On March 31, Soltech Energy Sweden AB (publ) acquired 40 percent of the shares in the subsidiary Din Takläggare i Värmland-Dalsland AB (Din Takläggare). Soltech now owns 100 percent of the company. At the same time, the Group makes its first bolt-on acquisition by acquiring 100 percent of the solar energy company Solexperterna Värmland AB (Solexperterna). The acquired company will be part of the now wholly owned subsidiary Din Takläggare from 1 April. This further strengthens Din Takläggare's solar energy competence and installation capacity. Solexperterna are expected to contribute with approximately SEK 5 million in sales during 2022. The acquisitions are financed entirely from its own assets and with newly issued Soltech shares.
Soltech acquired 60 percent of Din Takläggare on September 29, 2020 and is now acquiring the remaining 40 percent. The company is active in roofing and solar energy mainly in Värmland and Dalsland. Since joining the Group, Din Takläggare has been involved in three solar energy installations in its ambition to become, in line with Soltech's transformation strategy, a roofing company that also offers solar energy services.
They are now given even better opportunities when the Group completes its first additional acquisition, also known as a bolt-on acquisition. It is the solar energy company Solexperterna that is acquired and merged into the subsidiary.
– It feels very good that we are acquiring the remaining part of Din Takläggare and at the same time making a bolt-on acquisition that strengthens their business area solar energy. We work actively to develop our subsidiaries, both organically and through strategic bolt-on acquisitions such as this. Our subsidiaries will always be given the best possible conditions to grow and take new market shares, says Stefan Ölander, CEO of Soltech Energy.
A bolt-on acquisition that creates competitive advantages
Solexperterna are active in Värmland and the surrounding area and provide their customers business with a wide range of services in solar energy solutions with a holistic and sustainable perspective. The company currently has about 5 employees and has previously worked closely with Din Takläggare, of which it is now a part.
– We take an exciting new step on our growth journey. Solexperterna is a very competent solar energy company that we earlier have had a great collaboration with. The fact that we are now acquiring their solar energy competence will create even greater value for us in the future and we are very pleased that Soltech is helping us with this bolt-on acquisition, says Håkan Wennberg, CEO of Din Takläggare.
On March 21, Soltech Energy Sweden AB (publ) acquired 30 percent of the shares in the subsidiary Fasadsystem i Stenkullen AB (Fasadsystem) with access on March 21, 2022. Soltech Energy now owns 100 percent of the company and the acquisition of the remaining shares in the company is a part of the ongoing work to strengthen Soltech's offering in solar facades. Fasadsystem has 38 employees and sales of almost SEK 95 million in 2021 with a profit of just over SEK 10 million (EBIT). The acquisition is financed entirely from its own assets and with newly issued Soltech shares.
Soltech acquired 70 percent of Fasadsystem on April 23 2020 and is now acquiring the remaining 30 percent. An agreement was signed on March 21, with the meaning that Soltech increases their investment the façade segment as well as in solar cell facades. Fasadsystem gets an even larger opportunity to broaden their offering in large-scale solar cell facades, in addition to their core business.
– Fasadsystem is a successful family business and a much-appreciated company within the Soltech Group. They are involved in several of our most notable solar energy projects, and we clearly see that solar cell facades are an appreciated segment among our customers. It is therefore with pleasure that we acquire the remaining part of the company, says Stefan Ölander, CEO of Soltech Energy.
Builds Sweden's largest solar cell facade
Fasadsystem is one of Western Sweden's leading companies in the facade industry with over 40 years of experience in various solutions and cutting-edge expertise for the development of modern, functional, and stylish facades.
Since Fasadsystem became part of the Soltech Group, they have also been able to offer large-scale sustainable, aesthetic and technically smart building-integrated solar energy solutions for facades. The company is, among other things, involved in what will be Sweden's largest solar cell façade in Jönköping and Wallenstam's colorful solar cell façade in Mölnlycke Fabriker.
– Now we will get an even better opportunity to develop our high-quality facade products and continue to offer large-scale solar energy solutions to new and existing customers. We thrive in the Soltech Group, and this is a natural step that give us and our staff better new ways to meet at future where solar cell facades are becoming increasingly important for the construction and real estate industry, says Tommie Standerth, CEO of Fasadsystem.
NP Gruppen, a subsidiary in the Soltech Group, has won a solar energy procurement in Malmö. The roofing company will install solar energy installations on 13 properties. The installations are being carried out for MKB Fastighets AB and is expected to be completed during 2022.
Stockholm based NP Gruppen was acquired in 2019 and was Soltech's first roofing company with a history that stretches all the way back to the 60s. Since joining the Soltech Group, they have transformed into a roofing specialist that also offers solar energy solutions. NP Gruppen has completed several solar energy projects in the past year and has its own solar energy business area.
The procurement applies to 13 properties in Malmö that will have roof-placed solar energy systems installed. The properties are owned by MKB Fastighets AB, one of Sweden's largest public housing companies.
The properties that will get the solar energy solutions are apartment buildings and one of the houses is a student residence. It will be NP Gruppens third project in southern Sweden and Marcus Juhlin, solar energy manager at NP Gruppen, is happy about the upcoming solar energy project.
– We are very proud of the confidence and to collaborate with a customer who makes a great sustainability investment. We are more than ready to start the work so that more people in Malmö get their homes powered with the help of solar energy, says Marcus Juhlin, Solar energy manager at NP Gruppen.
Fourth quarter in brief
▪ The Group's revenues in the fourth quarter amounted to SEK 565.8 (163.3) million. An increase of 247%. Of the revenues, SEK 288 million is dependent on the special listing of Advanced Soltech Sweden AB (“ASAB”) as a revaluation result. This did not affect the cash flow. Excluding this effect, total revenue from operations amounted to 277.8.
▪ Revenues in the Swedish operations increased to MSEK 266.6 (56.4), an increase of 373%.
▪ Revenues in the Chinese operations amounted to MSEK 11.2. The operations of Advanced Soltech Sweden AB (“ASAB”) are only consolidated until October 29, 2021, for the remainder of the quarter ASAB is reported according to the equity method. The result for the period October 30 – December 31 amounted to MSEK 1.8 and is reported under the heading, profit from participations in associated companies.
▪ The Group's profit before depreciation (EBITDA) amounted to MSEK 267.3 (14.6). The increase was a result of the special listing of ASAB.
▪ The Group's operating profit (EBIT) developed positively to MSEK 166.3 (-1.2). EBIT has been affected by the special listing of Advanced Soltech, where a non-cash flow-affecting revaluation result of MSEK 288 arose. EBIT is also affected by increased amortization and write-downs of goodwill as a direct result of completed acquisitions and completed restructuring and revaluations of goodwill.
▪ Profit for the period after tax amounted to MSEK 138.2 (-80.4). The result in the fourth quarter was negatively affected by unrealized, non-cash flow-affecting exchange rate differences in the Chinese operations by MSEK -7.7 (-29.2).
▪ Cash flow for the period from operating activities amounted to -31 (-30.5).
▪ The period's cash flow for the Group amounted to MSEK -157.2 (27.2). The cash flow for the period was affected by, among other things, acquisitions of subsidiaries, investments in fixed assets and the special listing of Advanced Soltech.
▪ Earnings per share amounted to SEK 1.55 (-0.71).
▪ No dividend is proposed.
January – December in brief
▪ The Group's revenues for the year amounted to MSEK 1,239.8 (499.4). An increase of 148%. Of the revenues, SEK 288 million is due to the special listing of Advanced Soltech Sweden AB (“ASAB”) as a revaluation result that did not affect cash flow arose on the sale. Excluding this effect, total revenue from operations amounted to 951.8. The Group's organic growth amounted to 29%.
▪ Revenues in the Swedish operations increased to SEK 820.9 (353) million, an increase of 133% compared with the previous year.
▪ Revenues from Advanced Soltech Sweden AB (“ASAB”) amounted to MSEK 130.9 (146.1) and have been consolidated up to and including the special listing on October 29, 2021. After the special listing, for the period October 30 – December 31, ASAB is reported according to the equity method.
▪ The Group's profit before depreciation (EBITDA) amounted to MSEK 317.6 (101.9). An increase of 212%. The increase was a result of the special listing of ASAB.
▪ The Group's operating profit (EBIT) amounted to MSEK 150.7 (42.8). An increase of 252%. EBIT has been affected by the special listing of Advanced Soltech, where a non-cash flow-affecting revaluation result of MSEK 288 has arisen. EBIT is also affected by increased amortization and write-downs of goodwill as a direct result of completed acquisitions and through restructuring and revaluations of goodwill.
▪ Profit for the year after financial posts, currency effects and tax amounted to MSEK 77.6 (-141) . Currency effects of unrealized exchange rate differences in the Chinese operations have affected earnings by MSEK 51 (-42.8).
▪ The year's cash flow from operating activities amounted to -103.7 (-8.7).
▪ The year's cash flow for the Group amounted to MSEK 115.2 (120.6). This year's cash flow has been affected by new issues, acquisitions of subsidiaries, investments in fixed assets and the special listing of Advanced Soltech.
▪ During the year, Covid-19 has affected the Swedish operations through increased transport costs and price increases for, among other things, solar panels. Increased sick leave has led to some delays in the completion of projects.
Significant events during the fourth quarter
▪ Soltech Energy Sweden AB's subsidiary Advanced Soltech Sweden AB (ASAB) was listed on the Nasdaq First North Growth Market on 29 October. In connection with the special listing, a revaluation result arose in the Group. The revaluation result amounted to MSEK 288 based on consolidated values at the time of divestment of the shares in ASAB.
The revaluation result does not affect cash flow and is reported under other income and is specified in Note 1. After the special listing, Soltech's holding amounts to 29.35%, which means that Soltech Energy Sweden AB (publ) no longer has the controlling influence. ASAB is therefore not reported as a subsidiary but as an associated company according to the equity method.
▪ Soltech Energy Sweden AB's subsidiaries Swede Energy and Merasol were merged during the fourth quarter and Soltech Sales & Support was partially integrated, the new company is called Soltech Energy Solutions 1988 AB.
▪ Soltech Energy Sweden AB (publ) acquired 100 percent of the shares in the Neabgruppen with access on October 1, 2021.
▪ Soltech Energy Sweden AB (publ) acquired 100 percent of the shares in ESSA Glas & Aluminium AB (ESSA) with access on December 30, 2021.
▪ Soltech Energy Sweden AB (publ) acquired 70 percent of the shares in Falu Plåtslageri AB (Falu Plåtslageri) and Tak & Bygg in Falun AB (Takab) with access on January 5, 2022.
▪ Soltech Energy Sweden AB (publ) acquired the remaining 40 percent of the shares in the subsidiary Miljö & Energi Ansvar Sverige AB (Measol) with access on December 31, 2021.
▪ The Nomination Committee prior to the Annual General Meeting on 12 May 2022 in Soltech Energy Sweden AB (publ) has been appointed.
Significant events after the reporting period
▪ Soltech's subsidiary ESSA Glas & Aluminium AB has won a tender for the execution of a façade contract with construction starting in the summer of 2022. The assignment is performed for the Stockholm Region, through Locum AB, and has an order value of MSEK 92.
▪ Soltech Energy's subsidiary Soltech Energy Solutions and Falkenklev Logistik are deepening their collaboration. In addition to the 1.5-hectare solar park Soltech will build, both companies, together with Scania, will also build Sweden's largest charging and battery park for trucks. The project is part-financed by the Swedish Environmental Protection Agency. Soltech's order value for the battery park amounts to MSEK 20.
▪ Soltech Energy's subsidiary, Soltech Energy Solutions, will build Sweden's largest solar park connected to only one industry for Åbro Bryggeri in Vimmerby. The solar park will cover an area of 10 hectares and will contribute to Åbro Bryggeri becoming completely self-sufficient in solar. The park is planned to be commissioned during the latter part of 2022.
CEO letter
Another year of strong growth
When we now summarize 2021, it is our third year in a row with strong growth after we began our acquisition strategy in 2019. We reach MSEK 951.8 from operations and deliver 91% growth at Group level, excluding revaluation effects from the special listing of Advanced Soltech of SEK 288 million. The Group's operating profit (EBIT) amounted to MSEK 150.7 (42.8), an increase of 252%.
Right now, we are experiencing very uncertain times globally with concerns about higher interest rates, inflation and even a war in the Ukraine. The severe and uncertain global situation affects us all, including our business. At the same time, it recalls the importance of reducing dependence on fossil energy sources and investing in long-term sustainable energy supplies such as solar energy. There, Soltech is ready to be a strong partner in the green energy transition.
Organic growth of 29%
Soltech is an acquisition-intensive company that delivers strong growth through this strategy. I am also very proud that in 2021 we had an organic growth of as much as 29% in the Group. It proves that we can not only acquire, but also help our existing companies to develop and grow.
The acquisition strategy resulted in ten new companies
Despite a tough year in the shadow of the corona pandemic, with a series of meeting restrictions, we managed to acquire as many as ten companies. We have for some time been looking for good companies in electrical engineering because that competence is crucial when it comes to solar energy. In 2021, we are therefore pleased to have acquired Provektor, Rams El and Neabgruppen.
Companies in four different industries create benefits
The basis for the construction of our group is solar energy companies. But right from the start, we realized the benefits of also owning companies in the roofing / sheet metal, facade and electrical engineering industries. These companies have the crucial expertise needed for a high-quality solar energy installation, and they have a wide range of customers who are happy to buy solar energy from them. In other words, we acquire both expertise and business opportunities and transform these companies into future companies.
The Corona pandemic's impact on Soltech
Unfortunately, the year 2021 was a difficult year in terms of human and business suffering throughout the world. Soltech has suffered from delivery difficulties, higher prices and not least increased sick leave, something that also followed a bit into 2022. Despite these obstacles, our employees have struggled and delivered a really strong year.
Advanced Soltech was listed separately
Soltech's subsidiary Advanced Soltech Sweden AB (ASAB), which conducts our operations in China, was listed on Nasdaq First North on 29 October. We are proud that ASAB now stands on its own two feet with a better opportunity to refinance its loans. Soltech now owns 29.35% of ASAB and in connection with the listing, a profit of MSEK 288 arose in the Group. We maintain an active ownership influence by continuing to remain on the board and I am positive about the company's development and future.
Soltech is strong
I would like to end by saying that Soltech is stronger than ever, and we look forward to continuing to deliver on our strategy and by building long-term values for our owners and at the same time contributing to a green energy transition.
Stefan Ölander
CEO
Sweden's largest solar park connected to one individual industry, Åbro Bryggeri in Vimmerby. The park will be built by Soltech Energy's subsidiary, Soltech Energy Solutions. The solar park will cover an area of 10 hectares and will make Åbro Bryggeri completely energy self-sufficient with solar power. The park is planned to be in full activity during the latter part of 2022.
Soltech Energy Solutions is a nationwide solar energy company in the Soltech Group that helps property owners, industries, and landowners with large-scale solar energy solutions. The company will now build what will be Sweden's largest solar park constructed for one individual actor, Åbro Bryggeri.
Åbro Solpark will be built in proximity of the brewery and will cover an area of approximately 100 000 square meters. The solar power production from the park will be used directly by the brewery and this climate investment will make Åbro completely self-sufficient of energy.
– Åbro Bryggeri is making an extraordinary solar energy investment with a 100 000 square meter solar park that is being built right next to the brewery. It is a well-established family business with impressive sustainability ambitions, and we are very happy to once again have the confidence to help them with large-scale solar energy installations, says Rickard Lantz, Business Development Manager at Soltech Energy Solutions.
An area of over 14 football fields
Since 2018, the brewery has also had a roof-mounted solar energy solution of 3,500 square meters that covered approximately 5 percent of the business's annual energy needs, also built by Soltech.
Now that Åbro Solpark is to be built, the solar energy from both the roof and the solar park will abundantly cover the brewery's energy needs. Åbro Solpark will be 10 hectares in size, which corresponds to just over 14 full-size football fields and will deliver over 8,000,000 kWh to Åbro's operations.
– Sustainability efforts is with us in everything we do at Åbro Bryggeri. Investing in a solar park that enables us to become completely self-sufficient in solar and at the same time further reduce our climate footprint is a natural step for us in that work. We want to thank Soltech for a good collaboration, says Henrik Dunge, CEO of Åbro Bryggeri.
Two of Soltech Energy's subsidiaries, Soltech Energy Solutions and Takorama, will assist the real estate company Castellum with solar energy and roofing. Eight properties in Stockholm, Gothenburg, Malmö and Jönköping will get a solar energy solution on their roofs. Two of the properties will also have their roofs redone to better accommodate the solar panels. The installations and roof restoration will be completed during the first half of 2022.
Soltech has an offensive growth strategy with acquisitions in the solar, roof, facade and electrical engineering industries. The acquired companies will together create synergies and build a strong group with cross-border expertise. Two of the Soltech Group's companies will now jointly help Castellum with additional sustainable solar energy and roofing solutions. One of several projects that proves the acquisition strategy to be successful.
Soltech Energy Solutions will build solar energy solutions on eight of the property company's properties. Prior to the solar energy installations, two of the properties will also have their roofs restored by Takorama.
– We already have a good cooperation with Castellum and it feels great that we have started the solar energy year 2022 together. Soltech has the ambition to be a community builder that drives a sustainable society transformation, and it is therefore a joy to cooperate with a real estate company that invests heavily to be a world leader in that area, says Markus Duseus, Regional Manager at Soltech Energy Solutions.
More than halfway to reach the goal
Since 2020, Castellum has had a goal of building 100 large photovoltaic plants within five years. Already in the autumn of 2021, the company was halfway and facility number 50 became the solar cell facility at City Gross' grocery store in Jönköping, which was also built by Soltech. Now the real estate company keep moving forward with more solar power in sight.
– Large-scale solar energy solutions are the future. It therefore feels very good that we have agreed with Soltech on the new solar energy solutions on our properties in several cities. We see this as one of many important steps to continue to be a real estate company that really makes a difference and takes responsibility in the most important issue of our time, says Max Börling, project manager for Castellum's solar cell investment.
The collaboration between Soltech Energy's subsidiary Soltech Energy Solutions and Falkenklev Logistik is now taken to the next level. In addition to the 1.5-hectare solar park Soltech will build, both companies, together with Scania, will also construct Sweden's largest charging station and battery park for electrical trucks. The project is partly financed by the Swedish Environmental Protection Agency within the initiative Klimatklivet*. Soltech's order value for the whole park amounts to SEK 20 million.
The solar energy company Soltech Energy Solutions helps large landowners, property owners, logistics and transport companies with large-scale solar energy as well as charging and storage solutions. The company is now part in the project to be Sweden's largest charge and battery park for charging heavy vehicles with green power.
The charging station and battery park in Malmö will be built for Falkenklev Logistik, together with Scania and Kempower. The project will be the largest of its kind when it is completed later this year and is one of several stages in Falkenklev's sustainability initiative. An investment that also includes a 1.5-hectare solar park that Soltech will build in Perstorp (Skåne) during 2022, as well as five newly purchased electric trucks from Scania.
– Falkenklev is now completing one more step in their sustainability investment. The sun rays first create green electricity in their new solar park, which is transferred into the local electricity grid and their new electric trucks will then be charged in the new combined fast-charge station and battery park. Falkenklev is really in the driver's seat when it comes to sustainable transports, says Rickard Lantz, Business Development Manager, Soltech Energy Solutions.
The charging station is also available to the public
The park will be able to charge 22 vehicles at the same time but has the potential to handle another 18 charging vehicles in the future. The charging station and battery park will also be open to the public for charging electric cars during the day.
– If we are going to do this, we are going to do it properly. With this solution our new electric trucks will be able to be charged during the night in the new park, that will also be available for public charging during the day. Being able to both contribute to the area's general charging infrastructure and secure the future of our own operations at the same time feels very good, says Victor Falkenklev, CEO of Falkenklev Logistics.
– Scania's electrified trucks contribute to a sustainable transport system, and it is therefore gratifying that we get to contribute with our solutions to a company who thinks sustainability all the way. From renewable self-produced solar energy to its own charging infrastructure. This is a great way to create sustainable transports, says Håkan Roupé, Sales Manager, trucks at Scania.
From the sun's rays to electricity – that's how it works
1. The solar park creates over one million kilowatt hours
The solar electricity that the solar park in Perstorp, Skåne, produces is sold and fed to the local electricity grid. The solar park will be approximately 15,000 sqm in size. With the electricity generated by the solar park, an electric car could drive about 400 000 km.
2.The charging station strengthens the electricity grid and ensures safe charging
The new battery park will be equipped with 2 MW batteries to ensure the capacity of the chargers. With this, the 22 charging stations will be both safe and secure. The park's chargers will also be available to the public during the day, something that contributes to the automotive industry's green transition in southern Sweden.
3.Transports run on future-proof solar
Falkenklev's transports will then be able to carry out their deliveries on green electricity. The logistics and transport company will also be independent of rampant electricity and fuel prices as they will supply over one million kilowatt hours to the local electricity grid as a result of their new solar park.
This project is part-financed by the Swedish Environmental Protection Agency within the initiative Klimatklivet. Here you can read about Klimatklivet: https://www.naturvardsverket.se/bidrag/klimatklivet/
A new building within Danderyd's hospital area will get glass facades by the Soltech subsidiary ESSA Glas & Aluminium AB. After winning the procurement process, ESSA will carry out the façade contract with construction starting during the summer of 2022. The assignment is carried out for Region Stockholm, through Locum AB, and has an order value of SEK 92 million.
The Soltech Group's latest acquisition in the façade industry, ESSA Glas & Aluminium, will now assist Region Stockholm's real estate company Locum with a façade solution. The project means that a new building of approximately 34,000 sqm will have glass facades installed by ESSA.
– We are both proud and very happy to be trusted with this project from Locum and Region Stockholm. This assignment is a feather in the cap for us and great for the whole company. We are more than ready to roll up our sleeves and get started, says Ola Karlsson, CEO of ESSA Glas & Aluminium.
About Locum AB
Locum manages, builds, and develops two million square meters of care properties for its owner, Region Stockholm. Through commitment, innovation, and collaboration, they offer healthcare and residents in Stockholm County attractive and sustainable care environments.
Illustration: Carlstedt arkitekter/CF Møller
Soltech Energy Solutions, a subsidiary to Soltech Energy, will build a 1.5-hectare solar park for the logistics and transport company Falkenklev Logistik AB in Perstorp, Skåne. The solar park will produce over one million kilowatt hours and the investment is made by Falkenklev Logistik as part of their ambition to increase the electrification of the vehicle fleet. By doing so fossil-free self-produced solar power will be ensured for all their transports. The order value is SEK 7.5 million and the park is planned to be installed and ready in the second quarter of 2022.
Soltech Energy Solutions is a nationwide solar energy company that, together with other community builders, helps property owners, industries, and landowners with large-scale solar energy solutions.
The company also helps the transport sector to prepare for the rapid electrification the industry is undergoing. Soltech Energy Solutions will now build a solar park for the logistics and transport company Falkenklev Logistik in Skåne. The solar park will cover an area of one and a half hectares.
– The transport sector aims to reduce its emissions by 70 percent by 2030. To reach this goal more companies need to do as Falkenklev Logistik and invest in their own renewable solar power for their vehicle fleet. It feels great to be able to contribute to the industry's transformation and we are convinced that the transports of tomorrow will be powered by self-produced solar energy, says Rickard Lantz, Business Development Manager at Soltech Energy Solutions.
Solar energy makes the business future-proof
Falkenklev Logistik was founded in 1957 and distributes goods via DHL's terminals in Malmö and Helsingborg throughout Skåne. The company has high environmental goals for its transports and for the business. The CEO of the company, Victor Falkenklev, talks more about how the upcoming solar park in Perstorp will contribute to the company.
– We want to do everything we can to contribute to a sustainable transport industry, which our own solar park will be a clear proof of. The solar park also helps us make our operations future proof, to be able to meet both increased electrification and ensure green electricity for our transports. The fact that we in the near future will make deliveries throughout Skåne with the help of solar energy feels fantastic, says Victor Falkenklev, CEO of Falkenkev Logistik.
The Soltech Group's subsidiary, Soltech Energy Solutions, has previously collaborated with Skanska on several solar energy projects. The solar energy company and the construction group have signed an agreement on four new solar energy facilities to be built on Skanska's properties in 2022 with a total solar cell area of 6,000 sq.m. The installations will be located on both residential buildings as well as logistics- and industrial properties in Stockholm, Malmö and Helsingborg.
Soltech Energy Solutions is a nationwide solar energy company that, together with other community builders, helps property owners, industries, and landowners with large-scale solar energy solutions. The company and the construction group Skanska will now build four new solar energy facilities on Skanska's properties, starting in 2022.
– It feels great to collaborate with Skanska once again, who is in the forefront regarding sustainability work. Together, we will develop and support a society where large-scale solar energy solutions give more and more properties the right tools to produce their own energy. Something that both reduces the load on the overall electricity grid and creates climate-smart businesses and we look forward to completing these solar energy projects together, says André Nylén, Key Account Manager at Soltech Energy Solutions.
Aims for climate neutrality by 2045
The roof-mounted solar energy facilities will be installed on the roofs of both logistics and industrial properties as well as a residential building. In total, the four solar cell installations will cover an area of approximately 6,000 square meters and is one of many steps towards Skanska's goal of becoming completely climate neutral by 2045.
– We clearly see that solar energy and energy efficiency are two important components in our journey towards achieving climate neutrality. For us to succeed with our high goals, it is necessary that we collaborate with partners who also put sustainability first. Therefore, we look forward to continuing developing climate-smart properties that are powered by solar energy together with Soltech in 2022, says Henrik Ahnström, Director of Product, Process & Innovation at Skanska Commercial Development Nordic.
