Soltech Energy Solutions and Fasadsystem have a vast experience of converting properties into energy producers as a contribution to the green transition. The companies have an agreement with the real estate company Fastpartner for both an integrated solar façade and a traditional solar cell system on the roof. The property is located in Solna, just north of Stockholm. Rickard Viklund, regional sales manager at Soltech Energy Solutions, reveals more about the different solutions in the project.

– For us, it is a priority not only to be a supplier of green energy solutions, but also to be a strong partner that takes an overall responsibility. Something that this project is a clear example of. The property will have both a solar energy solution on the roof and integrated solar panels on the facade, which will then be connected to a smart energy system. This is a useful way to create and optimize renewable energy, says Rickard Viklund, regional sales manager at Soltech Energy Solutions.

New design gives life to the façade
In addition to the property having a roof-mounted solar energy solution, hundreds of square meters of solar panels will cover the façade and become an integrated solar façade. The design of the solar cell façade is tailormade specially to turn the solar panels in the best possible solar position and designed to blend in with the rest of the building. Fasadsystem has constructed the installation system based on the architect's and Fastpartner's wishes, to optimize both the function and design.

– When facade companies, solar energy companies and architects work together, the solar energy buildings of the future will be created, of which this project is a proof of. Connecting facade companies and architects early in the process is key and creates unique projects and cost efficiency right from the start, says Daniel Christiansen, project manager at Fasadsystem.

– We always strive to reduce our climate impact at all levels. Therefore, we environmentally certify our buildings and strive to develop and manage our properties with the least possible resource consumption, both to create sustainable but also attractive properties. Our upcoming property in Solna with solar panels on the roof and integrated into the facade is completely in line with our sustainability ambitions and also creates a climate property with the little extra, says Mari Lindau, area manager at Fastpartner.

Advanced Soltech's CEO Max Metelius comments:

– This order contributes to a strong order book with projects that can be quickly converted into revenue-generating assets after the listing of the company's shares on First North Growth Market on October 29, 2021.

Advanced Soltech's CEO Max Metelius comments:

– This project is part of our framework agreement with Shanxi Yang Tai Group. We continue to build an order book ahead of the capital raising in connection with the listing of the company's shares on First North Growth Market at the end of October 2021.

Soltech Energy Solutions and Skanska have now begun the construction in Öjersjö Hagar, in Partille municipality. The residential area is built with extra high environmental performance, which will make the houses into energy efficient and sustainable net-zero homes*. Several of the houses will be completely climate neutral by minimizing CO2 in materials, in construction and compensatory measures will be taken, such as using renewable energy and bio charcoal. Soltech contributes to the project by installing solar energy solutions on all houses.

– It feels great to develop this area together with Skanska. It is a strong partner with the aim to create a more sustainable society, both today and for the future, which is completely in line with our own ambitions. Solar power is an important component in the journey towards a climate-neutral future and our installations contribute to the net zero homes in Öjersjö, says Rickard Viklund, Regional sales manager at Soltech Energy Solutions.

Solutions for maximum climate compensation
In addition to solar energy solutions, the semi-detached houses are built of wood and will also have climate-improved concrete (with a lower climate footprint) in the foundation with an insulation of recycled cellular plastic. For the walls a glass wool insulation will be used. The houses are also designed with a focus on energy efficiency and the green electricity that is not used in the household is sold back to the electricity grid. Something that benefits both the residents' finances and compensates for emissions that inevitably occur during construction processes.

– In 2017, we took the decision that all our new homes would be Svanenmärkta and since then we have raised our ambition even further. As early as 2030, all new homes from Skanska will be climate-neutral throughout the value chain, and our net zero homes are a step on that journey. Every single choice is important for achieving climate neutrality. Everything from the choice of building materials to production methods and finally how maintenance and operation should be handled. Solar energy solutions and energy efficiency are two keys to success. Öjersjö Hagar will be an excellent example of how we can develop climate-neutral residential areas, says Sophie Edenfelt, Project developer at Skanska.

* Net zero energy means that the property adds as much new renewable energy as it needs for heating, cooling, hot water and property electricity on an annual basis.

Max Metelius, CEO of Advanced Soltech comments

– The price increases for electricity are an expected and logical consequence of the electricity shortages that we have seen in China recently. This is a positive development for the continued expansion of distributed solar energy in China.

http://fzggw.zj.gov.cn/art/2021/9/10/art_1229123366_2354986.html

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.

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 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.

The Offering in brief

• Nasdaq Stockholm AB has, subject to customary conditions, made the assessment that Advanced Soltech meets the applicable listing requirements on Nasdaq First North Growth Market.
• Shareholders in Soltech Energy will be allotted one (1) purchase right (Sw. inköpsrätt) for each share held in Soltech Energy on the record date, 11 October 2021. Thirteen (13) purchase rights grant the right to acquire one (1) Advanced Soltech share for SEK 27.
• In aggregate, 7,272,043 ordinary shares in Advanced Soltech, corresponding to 23.2 percent of the outstanding ordinary shares in Advanced Soltech (votes as well as capital), will be offered for sale.
• Soltech Energy will use the proceeds to subscribe for the corresponding number of new ordinary shares in Advanced Soltech at the same price, so that the proceeds for ordinary shares sold in the Offering will be allocated to Advanced Soltech and Soltech Energy's number of shares in Advanced Soltech will not decrease as a result of the Offering.
• Isac Brandberg AB and Stiftelsen The World We Want have made guarantee commitments totalling approximately SEK 50 million, corresponding to approximately 25 percent of the Offering, for a guarantee fee of 6 percent. If there are additional amounts that are not subscribed after these guarantees, the existing principal owners Soltech Energy and Advanced Solar Power Hangzhou Inc. have undertaken to subscribe for shares in the Company corresponding to the remaining part of a maximum of approximately SEK 146 million, corresponding to approximately 75 percent of the Offering, without the right to compensation. The Offering is thus fully guaranteed.
• The sale of the Advanced Soltech ordinary shares included in the Offering will bring in SEK 196 million to the Company before deduction of expenses related to the Offering.
• The Company reserves the right to issue additional ordinary shares to qualified investors at a subscription price corresponding to the price in the Offering for the purpose of raising additional capital if the demand exists among such investors.
• In connection with the Listing, all preference shares in the Company will be converted into 9,810,221 ordinary shares with a total value of approximately SEK 265 million, corresponding to 116.25 percent of the amount paid for the preference shares issued in September 2020 and 115 percent of the amount paid for the remaining outstanding preference shares.
• The price in the Offering corresponds to a pre-money market capitalisation of Advanced Soltech’s ordinary shares of approximately SEK 845 million.
• The first day of trading in the Company’s ordinary shares on Nasdaq First North Growth Market is expected to 29 October 2021, and the share will be traded under the ticker symbol “ASAB”. The expected settlement date is 2 November 2021.

Stefan Ölander, CEO Soltech Energy, comments

• We are now proud to be able to publish the special listing of Advanced Soltech. Our shareholders receive an attractive offer to expand their investment in the world's largest solar energy market by using the purchase rights granted to all Soltech Energy's shareholders. The purchase rights give the right to acquire shares in Advanced Soltech. If a shareholder chooses not to exercise his purchase rights, they can be sold and he still has at least part of his investment in the solar energy market in China, as Soltech Energy will continue to be a major owner in Advanced Soltech. All newly issued shares from Soltech's recently completed rights issue and over-allotment issue will be allotted purchase rights.

Max Metelius, CEO Advanced Soltech, comments:

• Since the start, Advanced Soltech has financed, installed, owned and operated rooftop-mounted solar PV installations in China and today has a portfolio of 134 electricity-generating solar PV panel installations with a combined capacity of 192.5 MW. The Company has reached a stage in its development where the business model has become commercially viable, and we intend to increase the capacity rapidly and strive to achieve a total capacity of 1,000 MW as early as 2024. Over the past year, we have been working towards an IPO and feel well prepared for this next step in our journey.”

Frederic Telander, Working Chairman of the Board Advanced Soltech, comments:

• We are very proud of Advanced Soltech’s history of high quality and strong growth in a value-driven organisation. The Company is today an established player within solar energy in China and has a proven business model. We see great growth and development opportunities and with the Listing we hope to welcome more shareholders to join our continued journey in the fast-growing market for green energy in China.

Background and reasons for the Offering

The forthcoming Offering together with the Listing of the Company’s ordinary shares on Nasdaq First North Growth Market enables Advanced Soltech to take advantage of the growth opportunities that exist in the Chinese market for solar power, make visible the values that exist in the Company and create a stable, long-term basis for the Company’s continued development.

Terms and conditions for the Offering

Shareholders in Soltech Energy on the record date, 11 October 2021, will be allotted one (1) purchase right for each share in Soltech Energy. Thirteen (13) purchase rights grant the right to acquire one (1) Advanced Soltech share from Soltech Energy. SEK 27 should be paid in cash for each acquired Advanced Soltech share.

In the event not all ordinary shares in the Offering are acquired by exercise of purchase rights (primary purchase rights) Soltech Energy’s Board of Directors will, within the framework of the Offering, resolve on the allocation of Advanced Soltech ordinary shares without support from purchase rights.

Isac Brandberg AB and Stiftelsen The World We Want have made guarantee commitments totalling approximately SEK 50 million, corresponding to approximately 25 percent of the Offering. If there are additional amounts that are not subscribed after these guarantees, the existing principal owners Soltech Energy and Advanced Solar Power Hangzhou Inc. have undertaken to subscribe for ordinary shares in the Company for the remaining part of a maximum of approximately SEK 146 million, corresponding to approximately 75 percent of the Offering, without the right to compensation. The Offering is thus fully guaranteed and Advanced Soltech will through the issue of 7,272,043 ordinary shares bring in SEK 196 million to the Company before deduction of expenses related to the Offering.

The sale of the Advanced Soltech ordinary shares included in the Offering will bring in SEK 196 million to the Company before deduction of expenses related to the Offering. In order to ensure that Soltech Energy owns the same number of ordinary shares in Advanced Soltech after the Offering as before the Offering and that the proceeds for ordinary shares sold in the Offering will be allocated to Advanced Soltech, Advanced Soltech will carry out a directed issue at the same price as in the Offering, of the same number of ordinary shares sold in the Offering to Soltech Energy

The record date in Soltech Energy for obtaining purchase rights is 11 October 2021. Last day of trading in the Soltech Energy share including rights to allotment of purchase rights in the Offering is 7 October 2021. First day of trading in the Soltech Energy share excluding rights to allotment of purchase rights is 8 October 2021. Application to acquire Advanced Soltech ordinary shares shall be made between 13 October 2021 – 27 October 2021. Trading with purchase rights occurs between 13 October 2021 – 25 October 2021 and is arranged on the OTC list through beQuoted (BQ Broker).

For purchase rights that are not exercised, no financial compensation will be paid. Shareholders who receive purchase rights should take into account that taxation takes place in different ways depending on whether the purchase rights are exercised, sold or expire unused.

In connection with the Listing, 99,050 preference shares of series A and 14,750 preference shares of Series B, a total of 113,800 preference shares, will be converted into 9,810,221 ordinary shares and new Articles of Association will be adopted, meaning that the Company will only have one class of shares. The preference shareholders shall receive ordinary shares with a value of approximately SEK 265 million, corresponding to 116.25 percent of the amount paid for the preference shares issued in September 2020 and 115 percent of the amount paid for the remaining outstanding preference shares.

Prospectus

For further information on, including, complete terms and instructions for the Offering, please refer to the prospectus that has been prepared in connection with the Offering and as of today 28 September 2021 has been approved by the SFSA. The prospectus is available on Advanced Soltech's website (www.advancedsoltech.se) and Soltech Energy's website (www.soltechenergy.com). During the application period, the prospectus will also be available on Carnegie's website (www.carnegie.se) and on DNB's website for ongoing issues (www.dnb.se/emission). The prospectus will, within a few days, be available on the SFSA’s prospectus register (www.fi.se/sv/vara-register/prospektregistret).

Listing on Nasdaq First North Growth Market

The Board of Directors of Advanced Soltech has applied for, and received, approval from Nasdaq Stockholm AB regarding the listing of the Company’s ordinary shares on Nasdaq First North Growth Market, provided that customary conditions are fulfilled, including that the distribution requirements in respect of the Company’s ordinary shares is fulfilled no later than on the first day of trading and that the Company submits an application for the Company’s ordinary shares to be admitted for trading on Nasdaq First North Growth Market. The first day of trading in the Advanced Soltech share on Nasdaq First North Growth Market is expected to 29 October 2021, and the share will be traded under the ticker symbol “ASAB”.

Preliminary timetable

Last day of trading in the Soltech Energy share including rights to allotment of purchase rights in the Offering	7 October 2021
First day of trading in the Soltech Energy share excluding rights to allotment of purchase rights in the Offering	8 October 2021
Record date in Soltech Energy, shareholders registered in the shareholder register on this day will receive purchase rights that give the right to participate in the Offering	11 October 2021
Trading in purchase rights through BQ Broker	13 October 2021– 25 October 2021
Application period – application to acquire Advanced Soltech ordinary shares	13 October 2021– 27 October 2021
Estimated announcement of the outcome of the Offering	29 October 2021
First day of trading in Advanced Soltech on Nasdaq First North Growth Market	29 October 2021
Settlement date	2 November 2021

About Advanced Soltech

Advanced Soltech is a power producer of renewable electricity that finances, owns and operates rooftop-mounted solar PV installations in China. The Company enters into 20-year contracts with the owners of large properties, which undertake to purchase the produced electricity over the duration of the contract. The electricity purchased from Advanced Soltech is priced at a discount of approximately 10–15 percent compared to the price that the customer would pay for electricity from the grid.

Advanced Soltech is headquartered in Stockholm, Sweden and the wholly-owned local operating subsidiary Advanced Soltech Renewable Energy Hangzhou Co. Ltd. (“ASRE”) is headquartered in Hangzhou, China.

ASRE was founded in 2015 as a joint venture between the Swedish solar energy company SolTech Energy Sweden AB (publ) and the Chinese solar panel producer Advanced Solar Power Hangzhou Inc. with the vision of accelerating the migration to renewable energy through a solar as a service offering, where the electricity produced by the solar PV installations is sold to the customers instead of the solar PV installation itself.

With its solar as a service offering, Advanced Soltech is able to create interest from previously untapped customer segments within the rapidly growing renewable energy market in China as the Company's solution offers an easy and attractive alternative to traditional solar power solutions where the property owners themselves would have to install and maintain their own solar PV panel installations.

Advanced Soltech has, as of 30 June 2021, a portfolio of 134 electricity-generating solar PV panel installations with a combined capacity of 192.5 MW and has reached a stage in its development where the business model has become commercially viable. In addition to the operating solar PV panel installations there is a pipeline of projects with a combined capacity of 123 MW. In addition, there are signed contracts corresponding to 37 MW.

Advisors

Carnegie Investment Bank AB (publ) (“Carnegie”) and DNB Markets, a part of DNB Bank ASA, Sweden branch (“DNB”) act as Joint Global Coordinators. Advokatfirma DLA Piper Sweden KB is the legal advisor to the Company and Gernandt & Danielsson Advokatbyrå KB is the legal advisor to the Joint Global Coordinators.

Important information

This announcement does not constitute an offer of securities in Advanced SolTech Sweden AB (publ) (the "Company") in any jurisdiction.

This announcement does not constitute a prospectus in any jurisdiction, including for the purposes of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, and repealing Directive 2003/71/EC (together with any related implementing and delegated regulations, the “Prospectus Regulation”), and has not been approved by any regulatory authority in any jurisdiction. A prospectus in connection with the Offering will be prepared and published by the Company on the Company website. Investors should not invest in any securities referred to in this announcement except on the basis of information contained in the aforementioned prospectus.

In any EEA Member State other than Sweden, this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Regulation, i.e., only to investors who can receive the offer without an approved prospectus in such EEA Member State.

The contents of this announcement have been prepared by and is the sole responsibility of the Company. The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed by any person for any purpose on the information contained in this announcement or its accuracy, fairness or completeness.

This announcement and the information contained herein is not for publication, distribution or release, directly or indirectly, in or into Australia, Canada, Hong Kong, Japan, New Zeeland, Singapore, United Kingdom, South Africa, Switzerland, South Korea and the United States of America or any other jurisdiction where the publication, distribution or release would be unlawful. This announcement is not an offer to sell or a solicitation of any offer to buy any securities issued by the Company in any jurisdiction where such offer or sale would be unlawful.

This announcement does not constitute, or form part of, an offer to sell, or a solicitation of an offer to purchase, the shares and/or any other securities in the Company referred to in this announcement in the United States including its territories and possessions and any state of the United States. The shares and/or any other securities referred to in this announcement have not been and will not be registered under the Securities Act, or with any securities regulatory authority of any state or other jurisdiction of the United States, and may not be offered or sold within the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The offer and sale of the securities referred to herein has not been and will not be registered under the applicable securities laws of Australia, Canada, Hong Kong, Japan, New Zeeland, Singapore, United Kingdom, South Africa, Switzerland, South Korea and the United States of America. Subject to certain exceptions, the securities referred to herein may not be offered or sold in Australia, Canada, Hong Kong, Japan, New Zeeland, Singapore, United Kingdom, South Africa, Switzerland, South Korea and the United States of America or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada, Hong Kong, Japan, New Zeeland, Singapore, United Kingdom, South Africa, Switzerland, South Korea and the United States of America. There has been no and will be no public offer of securities in the Australia, Canada, Hong Kong, Japan, New Zeeland, Singapore, United Kingdom, South Africa, Switzerland, South Korea and the United States of America.

In the United Kingdom this announcement is being distributed only to, and directed exclusively at, qualified investors (i) who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”) or (ii) who fall within Article 49(2)(A) to (D) of the Order; and (iii) to whom it may otherwise lawfully be communicated (all such persons together being referred to as “Relevant Persons”). This announcement and any investment or investment activity to which it relates will only be engaged in within the United Kingdom, by persons who are Relevant Persons. This announcement should not be acted on or relied on by anyone other than Relevant Persons in the United Kingdom.

Forward-looking statements

Statements included in this announcement that are not historical facts (including any statements concerning investment objectives, other plans and objectives of management for future operations or economic performance, or assumptions or forecasts related thereto) are, or may be deemed to be, “forward-looking statements”. These forward-looking statements may be identified by the use of forward-looking terminology, including the terms “believes”, “estimates”, “plans”, “projects”, “anticipates”, “expects”, “intends”, “aims”, “targets”, “may”, “will” or “should” or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. Forward-looking statements may, and often do, differ materially from actual results. Any forward-looking statements reflect the Company’s current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to the Company’s business, results of operations, financial position, liquidity, prospects, growth or strategies. Forward-looking statements speak only as of the date they are made and are subject to change without notice and do not purport to contain all information that may be required to evaluate the Company. The information included in this announcement may be subject to updating, revision and amendment and such information may change materially. No person is under any obligation to update or keep the current information contained in this announcement and any opinions expressed relating thereto are subject to change without notice.

Information to distributors

Solely for the purposes of the product governance requirements contained within: (a) EU Directive 2014/65/EU on markets in financial instruments, as amended ("MiFID II"); (b) Articles 9 and 10 of Commission Delegated Directive (EU) 2017/593 supplementing MiFID II; and (c) local implementing measures (together, the "MiFID II Product Governance Requirements"), and disclaiming all and any liability, whether arising in tort, contract or otherwise, which any "manufacturer" (for the purposes of the MiFID II Product Governance Requirements) may otherwise have with respect thereto, the shares in the Company have been subject to a product approval process, which has determined that such shares are: (i) compatible with an end target market of retail investors and investors who meet the criteria of professional clients and eligible counterparties, each as defined in MiFID II; and (ii) eligible for distribution through all distribution channels as are permitted by MiFID II (the "EU Target Market Assessment"). Solely for the purposes of each manufacturer's product approval process in the United Kingdom, the target market assessment in respect of the shares in the Company has led to the conclusion that: (i) the target market for such shares is only eligible counterparties, as defined in the FCA Handbook Conduct of Business Sourcebook, and professional clients, as defined in Regulation (EU) No 600/2014 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 ("UK MiFIR"); and (ii) all channels for distribution of such shares to eligible counterparties and professional clients are appropriate (the "UK Target Market Assessment" and, together with the EU Target Market Assessment, the "Target Market Assessment"). Notwithstanding the Target Market Assessment, Distributors should note that: the price of the shares in the Company may decline and investors could lose all or part of their investment; the shares in the Company offer no guaranteed income and no capital protection; and an investment in the shares in the Company is compatible only with investors who do not need a guaranteed income or capital protection, who (either alone or in conjunction with an appropriate financial or other adviser) are capable of evaluating the merits and risks of such an investment and who have sufficient resources to be able to bear any losses that may result therefrom. The Target Market Assessment is without prejudice to the requirements of any contractual, legal or regulatory selling restrictions in relation to the Offering.

For the avoidance of doubt, the Target Market Assessment does not constitute: (a) an assessment of suitability or appropriateness for the purposes of MiFID II or UK MiFIR; or (b) a recommendation to any investor or group of investors to invest in, or purchase, or take any other action whatsoever with respect to the shares in the Company.

Each distributor is responsible for undertaking its own target market assessment in respect of the shares in the Company and determining appropriate distribution channels.

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.