Advanced Soltech's subsidiary in China, has signed an order with Nanxiang Wanshang (Wuhu) Trade Logistics Park Investment Co. Ltd. The order concerns the installation of a solar energy plant of 5 megawatts (MW), which is estimated to generate annual revenues of approx. SEK 4.2 million, or approx. SEK 84 million during the agreement's 20-year term. The investment in the facility, which will be owned by Advanced Soltech's wholly owned subsidiary in China, amounts to approximately SEK 29.7 million and construction is scheduled to start in the fourth quarter of 2021. The project achieves good profitability without subsidies and is located in Anhui province.
Advanced Soltech's CEO Max Metelius comments:
– Recent power shortages in some parts of China put further focus on the need for further expansion of solar energy. Our assessment is that the electricity shortage leads to even greater demand for our offer. We now have a very strong order book ahead of our capital raising in conjunction with our listing on First North Growth Market.
On October 1, Soltech Energy Sweden AB (publ) acquired 100 percent of the shares in NEAB Gruppen AB with access on the same day. The company has sales of approximately SEK 145 million and has approximately 105 employees with headquarters in Norrköping. Now the plan is to, together with Soltech, integrate solar energy into the product range and increase both sales and earnings. The acquisition consolidates an already strong position in electrical engineering. The acquisition is financed entirely from its own cash and with newly issued Soltech shares. The NEAB Group is expected to contribute approximately SEK 35 million in sales during the fourth quarter, 2021 with a positive result.
The new President and CEO of NEAB Gruppen will be the current Chairman of the Board, Pelle Norberg. The company's previous owners Johan Tankred and Tommy Björk will remain in leading positions in the company and are fully focused on developing the company for many years to come.
Soltech has an offensive growth strategy with acquisitions in the solar, roof, facade and electrical engineering industries. Together, these companies will create synergy effects and build a strong group with cross-border expertise. The acquisition of the electrical engineering company NEAB Gruppen strengthens the Group's presence, primarily in Östergötland and Skåne.
– Now we are growing in the electrical engineering industry, which is completely in line with our acquisition strategy, as more solar energy installations require more electricians. NEAB Gruppen is a fast-growing company with over 105 competent employees. That this happens only weeks after our completed new rights issue proves that we not only talk about rapid growth but also deliver it, says Stefan Ölander, CEO of Soltech Energy.
A company with a broad geographic market
The NEAB Group was founded in 1987 and has since had a successful journey. The company specializes in electrical engineering and often performs contract work at schools, logistics properties, apartment buildings and other construction contracts. The company is currently represented in Skåne, Norrköping, Linköping, Finspång, Nyköping and Stockholm. The NEAB Group is now adding solar energy to its offering when joining the Soltech Group.
– It feels fantastic that we are now part of Soltech. Our customers' demand for solar energy is growing daily and in order to be able to compete in the future, electrical engineering companies need to possess solar energy expertise. Meeting that development and society's increased electrification with a large solar energy group behind it will create great benefits for us and our customers, says Pelle Norberg, CEO, NEAB Gruppen.
Advanced Soltech's subsidiary in China, has signed an order with Anhui WanKai Logistics Park Co. Ltd. The order concerns the installation of a solar energy plant of 1.6 megawatts (MW) and is estimated to generate annual revenues of approx.. SEK 1.25 million, or approx.. SEK 25 million during the agreement's 20-year term. The investment in the facility, which will be owned by Advanced Soltech's wholly owned subsidiary in China, amounts to approx. SEK 9.4 million and construction is planned to start in the fourth quarter of 2021. The project achieves good profitability completely without subsidies and is located in Anhui Province.
Advanced Soltech's CEO Max Metelius comments:
– We have a good portfolio of projects to be built during the autumn. We are experiencing strong demand and our sales organization is working very well. We are now carrying out our listing in order to create the conditions for even faster growth, which is necessary to save the climate.
Soltech Energy's subsidiary, Merasol and Fasadsystem, will now install a large solar cell façade on a high-rise building in Gothenburg. The project is a remodeling where the previous facade needed to be renovated and streamlined for better effect. The solar cell façade is expected to be commissioned at the end of 2021 and the order value amounts to SEK 4,2 million.
Soltech's subsidiaries Merasol and Fasadsystem have a vast experience of preparing for, and installing, green energy solutions. Now the two companies are reinstalling a large solar cell façade on a high-rise building in Gothenburg for Tuve Bygg, where the previous installation was not optimal from an effect point of view.
– This project is great for Merasol. We get to help the customer to streamline their already existing solar cell facade and increase the installation's performance. This is a clear example of synergy effects within the solar group, where we together with our sister company jointly ensure that the customer's solar energy solution is now assembled and installed in a new way and now lasts for many years of solar deliveries in the future, says Stefan Jennefalk, Sales manager at Merasol.
Installation by Fasadsystem and solar energy by Merasol
The solar cell façade's installation system is installed by Fasadsystem, and Merasol then designs and assembles the solar panels. All solar panels that are installed are reused from the previous façade, which means that no new panels need to be produced.
– For Fasadsystem, this is a very exciting assignment from several aspects. Firstly, we get to help upgrade an existing installation, and further, we do it by reusing the solar panels, which is great from a sustainability perspective. With our new solution, the customer does not have to invest in new panels, but we pick down existing material and then reassemble the installation in a way that benefits both the customer's wallet and the environment, says Daniel Christiansen, Project manager at Fasadsystem.
– It feels great to work with a group that understands the importance of quality and that, like us, thinks circularly. We look forward to jointly helping the customer to get a newly installed solar cell façade that is installed to withstand both weather and wind and at the same time produce lots of green energy for the property, says Shirwan Amin, Site manager at Tuve Bygg.
Advanced Soltech's subsidiary in China, has signed an order with Xinmaji Industrial Co Ltd. The order concerns an installation of a solar energy plant of 3.9 megawatts (MW) and is estimated to generate annual revenues of approx. SEK 2.6 million, or approx. SEK 52 million during the agreement's 20-year term. The investment in the facility, which will be owned by Advanced Soltech's wholly owned subsidiary in China, amounts to approximately SEK 22.4 million and construction is planned to start in the first quarter of 2022. The project achieves good profitability completely without subsidies and is located in Guangdong Province.
Advanced Soltech's CEO Max Metelius comments:
– This project is in an industrial park with about 10,000 employees. Installing solar energy is an important part of the customer's communication with both employees and customers. In addition, it lowers the customer's energy costs and most importantly, helps reduce harmful climate emissions.
Now, five apartment buildings on Södermalm will get new roof material with a complete solar energy system installed on top. Soltech Energy's subsidiaries, NP Gruppen and Measol, will jointly carry out the project for Stockholmshem AB. The project has a total order value of approximately SEK 3.8 million and is expected to be completed by the end of November.
Soltech's subsidiaries have a vast experience of green energy solutions and roofing. The companies NP Gruppen and Measol have now signed an agreement with Stockholm's largest housing company, Stockholmshem. The agreement cover installation of a solar energy system as well as new roof material for a sustainable solution.
The ambition for Stockholmshem is to invest in more solar energy. The company has an aim that ten percent of their electricity consumption will come from solar power in 2040, that is in line with the City of Stockholm's goal and Sweden's overall climate ambitions. Now, five of the apartment buildings on Södermalm, in Stockholm, will be able to use the sunrays for the electricity supply.
– It feels great that we have now signed an agreement on both roofing and solar energy. Not least when we get to carry out this project with our sister company Measol. Stockholmshem is an exciting real estate partner that actively invests in solar energy solutions, which this solar installation is a fantastic proof of, says Marcus Juhlin, Solar Energy Manager at NP Gruppen.
Advanced Soltech's subsidiary in China, has signed an order with Anhui GaoJian Machinery Technology Co. Ltd. The order concerns an installation of a solar energy plant of 0.4 megawatts (MW) and is estimated to generate annual revenues of approximately SEK 0.3 million, or approximately SEK 6 million during the agreement's 20-year term. The investment in the facility, which will be owned by Advanced Soltech's wholly owned subsidiary in China, amounts to approximately SEK 2.3 million and construction is planned to start in the fourth quarter of 2021. The project achieves good profitability completely without subsidies and is located in Anhui Province.
Advanced Soltech's CEO Max Metelius comments:
– We are continuing our expansion in Anhui Province, which is in line with our expansion plans. We are experiencing good demand for our offer and continue to build up a strong order book for the fourth quarter.
Advanced Soltech's subsidiary in China, has signed an order with Deqing Ruiming Small and Micro Enterprise Park Management Co Ltd. The company has the same owner as an existing customer. The order concerns the installation of a solar energy facility of 1 megawatt (MW) and is estimated to generate annual revenues of approx. SEK 0.68 million, or approximately SEK 13.6 million during the agreement's 20-year term. The investment in the facility, which will be owned by Advanced Soltech's wholly owned subsidiary in China, amounts to approx. SEK 5.7 million and construction is planned to start in the fourth quarter of 2021. The project achieves good profitability completely without subsidies and is in Anhui province.
Advanced Soltech's CEO Max Metelius comments:
– Our sales organization continues to reap success in Anhui Province. It is especially satisfying to be able to deliver several good projects that are located in the same area, which streamlines the maintenance of the facilities.
The interest for electrical charging posts for hotelchains, golf courses and paddle centers is growing. That’s what Soltech's subsidiary Swede Energy will take action on and deliver after signing an agreement with the parking operator Pair. The collaboration is already underway and will in the coming six-months period involve installation of hundreds of charging posts all over Sweden. The agreement between the two companies runs over a five-year period.
Swede Energy has a vast experience of green energy solutions. The company has now signed a framework agreement with the parking operator Pair. The agreement means that Swede Energy will install electrical charging posts across the country. The charging posts will then be available to visitors at, for example, at the Best Western and other hotel chains, independent hotels, golf courses and at padle facilities.
– It is with great pleasure that we can now announce that we have signed a framework agreement with Pair for hundreds of charging posts. Pair is an exciting operator that fills a growing need for charging infrastructure, not least when the majority of the country's municipalities have a shortage of charging posts, which causes unnecessary emissions. We are very much looking forward to helping to create a more holistic charging infrastructure across the country, says Christoffer Caesar, CEO of Swede Energy.
Charging points – increasingly important service
Sustainability investments, such as charging posts, have emerged as a much wanted service to guests as well as an alternative source of income during the pandemic when the number of guests has decreased. Pair has installed charging posts for the well-known hotel chain Best Western and has extensive experience of working with both the hotel industry and golf courses. Per Gerleman, founder of Pair, knows the importance for hotels of being able to offer charging points at its facilities.
– We are pleased that we have now landed this agreement with Swede Energy. They offered an overall responsibility with nationwide ambitions, and it feels great that we can now move forward together. Charging poles are becoming an increasingly important service for creating an attractive hospitality industry and the hotel industry is breathing future optimism again, and therefore it feels extra good that we will now enabling charging points at more hotel facilities, says Per Gerleman, founder of Pair.
– Green energy solutions play a key role in our ambition to develop smart and attractive hotel facilities that are appreciated by both our guests and the environment. Offering charging points at our hotels creates even better conditions for us to be competitive in a future where electrification spots places new demands on the whole of society and also on us in the service industry, says Agneta Jaktland Director of Quality Assurance at Best Western.
Soltech Energy's subsidiaries, Merasol and Takorama, will now replace the roof and install solar power on four residential buildings in Gothenburg. The solar power installations will cover an area of close to 2,700 square meters and will be carried out for the real estate company Willhem.
Soltech's subsidiaries Takorama and Merasol will together now change roofs and install solar power on four residential buildings in Gråbo, Gothenburg. The assignment is carried out for the real estate company Willhem and the whole reconstruction of the facility and installations are expected to be completed by the end of the year. The solar energy facility is expected to produce approximately 130,000 kWh annually, which corresponds to approximately 30 percent of the property’s total electricity consumption.
– Thousands of square meters of solar energy-and remodeled roofs. This project shows the strength of the Soltech Group when we combine several different companies' competencies in one assignment. Willhem is demonstrably investing in sustainability, and it is very positive for us to let the sun shine even more over Gråbo, says Stefan Jennefalk, Sales manager at Merasol.
New waterproofing layers on the roof and solar panels
The four residential buildings will not only have solar cells, but also new roofs and waterproofing layers. Soltech's subsidiary Takorama is responsible for the roof reconstruction.
– It is very with great proudness Takorama is part of this project. We specialize in products on flat, low-sloping roofs with a long durability and high service standard and roofs that then get solar cells on top of them are of course extra fun. Doing this together with our sister company also feels great, says Micke Norrby, CEO of Takorama.
– Willhem as a real estate company has a large responsibility in managing our resources in the best possible way, and green renewable energy solutions that minimize our environmental impact is a hygiene factor. The solar energy plant will both reduce our total climate impact, but also ensure that our tenants can live in environmentally friendly properties, says Mikael Sköld, Project Manager at Willhem.