Yet another installation (capacity: 1.2 MW) is now coupled to the central electric network in China, generating income.

SolTech’s subsidiary, ASRE, has now obtained a total of twenty-six coupled installations, equivalent to a sum total capacity of 26.8 MW (megawatts). Calculated on a cumulative, 12-month rolling basis, income from these coupled installations is estimated to amount to approximately 42.1 MSEK (4.3 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 11 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 12,000 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 ChinaSolTech’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).

Release

The number of coupled installations held by SolTech’s subsidiary, ASRE, now totals 25, equivalent to a total capacity of 25.6 MW (megawatts). Calculated on a cumulative, 12-month rolling basis, income from these coupled installations is estimated to amount to approximately 40.6 MSEK (4.1 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 9 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 2017 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 in China, ASRE, has coupled yet another solar energy installation to the electric network, now raising the total of coupled installations to twenty-three, equivalent to 24.47 MW. Calculated on a cumulative 12-month rolling basis, these coupled installations are estimated to generate approximately 39.6 MSEK (3.96 MEUR) annually, with a good margin of profit. ASRE is consolidated into the SolTech concern according to the Proportional Method, and thereby, SolTech’s proportional share of the just-cited estimated annual 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 18 December 2017, 07:00 CET.

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 2017 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 Energy has signed a lette of intent with Ekerö Arena, a notable real estate development project classed on the billion-SEK level. This initial contract outlines SolTech’s participation, in cooperation with other parties, in a project undertaken to make Ekerö Arena completely energy self-sufficient with respect to both electricity and heating.

SolTech’s unique building-integrated solar energy products are planned to be used in order to capitalize on their esthetic integration with roofs, facades, windows and balconies. In addition, access to solar cells of various colors can contribute further artistic enhancement

The Ekerö Arena project is led by Ladza Fastigheter AB and will encompass a public swimming pool, 250 residences, an ice rink, a multi-purpose arena for both sports and concerts, surface-heated football fields, an indoor ski track and a skate park. In addition, schools, hotels and restaurants are planned to be located in the area. The project is to be carried out in stages with building expected to start in 2020.

Lazda Fastigheter has recently signed two letters of intent – in part with SolTech, and in part with SENS, Sustainable Energy Solutions. It marks the start of what will be a somewhat unique cooperative effort that addresses local sustainability, climate responsibility, and energy effectivization.

Solar panels that become roofs, facades and windows
With SolTech Energy’s revolutionary concepts in solar cell technology that make possible fully building integrated installations, Ekerö Arena obtains both sunlight and solar protection through roofs, walls and windows – which, at the same time, turn sunlight into electricity.

”All glass surfaces absorb usable solar energy,” observes Stefan Ölander with SolTech Energy. ”Ekerö Arena’s architecture and size clearly contribute to our being able to maximize the total number of panels on the buildings. And now, when the technology of semi-transparent and colored, thin-film solar cells definitively exists, we must realistically anticipate that more people and businesses will utilize their roofs, facades, windows and balconies to generate energy.”
Energy warehouses that save both heat and cold
By making use of bedrock’s intrinsic storage capacity, a natural energy source can be created. This means, for example, that the summer’s heat is warehoused (in the bedrock) and can be accessed when it’s needed – in winter! The reverse process is also self-evident. That is to say, when people have need of ”cold” in the summer, they can access the warehoused lower temperature at the same time they stock the warehouse with heat – In this way, the seasons change place and everyone wins.

“Through our system, we are able to heat up and cool down residences, swimming pool facilities, and schools. We do this with the surplus heat and surplus cold that result when we heat or, respectively, cool for example, ice rinks, indoor ski tracks, swimming pools, offices and artificial playing fields,” explains Jan Egenäs with SENS.

A perfect combination for becoming ”off grid”
The first step toward obtaining a structure or, as in this case, a large building complex, that is entirely self-sufficient with respect to its energy needs has now been made on behalf of Ekerö Arena’s account.

”It feels very satisfying that we have now written our ’letters of intent’,” states Olle Nordberg with Ladza. ”Our goal – which, thanks to our cooperation with SolTech Energy and SENS, is not at all unrealistic – is that we will be able to produce and store all the energy we need. In addition, we thereby create the preconditions necessary to achieving an economically sustainable project by eliminating a large part of the operational overhead. As with all decisions regarding Ekerö Arena, we strive to make smart and farsighted
choices. It is in this way that one builds for the future.”

Stefan Ölander, SolTech Energy Chairman of the Board, comments:
”If the high level of the climate goals cited in the Paris Agreement are to be met, then buildings of the future must be erected making use of the climate-friendly building technology that, in fact, already exists. At SolTech, we are proud over contributing to the effort of making Ekerö Arena ”off grid”. It fits in well with our vision of creating and providing esthetically appealing solutions that work to promote and bring closer the day every building will produce more energy than it consumes.”

Press contacts:

SolTech Energy Sweden AB, Stefan Ölander. Tel no: 070-739 80 00.
stefan.olander@soltechenergy.com, https://www.soltechenergy.com

Ladza Fastigheter AB. Olle Nordberg. Tel no: 070-862 88 00
olle.nordberg@ladza.se, https://www.ladza.se

SENS – Sustainable Energy Solutions AB. Jan Egenäs. Tel no: 070-593 71 38
jan.egenas@sens.se, https://www.sens.se

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 12,000 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.

Release

SolTech’s subsidiary in China, ASRE, has coupled yet another solar energy installation to the electric network, raising the total of coupled installations to twenty-two and total coupled capacity to 22.65 MW (megawatts). Calculated on a cumulative 12-month rolling basis, these coupled installations are estimated to generate approximately 36.9 MSEK (3.7 MEUR) annually, with a good margin of profit. ASRE is consolidated into the SolTech concern according to the Proportional Method, and thereby, SolTech’s proportional share of the just-cited estimated annual 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 30 November 2017, 07:00 CET.

Release

SolTech Energy has signed a cooperation agreement with SVEA Solar covering the sale and periodic installation of SolTech’s new building-integrated product ShingEl. The market for esthetic solar energy is in its embryonic stage, but nonetheless deemed to capture large market shares over the coming years.

SolTech Energy’s core strategy is to be an innovator, producer and supplier of unique, integrated solar energy solutions that fulfill several functions in the same product. SolTech ShingEl is just such a product with the private market as its target group, and therefore the need of a strong partner within sales and installation. SVEA Solar sells and installs solar cells throughout the country and is one of the leading actors in the Swedish solar cell market.

SolTech Energy’s CEO Frederic Telander comments:

In order to meet the ever increasing interest from private individuals and bostadsrättföreningar (roughly: Co-op apartment building associations) and similar interested parties, we can now direct these customers to SVEA Solar, which is a nation-wide solar energy installer. As earlier announced, we have sealed a contract with Rexel – one of the world’s leading electric wholesalers. With this contract with Rexel, we secure distribution and the product support that solar energy requires, as well as a widespread launching of ShingEl to building contractors and real estate firms. Through our cooperation agreement with SVEA, we now have a complete distribution strategy for the Swedish market, and thereby, have become significantly more effective. SVEA Solar has, over a short expanse of time, built up an impressive company, and we feel safe in projecting that they will serve all ShingEl customers in an exemplary way.

SVEA Solar’s CEO Erik Martinson comments:

Esthetic and building-integrated solar energy is the future. Within 4 – 5 years it is our conviction that this form of solar energy will come to completely dominate the market. We have evaluated the few similar products found in the market and concluded that ShingEl is the best, and we are therefor very pleased that SolTech has signed this cooperation agreement with us.

For more information, please contact: Frederic Telander, CEO SolTech Energy. Tel: 08-441 8846, email: : frederic.telander@soltechenergy.com or Erik Martinson, CEO SVEA Solar. Tel: 073 060 8910. Email: : erik.martinson@sveasolar.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 22 November 2017, 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 12,000 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.

Release

SolTech Energy has signed a three-year cooperation agreement with Rexel Sverige AB for the distribution of SolTech ShingEl in Sweden, with plans to successively expand into the Rexel Group’s other solar energy markets. Rexel is listed on the Paris stock exchange. The company has an international work force numbering 27,000 people, employed in 32 countries, 18 of which are already actively working with solar energy.

The cooperation agreement is exclusive with respect to electrical wholesalers and the goal is to successively expand into Rexel’s other 18 solar-energy engaged countries. Rexel will be taking Soltech products into its own warehouses on a regular basis, in order to thereafter directly distribute them to its customers, as well as to its 63 Storel and Selga stores. Initially, the partnership will be focused on SolTech ShingEl, a completely building-integrated solar cell that functions as a roof tile, perfectly suited to laying seamlessly alongside Benders’ Carisma roof tile

Mikael Bill, product director Rexel Sverige AB, comments:

“The solar energy market continues to pick up speed, and the growth of many of our solar energy customers this year has been strong. We have experienced great demand for building-integrated, and thereby, esthetic solar energy. SolTech Energy’s product portfolio contains many exciting and innovative products that are absolutely right for the times, and hold – in our view – a high level of quality. We are therefore very pleased with this contract and see great business possibilities together in Sweden.”

Frederic Telander, CEO SolTech Energy, comments:

”We are very happy with this contract, which both solves our need of distribution and, with great probability, paves the way for a steadily higher volume of sales. SolTech’s strategy is to be a material supplier and, with this contract, we reach all of Sweden’s solar-energy installation companies, electricians, as well as building and real estate companies, seeking to buy directly from a wholesaler. The realization of a “second-stage” where we can easily expand our contract to 18 countries is an enormous possibility for SolTech Energy. We have the production capacity. This contract now secures our capacity to supply and growth within the sector – and at the same time – it is a lift for the launch of SolTech ShingEl.”

For more information, please contact:
Frederic Telander, CEO SolTech Energy Tel: 08-441 88 46, email: frederic.telander@soltechenergy.com
Mikael Bill, product director Rexel Sverige AB Tel: 08 556 214 08, email: mikael.bill@rexel.se

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 November 2017, 07:00 CET.

Rexel in brief
Rexel Sverige AB is a part of the world-leading French electrical wholesale concern, Rexel Group, operating in 32 countries on four continents. In Sweden, Rexel has established a strong position with circa 700 employees, working in 62 locations and annual sales (2015) amounting to approximately 4 billion SEK (400 million EURO). With a well-developed logistical system, Rexel offers high accessibility in the Swedish market including the establishment of sales locations from Norrland to Skåne via its Selga, Storel and Moel wholesale outlets. Rexel has actively chosen to lead the way within renewable energy and environmentally friendly solutions that work to make the means and use of energy in Sweden more effective. Rexel does this within its specialized wholesale business operation, Rexel Energy Solutions. Rexel’s expertise is focused on the innovative use of modern technique for the purpose of creating “smarter” buildings and is Sweden’s biggest distributor/wholesaler within the solar energy sector.

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 12,000 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.

Release

Sol Tech Energy’s Swedish subsidiary, Advanced SolTech Sweden AB (publ.)(ASAB), with responsibility for financing the Group’s investments in China, signed a contract with Danske Bank in January 2017 for the purpose of exploring the possibility of issuing ”green bonds” to the bank’s network of institutional investors.

Over the course of the year, ASAB and Danske Bank established a structure for a green bond issue. However, after a careful evaluation of the criteria that Danske Bank’s network of investors wished to see fulfilled, the partners have chosen to terminate any further pursuit of this cooperative effort.

CEO Frederic Telander comments:

”As a rule, investors in the institutional market generally take 10% of the total volume and, in this case, they wanted the bond issue to be significantly larger than ASAB had planned. With a greater volume, we run the risk of not being able to convert the money into completed and income producing solar energy installations fast enough, with the consequent follow of increased financing costs.. The institutional investors’ criteria also contained restrictions that made other means of financing the concern’s operation in China – as for example, a public bond issue, bank loans, leasing, etc. – for all practical purposes, impossible. When we weighed the requirements in total, we realized they were neither advantageous to us nor fair to ASAB’s current bondholders. Given this situation, we chose not to further pursue an institutional bond issue.”

A new strategy – making use of our own capital, bonds and bank loans, as well as the introduction of ASAB on the Stock Exchange. SolTech Energy Sweden AB (publ.) and Advanced Solar Power Hangzhou Inc. (ASP) have decided that the following strategy is to be implemented to finance the expansion of solar energy in China through our jointly owned subsidiary ASRE.

SolTech Energy and ASP intend to jointly provide 6 MEUR (57.6 MSEK) of our own capital during the fourth (4^th) quarter of 2017, which shall directly be used to construct solar energy installations that have already been contracted.
ASAB plans to issue a new Green Bond to the public during the first (1^st) quarter of 2018. SolTech Energy’s shareholders and ASAB’s current bondholders will have preference to its subscription.
With the aim of further developing SolTech Energy’s business area, and simultaneously facilitate the financing of our Chinese operation, the concern plans to have ASAB introduced, assuming application approval, on the Nasdaq Stock Exchange during the second (2^nd) quarter of 2018, on First North at Nasdaq Stockholm. Consequently, this listing will be preceded by a reorganization, where after, ASAB will own 100% of ASRE’s stock. The current owners of ASAB stock are SolTech Energy (51%) and our Chinese partner (49%).
In addition to the 34 MSEK loan that ASRE recently secured from the Bank of China in August 2017, we are now negotiating further loans with other large Chinese banks.

CEO Frederic Telander comments:

“ We have laid down a great deal of time and money on the bond project with Danske Bank, and it feels disappointing not to have ended it with a sound bond containing sensible requirements. With advantage of hindsight and better forehand information, we would have chosen the above strategy from the very start, as we judge it to be more favorable to the company and the interests our shareholders, which is the most vital mission we strive to achieve.”

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 20 October 2017, 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 11,000 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

Release

SolTech’s ASRE subsidiary has coupled yet another solar energy installation in China to the electrical network and has now reached a total of twenty coupled installations, equivalent to an electrical capacity of 21.24 MW. Calculated on an accumulated, 12-month rolling basis, these installations will comfortably generate 35.1 MSEK (3.7 MEUR) in earnings with a good profit margin. ASRE is consolidated in the SolTech concern in accord with the Proportional Method, and thereby, SolTech’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 4 October 2017, 07:00 CET.

SolTech Energy AB (publ.) 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 11,000 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 2017 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 (103 MEUR).

Release

SolTech Energy has sold a solar energy installation, consisting of SolTech ST (semi-transparent) panels covering an area of 70 m[2], to Nordin’s Glas och Metall AB for installation on a listed building in Stockholm’s Slakthus (Slaughter-house) area that is owned by the city. The value of the order is a firm 300,000 SEK (31,580 EUR ) and the instillation is estimated to produce circa 4,260 kWh annually.

Beginning 2016, SolTech has held an exclusive cooperative agreement contract with Sapa Building Systems AB covering building-integrated solar energy solutions in the Nordic and Baltic regions. One of Sapa’s trademarks is Wicona and this sale represents the first SolTech ST order from a retail seller of Wicona’s products. Existing conditions are optimal as this roof has direct southern exposure. SolTech ST makes possible a glass roof with permanent sun screening that simultaneously produces electricity.

CEO Frederic Telander comments:
“The big value gained here is the establishment of a functioning reference, rather than the monetary worth of the order: This installation visibly demonstrates that a glass roof can produce electricity. Roofs and windows can, with our unique semi-transparent solar cells, also function as sunscreens, which reduces the need to cool the temperature indoors. We foresee a very strong market when architects, technical consultants, construction firms and building owners open their eyes to these facts. This is only the beginning.”

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 26 September 2017, 07:00 CET.

Release