SolTech Energy has received orders for SolTech ShingEl from three new customers, cumulatively mounting to a worth of one million crowns (1,000,000 SEK/103,000 EUR). The cumulative total effect of the three installations is 47.2 KW (47,215 watts).

The following orders have been received:

  • Riksbyggen AB 

    The new tenant-owners association, Entrén, located in Åby Ängar, Vallentuna, has chosen SolTech’s electricity-producing roof material. Total effect: 25,200 watts.

  • Byggnadsmiljö ABSolTech ShingEl modules, equivalent to producing a total electrical effect of 6,919 watts, are to be mounted on a combination office and residence building in Norrköping. The deciding factor for the customer was the product’s esthetic design.
  • Privately owned large apartment building 

    SolTech ShingEl modules have been ordered for a large apartment building, consisting of 14 apartments, in Hägersten. The total effect will be 15,096 watts. The choice of SolTech ShingEl was decided on the basis of the module’s design, function and appearance.

CEO Frederic Telander comments:

  • One of the main reasons many potential customers have refrained from making use of solar energy is the strong impact the installation of traditional solar cells has on the house or building’s appearance.  Considerations, such as cost relative to the product’s lifespan, and the financial benefit over the course of the product’s lifespan, are also vital. Due to SolTech Shingel’s being both an attractive roof panel as well as a highly functional solar cell, when a roof is going to be re-laid, the cost of the roofing material can, in effect, be deducted from the cost of a solar installation. Price-wise, we are therefore well positioned and see a strong, widespread potential for ShingEl in the future.ShingEl is similar in concept to Elon Musk’s solar panels being launched in the USA via Tesla Solar, which is a development that validates our solution.

For more information, please contact: Frederic Telander, CEO SolTech Energy Tel: 08-441 88 46. email: frederic.telander@soltechenergy.com

The information contained in this press release conforms to that which SolTech Energy Sweden AB (publ.) is required to make public according to the EU’s regulation.596/2014 concerning securities market abuse. Said information is furnished, via the above-cited contact person’s authorization, for publication on 16 May 2017, at 07:00 CET.

SolTech Energy AB (publ.) in brief
SolTech Energy is a Swedish solar energy company that specializes in developing and implementing esthetically attractive solutions that enable every building to produce more energy than it consumes. SolTech Energy develops its own products, which are based on research carried out at Kungliga Tekniska Högskolan (KTH- Royal Institute of Technology) and are a part of a building’s outer shell that produce hot water or electricity. Included in the product assortment are unique, customer-tailored semi-transparent thin-film solar cells that, among other retail venues, are now sold via the Company’s exclusive contract with Sapa Building Systems throughout the Nordic and Baltic region. SolTech Energy Sweden AB (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT”. Also included in the concern are its jointly owned (51%) subsidiaries Advanced SolTech Sweden AB (publ.) ASAB, and Advanced SolTech Renewable Energy, Hangzhou Inc. (ASRE), as well as its wholly owned subsidiary Wasa Rör T Mickelsson AB. The company’s Certified Advisor, with respect to its listing on Nasdaq First North, is G&W Fondkommission (securities broker). For more information see: www.soltechenergy.com

Release
SolTech Energy’s subsidiary in China, ASRE, has signed an order with Zhejiang Luhuan Engineering Machinery Co. Ltd. The order covers the installation of a 3 MW (megawatt) solar energy unit estimated to provide annual earnings amounting to approximately 4.56 MSEK (.48 MEUR). Over the contract’s 20-year term, cumulative income is estimated to mount to approximately 91.2 MSEK (9.5 MEUR). With the inclusion of this order, ASRE has booked 21.7 MW of the 50 MW goal set for 2017, which means that 43% of this year’s goal has been fully met.

The installation is estimated to cover a roof surface area measuring circa 3 Hectors (30,000 m2) and generate circa 3,000,000 kWh annually. The customer is contractually committed to buying all the electricity the system produces over 20 years. Investment in the installation, which continues to be owned by ASRE, amounts to approximately 28.74 MSEK (3.0 MEUR), and it is estimated to be completed during the third quarter of 2017.

CEO Frederic Telander comments:

  • ASRE continues to deliver business sales at a steady pace in our home province of Zhejiang. We have now achieved almost half the year-end goal set for 2017, and are comfortably in sync with scheduled intermediate objectives, precisely as planned.

For more information, please contact: Frederic Telander, CEO SolTech Energy: Tel: 08-441 88 46, email; frederic.telander@soltechenergy.com

The information contained in this press release conforms to that which SolTech Energy Sweden AB (publ.) is required to make public according to the EU’s regulation.596/2014 concerning securities market abuse. Said information is furnished, via the above-cited contact person’s authorization, for publication on 11 May 2017, at 07:00 CET.

SolTech Energy AB (publ) in brief
SolTech Energy is a Swedish solar energy company that specializes in developing and implementing esthetically attractive solutions that enable every building to produce more energy than it consumes. SolTech Energy develops its own products, which are based on research carried out at Kungliga Tekniska Högskolan (KTH- Royal Institute of Technology) and function as part of a building’s outer shell that produces electricity and/or hot water. Included in the product assortment are unique, customer-tailored semi-transparent thin-film solar cells that, among other retail venues, are now sold via the Company’s exclusive contract with Sapa Building Systems throughout the Nordic and Baltic region. SolTech Energy Sweden AB (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT”. Included in the concern are its jointly owned (51%) subsidiaries Advanced SolTech Sweden AB (publ.) ASAB, and Advanced SolTech Renewable Energy, Hangzhou Inc. (ASRE), as well as its wholly owned subsidiary Wasa Rör T Mickelsson AB. The company’s Certified Advisor, with respect to its listing on Nasdaq First North, is G&W Fondkommission (securities broker). For more information see: www.soltechenergy.com

Investment in China
SolTech’s investment in China is carried out by a jointly owned company, Advanced SolTech Renewable Energy (Hangzhou) Co. Ltd (ASRE), where SolTech is the majority (51%) owner and Advanced Solar Power Hangzhou Inc. (ASP) the minority (49%) owner. The business model consists of having said jointly owned company, ASRE, responsible for the installation, ownership, and periodic maintenance of solar energy installations mounted on the roofs of customer-owned facilities. The customer does not pay for the installed solar energy unit, but instead undersigns a long-term, 20-25 year contract to buy all the electricity and/or thermal heat the relevant unit produces. ASRE’s current income comes from the sale of electricity to customers, in combination with various forms of subsidies per produced kWh. Focus is now concentrated on building a backlog of orders for 2017 and beyond, with the goal of obtaining by the close of 2021 an installed capacity of 605 MW (megawatts), which in 2022 will be set into full operation, generating current annual sales amounting to approximately 1 billion SEK (105 MEUR).                                                

Release
SolTech Energy’s jointly owned Swedish subsidiary, Advanced SolTech Sweden AB (publ), ASAB, made public, on 10 January 2017, its intent to issue the Green Bonds cited above (more on this is given below). CICERO, which is an internationally recognized, independent analysis and research institute at Oslo University, has given ASAB its highest rating, namely, ”Dark green” in the independent “second opinion” it has provided of the company’s green bond framework

The 2017 year-end goal for SolTech Energy’s jointly owned Chinese company, Advanced SolTech Renewable Energy Hangzhou Co. Ltd. (ASRE), is to finance and install solar energy units on the roofs of customer facilities in China mounting to a sum total capacity of 50 MW (megawatts), which will require an investment of approximately 500 MSEK (50.3 MEUR). ASAB – which is jointly owned by SolTech’s Chinese partner, Advanced Solar Power Hangzhou Inc., and explicitly tasked with responsibility for financing, via loans, the SolTech Group’s investments in China – signed a contract with Danske Bank in January 2017 for the purpose of investigating the possibility of issuing Green Bonds. The specific framework that has been developed to make this possible has come about in cooperation with Danske Bank. The intent here is to finance 2017’s investment in China through the issuance of Green Bonds to Danske Bank’s network of institutional investors and wealthy private individuals, amounting to a total worth of 500 MSEK (50.3 MEUR).

CFO Mats Holmfeldt comments:

“Interest in sustainable, environmentally-oriented investments that meet internationally recognized legal and environmental standards continues to increase strongly in today’s financial markets, both in Sweden and abroad. Moreover, many of today’s large institutional investors have adopted an investment policy that requires an increased percentage of its capital be specifically directed to ”Green investments”. Interest in ”Green Bonds”, for example, is rising sharply, and now that we have been awarded CICERO’s highest rating; a sound base has been created for a successful forthcoming new bond issue. Cooperation with Danske Bank and CICERO’s favorable assessment lend further weight and quality to a bond issue offered to investors with a focus on sustainability.”

For more information, please contact: Mats Holmfeldt, CFO SolTech Energy. Tel: 070 721 70 46, email: mats.holmfedlt@soltechenergy.com

SolTech Energy in brief
SolTech Energy develops and sells solar energy systems based on research carried out at Kungliga Tekniska Högskolan (KTH- Royal Institute of Technology). The system is a part of a building’s outer shell; specifically, roofs and/or walls formed of glass (panels or glass plates) that function as both weather protection and solar radiation collectors for the production of electricity and hot water. Included in the product assortment are unique thin-film solar cells encased in black and/or semi-transparent glass, or as isolation-glass modules, in various sizes and formats that promote integration with a building’s outer shell. SolTech Energy Sweden AB (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT”. Included in the concern are its jointly owned (51%) subsidiaries Advanced SolTech Sweden AB (publ.) ASAB, and Advanced SolTech Renewable Energy, Hangzhou Inc. (ASRE), as well as its wholly owned subsidiary Wasa Rör T Mickelsson AB. The company’s Certified Advisor is G&W Fondkommission (securities broker). For more information see: www.soltechenergy.com

Green Bonds
Green Bonds are subject to the same regulations and standards that apply to the issuer’s other bonds with respect to credit risk, documentation and applicable body of business/financial law. Green bonds, however, are thematic in that capital raised from carrying out new ”green” bond issues is earmarked for environmentally friendly projects as defined in the issuer’s ”Green Bond Framework”.

Via press releases and its website, the issuer openly discloses the specific investments that are conducted with the use of the capital proceeds of such new issues. . This disclosure contains specific information about how the capital was invested: Providing, for example, details – whenever possible – about specific projects, including in certain cases information as to the size of the expected CO2 reduction that will come about as a result of a given project. In practice, green bonds are verified as being “green” by an independent party. SolTech has chosen CICERO in Norway, an independent analysis and research institute at Oslo University, as its external independent verification party.

Investment in China
SolTech’s investment in China is carried out by a jointly owned company, Advanced SolTech Renewable Energy (Hangzhou) Co. Ltd (ASRE), where SolTech is the majority (51%) owner and Advanced Solar Power Hangzhou Inc. (ASP) the minority (49%) owner. The business model consists of having said jointly owned company, ASRE, responsible for the installation, ownership, and periodic maintenance of solar energy installations mounted on the roofs of customer-owned facilities. The customer does not pay for the installed solar energy unit, but instead undersigns a long-term, 20-25 year contract to buy all the electricity and/or thermal heat the relevant unit produces. ASRE’s current income comes from the sale of electricity to customers, in combination with various forms of subsidies per produced kWh. Focus is now concentrated on building a backlog of orders for 2017 and beyond, with the goal of obtaining by the close of 2021 an installed capacity of 605 MW (megawatts), which in 2022 will be set into full operation, generating current annual sales amounting to approximately 1,000 MSEK (105 MEUR).

Release
SolTech’s subsidiary in China, ASRE, has signed an order with Zhejiang Wuhuan Titanium Holding Co. Ltd. The order covers the installation of a 1.3 MW (megawatt) solar energy installation, which is estimated the provide annual earnings amounting to approximately 1.98 MSEK (0.21 MEUR). Over the contract’s 20-year term, cumulative income is estimated to mount to approximately 39.6 MSEK (4.2 MEUR). With the inclusion of this order, ASRE has contracted 18.7 MW of 2017’s 50 MW goal, which means that circa 37% of this year’s goal has been achieved.

The installation is estimated to cover a roof surface measuring circa 1.3 hectors (13,000 M2) and produce circa 1,300,000 kWh annually. The customer is contractually committed to buying all the electricity the installation produces for 20 years. Investment in the installation, which continues to be owned by ASRE, amounts to approximately 12.5 MSEK (1.3 MEUR), and it is expected to be fully installed during the third quarter of 2017.

CEO Frederic Telander comments

  • Yet another order for ASRE in our home Zhejiang Province, which is very heartening. We have now met over one third of the year’s goal for 2017. This confirms that we have an attractive concept and a good product to offer. This, in combination with our sales and installation organization, demonstrably functions very well. The commercial possibilities in China for ASRE continue to look very promising.

For more information, please contact: Frederic Telander, CEO SolTech Energy Tel; 08-441 88 46. Email; frederic.telander@soltechenergy.com

The information contained in this press release conforms to that which SolTech Energy Sweden AB (publ.) is required to make public according to the EU’s regulation.596/2014 concerning securities market abuse. Said information is furnished, via the above-cited contact person’s authorization, for publication on 4 April 2017, at 07:00 CEST

SolTech Energy Sweden AB (publ)
SolTech Energy is a Swedish solar energy company that specializes in developing and implementing esthetically attractive solutions that enable every building to produce more energy than it consumes. SolTech Energy develops its own products, which are based on research carried out at Kungliga Tekniska Högskolan (KTH- Royal Institute of Technology) and function as part of a building’s outer shell that produces electricity and/or hot water. Included in the product assortment are unique, customer-tailored semi-transparent thin-film solar cells that, among other retail venues, are now sold via the Company’s exclusive contract with Sapa Building Systems throughout the Nordic and Baltic region.   SolTech Energy Sweden AB (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT”. Included in the concern are its jointly owned (51%) subsidiaries Advanced SolTech Sweden AB (publ.) ASAB, and Advanced SolTech Renewable Energy, Hangzhou Inc. (ASRE), as well as its wholly owned subsidiary Wasa Rör T Mickelsson AB. The company’s Certified Advisor is G&W Fondkommission (securities broker). For more information see: www.soltechenergy.com

Investment in China
SolTech’s investment in China is carried out by a jointly owned company, Advanced SolTech Renewable Energy (Hangzhou) Co. Ltd (ASRE), where SolTech is the majority (51%) owner and Advanced Solar Power Hangzhou Inc. (ASP) the minority (49%) owner. The business model consists of having said jointly owned company, ASRE, responsible for the installation, ownership, and periodic maintenance of solar energy installations mounted on the roofs of customer-owned facilities. The customer does not pay for the installed solar energy unit, but instead undersigns a long-term, 20-25 year contract to buy all the electricity and/or thermal heat the relevant unit produces. ASRE’s current income comes from the sale of electricity to customers, in combination with various forms of subsidies per produced kWh. Focus is now concentrated on building a backlog of orders for 2017 and beyond, with the goal of obtaining by the close of 2021 an installed capacity of 605 MW (megawatts), which in 2022 will be set into full operation, generating current annual sales amounting to slightly over approximately 1 billion SEK (105 MEUR).                                                      

Release
Advanced SolTech Sweden AB (publ.), ASAB, is hereby publishing a year-end book close communiqué for the company’s first operational year, March – December 2016. ASAB is a subsidiary of SolTech Energy Sweden AB (publ.). SolTech owns 51% of the company and the remaining 49% is owned by SolTech’s Chinese partner Advanced Solar Power Hangzhou Inc. (ASP). The information presented below is therefore included in the figures presented in the press release reporting on SolTech Energy Sweden AB’s year-end book close for 2016, published on 24 February 2017.

ASAB’s role within the SolTech concern is to finance parts of SolTech Energy’s operation in China, which is run by its fellow subsidiary Advanced SolTech Renewable Energy Hangzhou Ltd. (ASRE). By dint of ASAB having been duly created, investors are given the possibility of investing in renewable energy and, at the same time, thereby contributing to the improvement of the climat conditions in China.

Result for the period (Mar-Dec. 2016) and the company’s status

  • The year’s result amounted to -1,7 MSEK (-0.18 MEUR)
  • Net financial status (income/expense) amounted to -1,3 MSEK (-0.14 MEUR)
  • The cash flow amounted to 2,5 MSEK (0.26 MEUR)
  • The balance sheet total amounted to 68 MSEK (7.2 MEUR), of which 4.5 MSEK consists of the company’s own capital.

CEO Frederic Telander comments:

  • Advanced SolTech Sweden AB (publ.) has carried out a vital roll in SolTech’s strong growth during 2016 and continues to apply itself to market investments during 2017. We in the SolTech concern have delivered in excess of our goals in China during the past year. Thus far this year, we have reached 35% (17.4 MW/megawatts) of our 50 MW sales goal for 2017, and ASAB will continue to carry out its vital roll of attracting investment capital to renewable energy. The Chinese market is notably comprehensive and expansive, and it is with great expectation that we continue to invest, and by so doing contribute to the improvement of China’s climate through the replacement of coal with renewable energy.

Read the full report here (swedish): Year-end 2016 – Advanced SolTech Sweden AB (publ)

For more information, please contact: Frederic Telander, CEO Advanced SolTech Sweden AB (publ.) and SolTech Energy Sweden AB (publ.). Tel: 08-441 88 46. Email: frederic.telander@soltechenergy.com

The information contained in this press release conforms to that which SolTech Energy Sweden AB (publ.) is required to make public according to the EU’s market abuse regulation.596/2014, as well as the law (2007:528) concerning the securities market. Said information is furnished, via the above-cited contact person’s authorization, for publication on 28 February 2017, at 07:00 CEST.

Advanced SolTech Sweden AB (publ.) in brief
With the express aim of financing current investment in China, SolTech Energy Sweden AB(publ.) och the Company’s partner i China, Advanced Solar Power Hangzhou Inc., have established ASAB. ASAB:s operational purpose is to provide loans to the parent concern in order to finance solar energy installations in China, which are owned and periodically maintained by its fellow subsidiary, Advanced SolTech Renewable Energy Hangzhou Co. Ltd. (ASRE), or its wholly-owned local subsidiaries. Security for the borrowed funds rests in the underlying assets (solar energy installations and accounts receivable. In May 2016, ASAB offered a new bond issue, which resulted in capital proceeds amounting to approximately 65.5 MSEK.  The bonds are secured by the guarantee of the parent company, SolTech Energy Sweden AB (publ.), and are listed, as of July 2016, on the First North Bond Market, traded under the symbol SOLT1. The company’s Certified Advisor is Mangold Fondkommission AB. For more info, see: www.advancedsoltech.com

SolTech Energy AB (publ.) in brief
SolTech Energy is a Swedish solar energy company that specializes in developing and implementing esthetically attractive solutions that enable every building to produce more energy than it consumes. SolTech Energy develops its own products, which are based on research carried out at Kungliga Tekniska Högskolan (KTH- Royal Institute of Technology) and function as part of a building’s outer shell that produces electricity and/or hot water. Included in the product assortment are unique, customer-tailored semi-transparent thin-film solar cells that, among other retail venues, are now sold via the Company’s exclusive contract with Sapa Building Systems throughout the Nordic and Baltic region.   SolTech Energy Sweden AB (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT”. Included in the concern are its jointly owned (51%) subsidiaries Advanced SolTech Sweden AB (publ.) ASAB, and Advanced SolTech Renewable Energy, Hangzhou Inc. (ASRE), as well as its wholly owned subsidiary Wasa Rör T Mickelsson AB. The company’s Certified Advisor is G&W Fondkommission (securities broker). For more information see: www.soltechenergy.com 

Investment in China
SolTech’s investment in China is carried out by a jointly owned company, Advanced SolTech Renewable Energy (Hangzhou) Co. Ltd (ASRE), where SolTech is the majority (51%) owner and Advanced Solar Power Hangzhou Inc. (ASP) the minority (49%) owner. The business model consists of having said jointly owned company, ASRE, responsible for the installation, ownership, and periodic maintenance of solar energy installations mounted on the roofs of customer-owned facilities. The customer does not pay for the installed solar energy unit, but instead undersigns a long-term, 20-25 year contract to buy all the electricity and/or thermal heat the relevant unit produces. ASRE’s current income comes from the sale of electricity to customers, in combination with various forms of subsidies per produced kWh. Focus is now concentrated on building a backlog of orders for 2017 and beyond, with the goal of obtaining by the close of 2021 an installed capacity of 605 MW (megawatts), which in 2022 will be set into full operation, generating current annual sales amounting to slightly over approximately 1 billion SEK (105 MEUR).

Release
Strong growth and continued market investment

January – December 2016

  • Net sales increased under the period to 49.3 (40.1) MSEK; a 23% increase as compared with the previous year
  • Earnings result after taxes amounted to -15.7 (-13.1) MSEK / -1.65 (-0.14) MEUR
  • The concern’s result after taxes amounted to -18.6 (-13.2) MSEK / -1.96 (-1.39) MEUR
  • Earnings per share amounted to -0.60 (-0.52) SEK / -0.06 (-0.05) MEUR
  • Lump sum write-off of inventory in the Swedish business operation amounted to 2.8 MSEK (0.29 MEUR)
  • Cash flow amounted to approximately 9.8 (25.5) MSEK / 1.03 (2.68) MEUR, including funds provided by a new stock issue in the parent company and issue of bonds.
  • Investment in solar energy installations in the jointly-owned company in China, Advanced Renewable Energy Hangzhou Co. LTD. (ASRE), amounted to approximately 160 MSEK as of year-end closing. The concern’s share mounts to 51 %. Installations producing the equivalent of 16.13 MW have been coupled to the central electric network and are estimated to generate continuous annual earnings for ASRE amounting to approximately 27 MSEK.
  • The Board of Directors recommends that no dividends be paid out for the period.

Second half/2016

  • Net sales amounted to 24 (19.4) MSEK; a 23.7% increase as compared with the same period in the previous year.
  • The period’s result amounted to -9.6 (-7.8) MSEK / -1.01 (-0.82) MEUR
  • Earnings per share amounted to -0.31 (-0.31) Swedish crown/share / -0.03 EUR
  • Cash flow amounted to -33.7 (-16.8) MSEK / -3.5 (-1.77) MEUR

Subsequent to the report period’s release

  • The order backlog for ASRE in China* stands at 17.4 MW (megawatts) solar energy installations, as compared with a backlog in the area of 8.68–10.68 MW reported for the same period the previous year.
  • On the strength of robust sales developments, a new five-year cumulative sales goal (2017-2021) has been set at 605 MW for ASRE in China, as compared with the previous cumulative sales goal (2015-2019) set at 230 MW.
  • These 605 MW are estimated to be fully coupled to the central electric network in the year 2022, generating an annual income amounting to over 1 billion SEK (105 million EUR), as compared to the earlier estimated annual income figure of 400 million SEK (42 million EUR) to be generated in the fiscal year 2020, based on a fully coupled capacity of 230MW.

*Order backlog is defined here as contracted installations that are neither under construction nor set in operation.

CEO comment

Under 2016, our strategy has been to continue investing in our targeted growth areas and thereby lay the groundwork for future earnings. With aim of building a stronger SolTech Energy for the company’s shareholders in 2017, we have chosen to direct significant economic and personnel resources into three main areas, specifically: ASRE in China, our exclusive cooperation agreement with Sapa Building Systems in the Nordic and Baltic regions, as well as the further development of our unique product SolTech ShingEl , which serves as both a roof panel and solar cell that generates electricity.

Our development in China has been very strong during 2016, and thus far this year we have booked orders equivalent to 17.4 MW, which a a good start, especially with thought to the 50 MW duly set for the entire year. As a result these successes, we have – in consultation with our Chinese partner ASP (Advanced solar Power Hangzhou Inc.) raised our sales goal for ASRE and simultaneously extended our five-year goal, 2015-2019, to include the years 2020 and 2021. Taking into account these added years, our updated sales goal now reflects a total sold, electric producing capacity of 605 MW. Fully set into operation, this volume is estimated to generate a continuous annual income of over 1 billion SEK , starting the year 2022, and with a handsome profit margin as well.

Read the full report here (Swedish): Year-end 2016 – SolTech Energy Sweden AB (publ)

For more information, please contact: Frederic Telander, CEO SolTech Energy Tel: 08-441 88 46. email: frederic.telander@soltechenergy.com

The information contained in this press release conforms to that which SolTech Energy Sweden AB (publ.) is required to make public according to the EU’s market abuse regulation.596/2014, as well as the law (2007:528) concerning the securities market. Said information is furnished, via the above-cited contact person’s authorization, for publication on 24 February 2017, at 07:00 CEST

SolTech Energy Sweden AB (publ) in brief
SolTech Energy is a Swedish solar energy company that specializes in developing and implementing esthetically attractive solutions that enable every building to produce more energy than it consumes. SolTech Energy develops its own products, which are based on research carried out at Kungliga Tekniska Högskolan (KTH- Royal Institute of Technology) and function as part of a building’s outer shell that produces electricity and/or hot water. Included in the product assortment are unique, customer-tailored semi-transparent thin-film solar cells that, among other retail venues, are now sold via the Company’s exclusive contract with Sapa Building Systems throughout the Nordic and Baltic region.   SolTech Energy Sweden AB (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT”. Included in the concern are its jointly owned (51%) subsidiaries Advanced SolTech Sweden AB (publ.) ASAB, and Advanced SolTech Renewable Energy, Hangzhou Inc. (ASRE), as well as its wholly owned subsidiary Wasa Rör T Mickelsson AB. The company’s Certified Advisor is G&W Fondkommission (securities broker). For more information see: www.soltechenergy.com

Investment in China
SolTech’s investment in China is carried out by a jointly owned company, Advanced SolTech Renewable Energy (Hangzhou) Co. Ltd (ASRE), where SolTech is the majority (51%) owner and Advanced Solar Power Hangzhou Inc. (ASP) the minority (49%) owner. The business model consists of having said jointly owned company, ASRE, responsible for the installation, ownership, and periodic maintenance of solar energy installations mounted on the roofs of customer-owned facilities. The customer does not pay for the installed solar energy unit, but instead undersigns a long-term, 20-25 year contract to buy all the electricity and/or thermal heat the relevant unit produces. ASRE’s current income comes from the sale of electricity to customers, in combination with various forms of subsidies per produced kWh. Focus is now concentrated on building a backlog of orders for 2017 and beyond, with the goal of obtaining by the close of 2021 an installed capacity of 605 MW (megawatts), which in 2022 will be set into full operation, generating current annual sales amounting to slightly over approximately 1 billion SEK (105 MEUR).

Release
SolTech Energy’s jointly owned subsidiary in China, Advanced SolTech Renewable Energy Hangzhu Co. Ltd. (ASRE), is expanding its sales goal from 230 MW (megawatts) by 2019 to 605 MW by 2021. This would then correspond to an annual sales figure amounting to slightly more than 1 billion SEK (105 MEUR), with 605 MW fully coupled to the central electrical network in 2022.  This, in turn, can be compared to the earlier 2019 annual sales goal of approximately 400 million SEK (40.1 MEUR), with a total capacity of 230 MW fully coupled to the electrical network in 2020. Return on investment is expected to be very good.

Since the listing of SoTech on First North at Nasdaq Stockholm in June 2015, ASRE’s goal has been to possess an installed capacity of 230 MW by the close of 2019. On the strength of ASRE’s strong sales performance during 2016, along with the opening weeks of 2017, SolTech – together with its Chinese partner, Advanced Solar Power Hangshou Inc. (ASP) – decided to make public an updated five-year goal, spanning the period 2017-2021, see below:

                                                         2015                  2016                  2017                  2018                  2019                  2020                  2021                  Total

Goal as of June 2015                      5                       25                       50                       75                       75                          0                         0                  230 MW

Goal as of Feb. 2017                       5                        25                       50                       75                     100                      150                   200                 605 MW

CEO Frederic Telander comments:

“We have proven that we deliver above our goal, and so far this year we have already reached 35% (17.4 MW) of 2017’s goal of 50 MW. The Chinese market is very comprehensive and expansive, which is why we, together with ASP – our Chinese partner, and also the owner of the remaining 49% of ASRE stock – decided to publicise a new five-year goal. It is a fantastic feeling to be able to contribute so substantially to the achievement of China’s environmental goals and, at the same time, deliver a notably fine appreciation of value on the investment in China to our shareholders.”

For more information, please contact: Frederic Telander, CEO SolTech Energy. Tel: 08-441 88 46, Email: frederic.telander@soltechenergy.com

The information contained in this press release conforms to that which SolTech Energy Sweden AB (publ.) is required to make public according to the EU’s market abuse regulation.596/2014. Said information is furnished, via the above-cited contact person’s authorization, for publication on 23 February 2017, at 07:00 CEST

SolTech Energy AB (publ.) in brief
SolTech Energy is a Swedish solar energy company that specializes in developing and implementing esthetically attractive solutions that enable every building to produce more energy than it consumes. SolTech Energy develops its own products, which are based on research carried out at Kungliga Tekniska Högskolan (KTH- Royal Institute of Technology) and function as part of a building’s outer shell that produces electricity and/or hot water. Included in the product assortment are unique, customer-tailored semi-transparent thin-film solar cells that, among other retail venues, are now sold via the Company’s exclusive contract with Sapa Building Systems throughout the Nordic and Baltic region.   SolTech Energy Sweden AB (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT”. Included in the concern are its jointly owned (51%) subsidiaries Advanced SolTech Sweden AB (publ.) ASAB, and Advanced SolTech Renewable Energy, Hangzhou Inc. (ASRE), as well as its wholly owned subsidiary Wasa Rör T Mickelsson AB. The company’s Certified Advisor is G&W Fondkommission (securities broker). For more information see: www.soltechenergy.com

Investment in China
SolTech’s investment in China is carried out by a jointly owned company, Advanced SolTech Renewable Energy (Hangzhou) Co. Ltd (ASRE), where SolTech is the majority (51%) owner and Advanced Solar Power Hangzhou Inc. (ASP) the minority (49%) owner. The business model consists of having said jointly owned company, ASRE, responsible for the installation, ownership, and periodic maintenance of solar energy installations mounted on the roofs of customer-owned facilities. The customer does not pay for the installed solar energy unit, but instead undersigns a long-term, 20-25 year contract to buy all the electricity and/or thermal heat the relevant unit produces. ASRE’s current income comes from the sale of electricity to customers, in combination with various forms of subsidies per produced kWh. Focus is now concentrated on building a backlog of orders for 2017 and beyond, with the goal of obtaining by the close of 2021 an installed capacity of 605 MW (megawatts), which in 2022 will be set into full operation, generating current annual sales amounting to slightly over approximately 1 billion SEK (105 MEUR).

Release
SolTech’s subsidiary in China, ASRE, has signed an order with Nanjing Gold Dragon Bus Co. Ltd. The order covers the installation of an 8 MW (megawatt) solar energy unit, estimated to provide an annual income of approximately 12 MSEK (1.26 MEUR). Over the contract’s 25-year lifespan, cumulative income is estimated to mount to approximately 300 MSEK (31.6 MEUR). With the inclusion of this order, ASRE, as of this writing, has booked orders totaling 17.4 MW toward 2017’s goal of 50 MW.

The installation is estimated to cover a roof surface measuring circa 8 hectors (80,000 m2) and produce 8,000,000 kWh annually. By way of comparison, this installation is three times bigger than Solsiden located outside Varberg, Sweden’s biggest installation to date. The customer is contractually committed to buying all the electricity the installation produces over 25 years. Investment in the installation, which continues to be owned by ASRE, amounts to approximately 78.5 MSEK (8.26 MEUR), and it is estimated to be completed during the third quarter of 2017..

Nanjing Gold Dragon Bus Co. Ltd. is a leading manufacturer of Electric Busses, with an annual volume of bus production exceeding 50,000 examples. Nanjing is the capital of Jiangsu Province, which has a population of 75 million and, in common with ASRE’s home-city, Hangzhou, as well as the city of Shanghai, Nanjing lies along China’s heavily populated east coast. In fact, these three highly industrialized Chinese cites are located only two to three hours from each other by car.

CEO Frederic Telander comments:

  • ”Unquestionably, our biggest order in ASRE to date, and a breakthrough into the rooftop mega-installation segment. It is twice as large as that of our previous biggest customer, and three times larger than Solsiden, Sweden’s biggest installation. With this order, ASRE has, over the start of this year, already secured a third of the sales plan goal determined for the entire year of 2017. We therefore perceive the possibilities for our products and organization in China as continuing to be very good.”

For more information, please contact: Frederic Telander, CEO SolTech Energy Tel: 08-441 88 46. Email: frederic.telander@soltechenergy.com

The information contained in this press release conforms to that which SolTech Energy Sweden AB (publ.) is required to make public according to the EU’s market abuse regulation.596/2014. Said information is furnished, via the above-cited contact person’s authorization, for publication on 1 February 2017, at 07:00 CEST.

SolTech Energy AB (publ.) in breif

SolTech Energy is a Swedish solar energy company that specializes in developing and implementing esthetically attractive solutions that enable every building to produce more energy than it consumes. SolTech Energy develops its own products, which are based on research carried out at Kungliga Tekniska Högskolan (KTH- Royal Institute of Technology) and function as part of a building’s outer shell that produces electricity and/or hot water. Included in the product assortment are unique, customer-tailored semi-transparent thin-film solar cells that, among other retail venues, are now sold via the Company’s exclusive contract with Sapa Building Systems throughout the Nordic and Baltic region.   SolTech Energy Sweden AB (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT”. Included in the concern are its jointly owned (51%) subsidiaries Advanced SolTech Sweden AB (publ.) ASAB, and Advanced SolTech Renewable Energy, Hangzhou Inc. (ASRE), as well as its wholly owned subsidiary Wasa Rör T Mickelsson AB. The company’s Certified Advisor is G&W Fondkommission (securities broker). For more information see: www.soltechenergy.com

Investment in China

SolTech’s investment in China is carried out by a jointly owned company, Advanced SolTech Renewable Energy (Hangzhou) Co. Ltd (ASRE), where SolTech is the majority (51%) owner and Advanced Solar Power Hangzhou Inc. (ASP) the minority (49%) owner. The business model consists of having said jointly owned company, ASRE, responsible for the installation, ownership, and periodic maintenance of solar energy installations mounted on the roofs of customer-owned facilities. The customer does not pay for the installed solar energy unit, but instead undersigns a long-term, 20-25 year contract to buy all the electricity and/or thermal heat the relevant unit produces. ASRE’s current income comes from the sale of electricity to customers, in combination with various forms of subsidies per produced kWh. Focus is now concentrated on building a backlog of orders for 2017 and beyond, with the goal of obtaining by the year 2019 an installed capacity of 230 MW, which in 2020 will be set into full operation, generating current annual sales amounting to approximately 400 MSEK (40.1 MEUR).

Release
SolTech’s subsidiary in China, ASRE, has signed an order with Zhejiang Kanglongda Special Protection Technology Co. Ltd. The order covers the installation of a 2.5 MW (megawatt) solar energy unit estimated to provide 4.16 MSEK  (0.44 MEUR) in annual income. Over the contract’s 25-year lifespan, cumulative income is estimated to mount to approximately 104 MSEK (10.9 MEUR). With the inclusion of this order, ASRE has obtained, to date, 9.4 MW toward 2017’s goal of 50 MW booked orders.

The installation is estimated to cover a roof surface measuring 25,000 m2 and produce circa 2,500,000 kWh annually. The customer, Zhejiang Kanglongda Protection Technology Co. Ltd., is contractually committed to buying all the electricity the system produces over 25 years. Investment in the installation, which continues to be owned by ASRE, amounts to approximately 25 MSEK (2.6 MEUR) and it is expected to be completed during the second quarter of 2017.

CEO Frederic Telander comments:

”With the inclusion of this order, ASRE has already signed, as early as the close of this year’s first month, nearly one fifth of the annual sales total, duly planned and made public, for the entire year of 2017. In short, our business potential in China continues to be realized, and we feel relatively certain that the financing required for our planned investment in China for 2017 will be met through our Advanced SolTech subsidiary’s previously announced cooperation agreement with Danske Bank, relating to the issuance of ”Green Bonds” to the bank’s network of institutional investors and wealthy private individuals.”

For more information, please contact : Frederic Telander, CEO SolTech Energy Tel; 08-441 88 46. Email: frederic.telander@soltechenergy.com

The information contained in this press release conforms to that which SolTech Energy Sweden AB (publ.) is required to make public according to the EU’s market abuse regulation.596/2014. Said information is furnished, via the above-cited contact person’s authorization, for publication on 1 February 2017, at 07:00 CEST.

SolTech Energy in breif
Energy is a Swedish solar energy company that specializes in developing and implementing esthetically attractive solutions that enable every building to produce more energy than it consumes. SolTech Energy develops its own products, which are based on research carried out at Kungliga Tekniska Högskolan (KTH- Royal Institute of Technology) and function as an integrated part of a building’s outer shell, in addition to producing electricity and/or hot water. Included in the product assortment are unique, customer-tailored semi-transparent thin-film solar cells that, among other retail venues, are now sold via the Company’s exclusive contract with Sapa Building Systems throughout the Nordic and Baltic regions.
SolTech Energy Sweden AB (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT”. Included in the concern are its jointly owned (51%) subsidiaries Advanced SolTech Sweden AB (publ.) ASAB, and Advanced SolTech Renewable Energy, Hangzhou Inc. (ASRE), as well as its wholly owned subsidiary Wasa Rör T Mickelsson AB. The company’s Certified Advisor is G&W Fondkommission (securities broker). For more information see: www.soltechenergy.com

Investment in China
SolTech’s investment in China is carried out by a jointly owned company, Advanced SolTech Renewable Energy (Hangzhou) Co. Ltd (ASRE), where SolTech is the majority (51%) owner and Advanced Solar Power Hangzhou Inc. (ASP) the minority (49%) owner. The business model consists of having said jointly owned company, ASRE, responsible for the installation, ownership, and periodic maintenance of solar energy installations mounted on the roofs of customer-owned facilities. The customer does not pay for the installed solar energy unit, but instead undersigns a long-term, 20-25 year contract to buy all the electricity and/or thermal heat the relevant unit produces. ASRE’s current income comes from the sale of electricity to customers, in combination with various forms of subsidies per produced kWh.  With the sales goal of 25 MW having been exceeded, focus is now concentrated on building a backlog of orders for 2017 and beyond, with the goal of obtaining by the year 2019 an installed capacity of approximately 230 MW, which in 2020 will be set into full operation, generating current annual sales amounting to approximately 400 MSEK (40.1 MEUR).

Release
Soltech’s subsidiary ASRE in China has signed its ninth order in the Chinese city of Ningbo.  The customer is Ningbo Hrale Plastic Heat Exchanger Co. Ltd. The order covers the installation of a 1 MW (megawatt) solar energy unit, which is estimated to provide an annual income of approximately 1.71 MSEK (  179 000 EUR). Over the contract’s 20-year lifespan, cumulative income is expected to total approximately 34.2 MSEK ( 3,6 MEUR). Over and above this installation, ASRE has a total installed solar energy capacity of 16.12 MW coupled to the central electrical network generating approximately 27.9 MSEK ( 2,9 MEUR) in annual income. As of this writing, ASRE has 2 MW under construction, and circa 6.9 MW of 2017’s 50 MW goal has been contracted.

The installation is expected to cover a roof surface measuring circa 10,000 m2 and produce circa 1,000,000 kWh annually. For purposes of comparison, 1,000,000 kWh is sufficient to meet the electrical needs of 71 normal Swedish detached houses, which on average consume 14,000 kWh per dwelling. Ningbo Hrale Plastic Heat Exchanger is contractually committed to buying all the electricity the system produces over 20 years. Investment in the installation, which continues to be owned by ASRE, amounts to approximately 9.91 MSEK ( … MEUR), and its construction is estimated to be completed during the second quarter of 2017.

CEO Frederic Telander comments:

  • It is especially pleasing that the customer is located in Ningbo, where our completed installations have previously been quickly coupled to the electrical network. The goal for 2017 is to double ASRE’s sales volume for the year, from 25 to 50 MW.  In this regard, receiving confirmation – so early in the year – that our strong sales performance continues, gives a sense of confidence.  The financing required in order to reach this year’s goal of 50 MW; we intend to meet through our subsidiary Advanced SolTech Sweden AB’s recently publicized cooperation agreement with Danske Bank, in connection with issuing “Green Bonds”.

For more information, please contact: Frederic Telander, CEO SolTech Energy Tel; 08-441 88 46.  Email: frederic.telander@soltechenergy.com

The information contained in this press release conforms to that which SolTech Energy Sweden AB (publ.) is required to make public according to the EU’s market abuse regulation.596/2014. Said information is furnished, via the above-cited contact person’s authorization, for publication on 25 January 2017, at 07:00 CEST.

SolTech Energy in breif
SolTech Energy is a Swedish solar energy company that specializes in developing and implementing esthetically attractive solutions that enable every building to produce more energy than it consumes. SolTech Energy develops its own products, which are based on research carried out at Kungliga Tekniska Högskolan (KTH- Royal Institute of Technology) and function as an integrated part of a building’s outer shell, in addition to producing electricity and/or hot water. Included in the product assortment are unique, customer-tailored semi-transparent thin-film solar cells that, among other advantages, are now sold via the Company’s exclusive contract with Sapa Building Systems throughout the Nordic and Baltic regions.
SolTech Energy Sweden AB (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT”. Included in the concern are its jointly owned (51%) subsidiaries Advanced SolTech Sweden AB (publ.) ASAB, and Advanced SolTech Renewable Energy, Hangzhou Inc. (ASRE), as well as its wholly owned subsidiary Wasa Rör T Mickelsson AB. The company’s Certified Advisor is G&W Fondkommission (securities broker). For more information see: www.soltechenergy.com

Investment in China
SolTech’s investment in China is carried out by a jointly owned company, Advanced SolTech Renewable Energy (Hangzhou) Co. Ltd (ASRE), where SolTech is the majority (51%) owner and Advanced Solar Power Hangzhou Inc. (ASP) the minority (49%) owner. The business model consists of having said jointly owned company, ASRE, responsible for the installation, ownership, and periodic maintenance of solar energy installations mounted on the roofs of customer-owned facilities. The customer does not pay for the installed solar energy unit, but instead undersigns a long-term, 20-25 year contract to buy all the electricity and/or thermal heat the relevant unit produces. ASRE’s current income comes from the sale of electricity to customers, in combination with various forms of subsidies per produced kWh.  With the sales goal of 25 MW having been exceeded, focus is now concentrated on building a backlog of orders for 2017 and beyond, with the goal of obtaining by the year 2019 an installed capacity of approximately 230 MW, which in 2020 will be set into full operation, generating current annual sales amounting to approximately 400 MSEK (40.1 MEUR).

Release