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.
Soltech Energy Sweden AB’s (publ) new share issue with preferential rights for shareholders has been completed. The rights issue was oversubscribed by 166 percent. In total, shares were subscribed for more than SEK 657 million, which is why Soltech has decided to also carry out a directed Over-allotment Issue. Soltech will thus receive a total of approximately SEK 397 million before issue costs of approximately SEK 3.5 million.
CEO Stefan Ölander in a comment:
– We are humbly grateful for the great trust existing shareholders have shown us in this new share issue as they have subscribed for well over SEK 400 million. The Board has decided that our existing shareholders will receive 100 percent of the allotment in the issues. We will now continue our successful acquisition strategy, invest in existing subsidiaries and contribute to a green energy transition.
Number of shares and Over-allotment
A total of 11,471,235 shares were subscribed for with the support of subscription rights, corresponding to approximately 93 percent of the Rights Issue, and 21,389,118 shares without the support of subscription rights, corresponding to approximately 173 percent of the Rights Issue.
To enable an even greater investment in acquisitions and existing subsidiaries, the Board has decided to issue an additional 7,500,000 shares in an Over-allotment Issue. This is done at a subscription price of SEK 20 per share, which gives SEK 150 million, and on the terms stated in the prospectus regarding the Rights Issue, which gives approximately SEK 247 million.
Through the Rights Issue and the Over-allotment Issue, a total of 19,861,207 shares will be issued and the Company will thus receive approximately SEK 397 million before issue costs of approximately SEK 3.5 million.
Allocation in the Rights Issue
The persons who have subscribed for shares on the basis of subscription rights have been allotted BTA in connection with simultaneous payment. Notice of allotment to the persons who have subscribed for shares without the support of subscription rights is expected to be distributed on 9 September 2021 by sending a settlement note. Allocation to the persons who have subscribed for shares via a nominee is expected to be visible in the account around 9 September 2021. Nominee-registered shareholders will be notified of the allotment in accordance with the respective nominee’s routines. Subscribed and allotted shares must be paid in cash no later than the settlement date, 14 September 2021, in accordance with the instructions on the settlement note. Only those who receive shares will be notified.
Allocation in the Over-Allocation Issue
Notice of allotment to the persons who have subscribed for shares without the support of subscription rights is expected to be distributed on 9 September 2021 by sending a settlement note.
The Board of Directors has decided to grant the right to allotment to existing shareholders who have also subscribed for shares without preference in the Over-allotment Issue. This is done pro rata in relation to the number of shares subscribed with preference. The decision means that existing shareholders will be allotted 100 percent of the Rights Issue and the Over-allotment Issue.
Share capital and number of shares
After registration of the Rights Issue and the Over-allotment Issue with the Swedish Companies Registration Office, the Company’s share capital will increase by SEK 993,060.35 to a total of SEK 4,707,464.25. The number of shares in the Company will thereafter increase by an additional 19,861,207 shares to a total of 94,149,285 shares.
Paid subscribed shares, BTA
Subscription of shares with and without preferential rights took place during the period 24/8 – 7/9 2021. As soon as the share capital increase has been registered with the Swedish Companies Registration Office, paid subscribed shares (BTA) in the rights issue will be converted into new shares. Until then, trading with BTA on the Nasdaq First North Growth Market will go on. Trading in new shares is expected to begin on Nasdaq First North Growth Market around week 41 2021. The persons allotted shares in the directed Over-allotment Issue will not receive BTA but will instead be allotted shares after the share capital increase has been registered with the Swedish Companies Registration Office. This is expected to take place around week 41 2021.
The interest for electrical charging posts for hotelchains, golf courses and paddle centers is growing. That’s what Soltech's subsidiary Swede Energy will take action on and deliver after signing an agreement with the parking operator Pair. The collaboration is already underway and will in the coming six-months period involve installation of hundreds of charging posts all over Sweden. The agreement between the two companies runs over a five-year period.
Swede Energy has a vast experience of green energy solutions. The company has now signed a framework agreement with the parking operator Pair. The agreement means that Swede Energy will install electrical charging posts across the country. The charging posts will then be available to visitors at, for example, at the Best Western and other hotel chains, independent hotels, golf courses and at padle facilities.
– It is with great pleasure that we can now announce that we have signed a framework agreement with Pair for hundreds of charging posts. Pair is an exciting operator that fills a growing need for charging infrastructure, not least when the majority of the country's municipalities have a shortage of charging posts, which causes unnecessary emissions. We are very much looking forward to helping to create a more holistic charging infrastructure across the country, says Christoffer Caesar, CEO of Swede Energy.
Charging points – increasingly important service
Sustainability investments, such as charging posts, have emerged as a much wanted service to guests as well as an alternative source of income during the pandemic when the number of guests has decreased. Pair has installed charging posts for the well-known hotel chain Best Western and has extensive experience of working with both the hotel industry and golf courses. Per Gerleman, founder of Pair, knows the importance for hotels of being able to offer charging points at its facilities.
– We are pleased that we have now landed this agreement with Swede Energy. They offered an overall responsibility with nationwide ambitions, and it feels great that we can now move forward together. Charging poles are becoming an increasingly important service for creating an attractive hospitality industry and the hotel industry is breathing future optimism again, and therefore it feels extra good that we will now enabling charging points at more hotel facilities, says Per Gerleman, founder of Pair.
– Green energy solutions play a key role in our ambition to develop smart and attractive hotel facilities that are appreciated by both our guests and the environment. Offering charging points at our hotels creates even better conditions for us to be competitive in a future where electrification spots places new demands on the whole of society and also on us in the service industry, says Agneta Jaktland Director of Quality Assurance at Best Western.
Soltech Energy's subsidiaries, Merasol and Takorama, will now replace the roof and install solar power on four residential buildings in Gothenburg. The solar power installations will cover an area of close to 2,700 square meters and will be carried out for the real estate company Willhem.
Soltech's subsidiaries Takorama and Merasol will together now change roofs and install solar power on four residential buildings in Gråbo, Gothenburg. The assignment is carried out for the real estate company Willhem and the whole reconstruction of the facility and installations are expected to be completed by the end of the year. The solar energy facility is expected to produce approximately 130,000 kWh annually, which corresponds to approximately 30 percent of the property’s total electricity consumption.
– Thousands of square meters of solar energy-and remodeled roofs. This project shows the strength of the Soltech Group when we combine several different companies' competencies in one assignment. Willhem is demonstrably investing in sustainability, and it is very positive for us to let the sun shine even more over Gråbo, says Stefan Jennefalk, Sales manager at Merasol.
New waterproofing layers on the roof and solar panels
The four residential buildings will not only have solar cells, but also new roofs and waterproofing layers. Soltech's subsidiary Takorama is responsible for the roof reconstruction.
– It is very with great proudness Takorama is part of this project. We specialize in products on flat, low-sloping roofs with a long durability and high service standard and roofs that then get solar cells on top of them are of course extra fun. Doing this together with our sister company also feels great, says Micke Norrby, CEO of Takorama.
– Willhem as a real estate company has a large responsibility in managing our resources in the best possible way, and green renewable energy solutions that minimize our environmental impact is a hygiene factor. The solar energy plant will both reduce our total climate impact, but also ensure that our tenants can live in environmentally friendly properties, says Mikael Sköld, Project Manager at Willhem.
Soltech Energy's subsidiary, Swede Energy, has signed an agreement for what will be the Nordic region's largest roof-placed solar cell facility, both in terms of area and capacity. The facility will be installed at InfraHub's logistics property in Norrköping. In total, the new installation will measure 65,000 sqm and with an output of as much as 6.5 MWp, it will be the largest in both Sweden and the Nordic countries.
In 2020, Swede Energy built the Nordic region's largest solar cell facility, at that time, on a roof for Castellum in Gothenburg at 3.7 MWp, a solar power installation that this year won the Swedish Solar Energy's “Facility of the Year” award. The now planned installation, which will be approximately twice as large, will be built on a logistics property in Norrköping, built by Infrahubs, and also owned by Catella with fifty percent. Completed in 2022, the facility will be the Nordic region's largest on a roof, both in terms of area and installed capacity. The total area filled with solarpanels is the size of 12 full-size football fields.
Successful collaboration
Earlier this year, Swede Energy received an order from Infrahubs to build a solarpower solution on one of the company's properties in Örebro, where Matsmart is the tenant. Now they will further increase the collaboration.
– To be able to build another facility with Infrahubs is very honorable for Swede Energy and to also be get the opportunity to build what will be the Nordic region's largest roof-mounted solarpower facility is of course a sign of strength and trust that we are proud of. Facilities like this really make a difference in the green transition and we are pleased to once again increase the share of solar energy in Sweden together with InfraHubs, says Christoffer Caesar, CEO of Swede Energy.
– We are proud that we have finalised the deal for our largest solar cell project so far. Green energy solutions play a key role in our ambition to develop smart and sustainable logistics properties that promote both our tenants needs and the environment. Becoming the largest in the Nordic region is extra fun and we look forward to doing this together with Swede Energy, says Andreas Ekberg, Operations Manager at Infrahubs.
The shopping center Nacka Forum will get solar panels on the roof. The global real estate company Unibail-Rodamco-Westfield and Soltech's subsidiary Swede Energy has signed an agreement for a large solar cell installation on the shopping center's roof. The installation will cover an area of just over 1,700 sqm.
The solar energy group Soltech Energy's subsidiary Swede Energy has a long and vast experience of installing large roof-mounted photovoltaic systems. The company will now build an installation of just over 1,700 sqm at Nacka Forum in Stockholm together with the global real estate company Unibail-Rodamco-Westfield (URW), which owns the shopping center. Construction will start in September and the facility is then calculated to produce approximately 300,000 kWh annually.
– It is a great opportunity do this together with URW. It is a real estate company with high demands on sustainability, which this solar energy facility is further proof of. We are proud of to contribute to Nacka Forum knowing that the visitors in the future will benefit from the sun's rays, says André Nylén, regional manager at Swede Energy.
A shopping center with sustainability ambitions
Nacka Forum is one of Stockholm's largest shopping centers with a wide range of local and international tenants. The Nacka Forum works continuously with many objectives to reduce its environmental impact and is already “BREEAM in use”-certified*. Now, Nacka Forum scale up the sustainability work further through the large energy investment.
– For us, it is of great importance to work daily to reduce our climate footprint so that Nacka Forum is a place that contributes to a sustainable urban environment from all aspects. Green energy solutions such as solar energy are completely in line with our sustainability strategy, Better places 2030, and we are very much looking forward to our new solar energy facility, which will, among other things, provide Nacka Forum's 28 electric car chargers with renewable locally produced electricity, says Marie Larsson, Center manager at Nacka Forum.
* BREEAM in use certification: An evaluation method as proof of environmental class where Nacka Forum achieves ‘Excellent’ in the first part, and ‘Very good’ in the second.
Soltech Energy's subsidiary, Takbyrån, has signed an agreement for a roofing contract of 27,000 sq.m. for Skanska in Gothenburg. The roof is also being prepared to support a solar energy facility later.
Takbyrån has a long history of roofing contracts with insulation and waterproofing. Since the company joined the solar energy group Soltech in June 2021, the company have added solar energy to its product range. The roof contract at Spårvagnsdepån will measure 27,000 sq.m., and Takbyrån is also preparing the roof for a possible solar energy solution in the future
– This project is a” feather in the cap” for Takbyrån. A large roofing contract for an established real estate company such as Skanska is something that of course means a lot. Since we are a part of Soltech, a few months back, we have had a dialogue with Skanska about which type of waterproofing layer is best suited for roofs with solar energy panels and we will build a sustainable solution so that solar power can be added later. If the client later wants to install solar energy on the roof, ware now more than ready to assist with that job as well, says Tobias Udén, CEO of Takbyrån in Alingsås.