by lower installation costs and reduced rebates for produced and sold solar electricity, along with the on going higher effectiveness of the solar cells over time.

Background
Of the total circa 100 GW of solar electricity installed throughout the world in 2017, China stood for a good 52 GW. A significant motivating factor has been China’s subsidies to solar electricity, where roof-installed solar electricity has been favored at cost to ground-installed units. The strong growth has therefore been especially favorable to suppliers of roof-installed solar electricity, but at the same time it has also resulted in greater competition for customers. In order to seal contracts with the most attractive customers, with large roof surfaces and high priced electricity, many suppliers have made use of government subsidies to offer notably large rebates relative to those offered by a customer’s normal supplier. This has worked to drive growth in the market even higher. In order to lessen the risk of overheating, the NDRC, National Development and Reform Commission, has released a new subsidy policy. The government’s hope is that by so doing the market’s growth can be controlled and simultaneously work to keep out unethical players who install projects of lower quality.

The immediate effect of the new policy is that the central government’s subsidy per produced kWh for roof-installed solar electricity, as of June 1, 2018, is reduced from the previous standing rate, 0.37 Chinese Yuan (CNY), to 0.32 per kWh. The NDRC has also set a ”ceiling” of 10 GW for subsidy entitled roof-installed solar electricity for 2018.

The subsidies granted by the local government in Zhejiang Province, and certain districts in Hangzhou, however, remain unchanged and are paid out as before over, respectively: 20, 5 and 3 years.

The effect on ASRE
ASRE’s income from an installed capacity of 32 MW, which is coupled to the central network, is not affected by these changes. The subsidy per kWh from the central government applies in all respects for 20 years and at the rate that applied/s when the instillation was/is registered with the relevant authorities before construction.

CEO Frederic Telander comments:
-The policy changes in large part meet both our own and ASRE’s expectations. We have been prepared for just such an adjustment for quite some time and have also communicated that this was coming in the prospectuses we’ve published, with respect to the issue of both new shares and bonds. It is our absolute conviction that ASRE could successfully adapt to a system without subsidies, whether from a central or province government, the city of Hangzhou or the district.
Given the conditions that currently prevail, we are convinced that ASRE will be able to generate the same level of earnings without subsidies as we have today with these subsidies. This, through lower installation cost per watt, reduced rebate per kWh to the customer, a gradual increase the price of electricity over time – and not least – more effective solar cells. ASRE’s thin-film technology namely produces circa 5 – 10 percent more electricity per installed watt/year compared with silicon cells in China.

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 5 June 2018, 14:30 CET.

SolTech Energy in brief:
SolTech Energy develops and sells building-integrated solar energy products for all forms of building structures – commercial, public and residential. The products are a part of a building’s outer shell, as a roof, wall or window, containing semi-transparent solar cells for the production of electricity that simultaneously shuts out solar heat. Soltech Energy Sweden AB (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT” with over 14,000 shareholders. Also included in the concern are its jointly owned (51%) subsidiaries ASAB in Sweden and ASRE in China – more info on ASRE appears below. The company’s Certified Advisor is G&W Fondkommission (securities broker). For more information see: www.soltechenergy.com

Investment in China
SolTech’s investment in China is carried out by a jointly owned company, Advanced SolTech Renewable Energy (Hangzhou) Co. Ltd (ASRE), where SolTech owns 51 percent and Advanced Solar Power Hangzhou Inc. (ASP) owns 49 percent. The business model consists of having ASRE finance, install, own, and periodically service solar energy installations mounted on the roofs of customer-owned facilities. The customer does not pay for the installed solar energy unit, but instead undersigns a long-term, 20-25 year contract to buy all the electricity 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 2018 and beyond, with the goal of obtaining an installed capacity of 605 MW (megawatts) by the close of 2021, which in 2022 will be set into full operation, generating current annual sales amounting to approximately 1 billion SEK (100 MEUR).

Release
SolTech’s subsidiary ASRE has now coupled a total of 28 solar energy installations, equivalent to a sum total capacity of 31.96 MW, to the central network in China. Calculated on a cumulative 12-month rolling basis, these coupled installations are estimated to generate income amounting to approximately 48.26 MSEK (4.8 MEUR) with a handsome margin of profit. As ASRE is consolidated into the SolTech concern in accord with the Proportional Method, the concern’s share of this income is 51 percent.

For more information, please contact: Frederic Telander, CEO SolTech Energy Tel; 08-441 88 46. email: frederic.telander@soltechenergy.com

The information contained in this press release conforms to that which SolTech Energy Sweden AB (publ.) is required to make public according to the EU’s regulation 596/2014 concerning securities market abuse. Said information is furnished, via the above-cited contact person’s authorization, for publication on 24 April 2018, 07:00 CET.

SolTech Energy in brief:
SolTech Energy develops and sells building-integrated solar energy products for all forms of building structures – commercial, public and residential. The products are a part of a building’s outer shell, as a roof, wall or window, containing semi-transparent solar cells for the production of electricity that simultaneously shuts out solar heat. Soltech Energy Sweden AB (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT” with over 14,000 shareholders. Also included in the concern are its jointly owned (51%) subsidiaries ASAB in Sweden and ASRE in China – more info on ASRE appears below. The company’s Certified Advisor is G&W Fondkommission (securities broker). For more information see: www.soltechenergy.com

Investment in China
SolTech’s investment in China is carried out by a jointly owned company, Advanced SolTech Renewable Energy (Hangzhou) Co. Ltd (ASRE), where SolTech owns 51 percent and Advanced Solar Power Hangzhou Inc. (ASP) owns 49 percent. The business model consists of having ASRE finance, install, own, and periodically service solar energy installations mounted on the roofs of customer-owned facilities. The customer does not pay for the installed solar energy unit, but instead undersigns a long-term, 20-25 year contract to buy all the electricity 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 2018 and beyond, with the goal of obtaining an installed capacity of 605 MW (megawatts) by the close of 2021, which in 2022 will be set into full operation, generating current annual sales amounting to approximately 1 billion SEK (100 MEUR).

Release
SolTech Fasad is a solar cell facade that replaces traditional facade materials. SolTech has, together with its cooperation partner Sapa Building Systems, developed a façade framework for attaching solar cells that will be launched at the Nordbygg convention on April 10, 2018. One of the advantages of this solution – in addition to its esthetic merits – is that the investment cost incurred for the solar cells is recovered within only two years, since the price per square meter is only marginally higher than a traditional plaster paneled facade. The alternative, i.e. installing solar cells outside the surface of an existing facade, is significantly more expensive, making the time-period required to recover the solar cell investment significantly longer.

CEO Frederic Telander Comments:
– Ever since SolTech was first created and built on the strength of its own resources, we have – together with our partners – developed products. This solar cell attaching solution for SolTech Fasad is an example of one such product that has emerged through our productive cooperation with Sapa and Hydro. We see, without question, great potential for this product that is not only strongly competitive economically but, at the same time, also very attractive, esthetically.

For more information, please contact: Frederic Telander, CEO SolTech Energy Tel; 08-441 88 46. email: frederic.telander@soltechenergy.com

SolTech Fasad
SolTech Fasad is a ventilated cold facade made up of solar cells that are attached within an aluminum profile framework. It replaces other building materials, such as: brick, sheet metal, plaster or façade panels. And since the solar cells are also the façade, the investment in the solar cells is a supplemental cost in relationship to the cost of investing in a traditional façade, with a very short investment recovery timespan, calculated on the basis of the monetary return on the electricity produced. SolTech also produces special fitting-components that make possible installation on an existing building, regardless the surface and appearance. SolTech Fasad has an installed effect of 100 – 123 Wp/kvm, dependent the color chosen, from an available selection of gray, green, terra cotta, blue, bronze, yellow and black.

SolTech Energy in brief:
SolTech Energy develops and sells building-integrated solar energy products for all forms of building structures – commercial, public and residential. The products are a part of a building’s outer shell, as a roof, wall or window, containing semi-transparent solar cells for the production of electricity that simultaneously shuts out solar heat. Soltech Energy Sweden AB (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT” with over 14,000 shareholders. Also included in the concern are its jointly owned (51%) subsidiaries ASAB in Sweden and ASRE in China – more info on ASRE appears below. The company’s Certified Advisor is G&W Fondkommission (securities broker). For more information see: www.soltechenergy.com

Release
SolTech Energy’s subsidiary, ASAB (Advanced SolTech Sweden AB (publ.), is the first company to have its new issue bonds listed on Nasdaq Stockholm’s new bond market: First North Sustainable Retail Bonds. The new list is intended for certified green bonds directed toward smaller investors and private individuals.

A listing ceremony at Nasdaq Stockholm has been arranged to take place on March 19, 2018. Fifty investors, along with the media, have been invited to listen to addresses from SolTech Energy and Nasdaq marking this notable occasion, along with witnessing the moment when SolTech Energy’s subsidiary, ASAB, opens the day’s trading with a bond designated SOLT2, by duly ringing the exchange’s bell at 9 AM, precisely.

Background
On 1 February 2018, ASAB offered a new bond issue, together with Avanza Bank directed toward smaller investors and private individuals. The bond’s term spans five years with an 8.75% annual interest rate, and was subscribed in the amount of 128 MSEK (12.8 MEUR) by approximately 2,000 people. Net liquidity, after deductions for customary new issue costs, is earmarked for financing the joint-venture company ASRE’s continued investment in China – in this case, an investment satisfied by a cumulative solar energy capacity of circa 15 MW (megawatts) in existing back orders.

Nasdaq Stockholm’s Ann-Charlotte Eliasson, responsible for bond listing, comments:
– We are especially pleased to welcome Advanced SolTech as the first bond on our new market, First North Sustainable Retail Bonds. Solar energy is a technology with strong potential, and we are delighted – together with Advanced SolTech and Avanza – that, for the first time in the Nordic region, smaller investors will also be able to invest in green bonds; something that we believe will become more and more common in the future.

SolTech Energy’s CEO Frederic Telander comments:
– We are proud to be pioneers within certified green bonds directed toward the consumer market. We believe that now, together with Avanza Bank, have found a way to periodically finance our solar energy project in China that is contributing to the SolTech concern’s increased growth, but, in addition, also contributes to a better climate on Earth for all of us.

For more information, please contact: Frederic Telander, CEO SolTech Energy Tel; 08-441 88 46. email:frederic.telander@soltechenergy.com or David Augustsson, Communication Director, Nordic Fixed Income, Nasdaq. Tel: 073-449 61 35, email:david.augustsson@nasdaq.com

SolTech Energy Sweden AB (publ.) in brief
SolTech Energy develops and sells building-integrated solar energy products for all forms of building structures – commercial, public and residential. We offer products that are a part of a building’s outer shell in the form of a roof, façade, balcony railings or a window. We offer black and variously colored solar cells, as well as semi-transparent solar cells for the production of electricity that simultaneously shut out solar heat. Soltech Energy Sweden AB (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT” with over 14,000 shareholders. Included in the concern are its jointly owned (51%) subsidiaries Advanced SolTech Sweden AB (publ.), ASAB, in Sweden and Advanced SolTech Renewable Energy Hangzhou Co. Ltd, ASRE, in China. The company’s Certified Advisor is G&W Fondkommission (securities broker). For more info, see: www.soltechenergy.com

Investment in China
SolTech’s investment in China is carried out by a jointly owned company, Advanced SolTech Renewable Energy (Hangzhou) Co. Ltd (ASRE), where SolTech owns 51 percent and Advanced Solar Power Hangzhou Inc. (ASP) owns 49 percent. The business model consists of having ASRE finance, install, own, and periodically service solar energy installations mounted on the roofs of customer-owned facilities. The customer does not pay for the installed solar energy unit, but instead undersigns a long-term, 20-25 year contract to buy all the electricity 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 2018 and beyond, with the goal of obtaining an installed capacity of 605 MW (megawatts) by the close of 2021, which in 2022 will be set into full operation, generating current annual sales amounting to approximately 1 billion SEK (100 MEUR).

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Soltech’s subsidiary, ASRE, has now reached a total of twenty-seven coupled installations, with a cumualtive capacity of 29.08 MW. Calculated on a cumulative, 12-month rolling basis, income from these coupled installations is estimated to amount to approximately 45 MSEK (4.5 MEUR) with a good margin of profit. As ASRE is consolidated in the SolTech concern in accord with the Proportional Method, SolTech’s established share of this income is 51 percent.

For more information, please contact: Frederic Telander, CEO SolTech Energy. Tel: 08-441 88 46, email: frederic.telander@soltechenergy.com

The information contained in this press release conforms to that which SolTech Energy Sweden AB (publ.) is required to make public according to the EU’s regulation.596/2014 concerning securities market abuse. Said information is furnished, via the above-cited contact person’s authorization, for publication on 16 January 2018, 07:00 CET.

SolTech Energy in brief
SolTech Energy develops and sells building-integrated solar energy products for all forms of building structures – commercial, public and residential. The products are a part of a building’s outer shell, as a roof, wall or window, containing semi-transparent solar cells for the production of electricity that simultaneously shade out solar heat. Soltech Energy Sweden AB  (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT” with over 13,000 shareholders. Also included in the concern are its jointly owned (51%) subsidiaries ASAB in Sweden and ASRE in China, as well as its wholly owned subsidiary Wasa Rör T Mickelsson AB. The company’s Certified Advisor is G&W Fondkommission (securities broker). For more information see: www.soltechenergy.com.              

Investment in China
SolTech’s investment in China is carried out by a jointly owned company, Advanced SolTech Renewable Energy (Hangzhou) Co. Ltd (ASRE), where SolTech owns 51 percent and Advanced Solar Power Hangzhou Inc. (ASP) owns 49 percent. The business model consists of having ASRE finance, install, own, and periodically service solar energy installations mounted on the roofs of customer-owned facilities. The customer does not pay for the installed solar energy unit, but instead undersigns a long-term, 20-25 year contract to buy all the electricity and/or thermal heat the relevant unit produces. ASRE’s current income comes from the sale of electricity to customers, along with various forms of subsidies per produced kWh. Focus is now concentrated on building a backlog of orders for 2018 and beyond, with the goal of obtaining an installed capacity of 605 MW (megawatts) by the close of 2021, which in 2022 will be set into full operation, generating current annual sales amounting to approximately 1 billion SEK (100 MEUR).     

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