SolTech Energy has received an order from Holvik Glas AS with installation planned to take place during the 2nd quarter of 2018, making use of the solar cell product SolTech ST, with a worth of approximately 500,000 SEK (51,000 EUR). Holvik Clas is Wicona’s largest producer in Norway. Wicona, precisely as with Sapa Building Systems, is now a trademark within the Hydro concern since Hydro’s acquisition of Sapa in October 2017.

Hydro Building System’s managing director in Norway, Dag Ove Pettersen, comments:

-I am very glad to see that this project has been realized. We presented SolTech ST to the ‘Lord of Construction’ in the spring of 2017, and he immediately expressed his serious interest. I’m quite sure we will be carrying out several projects with SolTech in the near future.

SolTech Energy´s CEO Frederic Telander comments:

-Building a market with a completely new product, such as our fully building-integrated solar cell, generally takes a long time. Consequently, making a breakthrough in Norway, with its similar esthetic interests and stable economy, is important. Hydro and SolTech have the patience and resources necessary to taking a long term perspective. The orders that are now starting to come in are a first sign that our efforts to obtain a breakthrough in the market as a whole are beginning to take effect.

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 21 February 2018, 07:00 CET.

SolTech Energy in brief:
SolTech Energy develops and sells building-integrated solar energy products for all forms of building structures – commercial, public and residential. The products are a part of a building’s outer shell, as a roof, wall or window, containing semi-transparent solar cells for the production of electricity that simultaneously shuts out solar heat. Soltech Energy Sweden AB (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT” with over 14,000 shareholders. Also included in the concern are its jointly owned (51%) subsidiaries ASAB in Sweden and ASRE in China, 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

Release
On January 10, 2018, the Board of Advanced SolTech Sweden AB (publ.), ASAB, released a bond offer directed at the general public specifying a 300 MSEK max-ceiling. The bonds are freely transferable and will be traded, assuming application approval, on the Nasdaq First North Bond Market, with first trading day planned to open on March 15, 2018. Advanza Bank AB is the Financial Adviser in connection with this offer.

ASAB’s business operation is focused on financing the construction of solar energy installations in China, which are owned and periodically serviced by the SolTech concern’s jointly owned Chinese company, Advanced SolTech Renewable Energy Hangzhou Co. Ltd. (ASRE). The goal set for 2018 is to achieve a total installed solar energy capacity of 88 MW (megawatts) on an investment amounting to approximately 677 MSEK (67.7 MEUR). Current backorders amount to circa 20 MW, with an additional 10 MW under construction.
ASRE is jointly owned, as follows: 51% by SolTech Energy Sweden AB, publ., (SolTech), and 49% by Advanced Solar Power Hangzhou Inc. (ASP). SolTech and ASP have thus far – and in proportion to their ownership percentage – invested 190 MSEK (19 MEUR) of their own capital. The money has been invested in solar energy installations that are today owned by ASRE.
ASAB’s income will consist of interest earned on loans made to ASRE, or its wholly owned, local subsidiaries in China. As security for said loaned out funds, ASAB will hold contractual claim to underlying assets, i.e. virtually everything in the solar energy installations, such as income from customer receivable accounts, which are owned by ASRE in China.

CEO Frederic Telander comments:

  • The SolTech concern’s establishment of installations in China will accelerate as a result of this financing, which, in turn, will also work to generate long term, positive cash flow that much quicker, The amount of the bond offer is adjusted to the current backlog of orders and ongoing installations, in combination with the 2018 goal of achieving an 88 MW installed solar energy capacity. The potential is very great and we have, today, an installed and income generating capacity of about 29 MW, as compared with the circa 2 MW capacity we had when we floated our first bond offer in June 2016.

A complete and formally (FI – Swedish Financial Supervisory Authority) approved prospectus, as well as a summary of the Offer, can be down-loaded from ASAB’s homepage: www.soltechenergy.com and also from the FI and Avanza’s homepages as of February 5, 2018: www.fi.se or www.avanza.se Documentation can also be accessed as of the same time point in printed form at the SolTech concern’s office on Mekanikervägen 12, 146 33 Tullinger.

Offer in brief

Subscription period 5 – 20 February 2018
Options and nominal amounts: 5,000 SEK per bond. Lowest amount to subscribe is four (4) bonds (20,000 SEK). Thereafter, in single (1) bond (5,000 SEK) increments
Interest: 8.75% annually
Interest payment due dates: 15 January and 15 July, with the first payment day – 15 July 2018
Issue Date: 1 March 2018
Reimbursement day: 28 February 2023
Preliminary first trading day: 15 March 2018

Bonds carrying a sum total value of 150 MSEK (15 MEUR) are available to the general public within the parameters of the Offer. The maximum amount allowed in the bond offer, however, is 300 MSEK (30 MEUR). The Company intends to allot Bonds in excess of 150 MSEK, in the event of an over-subscription of the Offer. Should the Offer be subscribed to the maximum 300 MSEK, the cost of the new bond issue would amount to approximately 10 MSEK.

For more information, please contact:
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 regulation.596/2014 concerning securities market abuse. Said information is furnished, via the above-cited contact person’s authorization, for publication on 2 February 2018, 14:00 CET.

Advanced SolTech Sweden AB (publ) – ASAB
For the express purpose of financing investment in China, the SolTech concern’s parent company and its partner in China, Advanced Solar Power Hangzhou Inc., have formed ASAB. ASAB’s business operation is centered on financing – by means of making loans to the concern’s subsidiary, ASRE – the creation of solar energy installations in China that are owned and periodically serviced by ASRE or its wholly owned subsidiaries. As security for said loaned out funds, ASAB holds contractual claim to underlying assets (solar energy installations and customer receivable accounts). The company’s Certified Advisor is Mangold Fondkommission AB. Tel: +46 8 5030 1550. For more info, see: www.advancedsoltech.com

SolTech Energy in brief
SolTech Energy develops and sells building-integrated solar energy products for all forms of building structures – commercial, public and residential. The products are a part of a building’s outer shell, as a roof, wall or window, containing semi-transparent solar cells for the production of electricity that simultaneously shuts out solar heat. Soltech Energy Sweden AB (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT” with over 14,000 shareholders. Also included in the concern are its jointly owned (51%) subsidiaries ASAB in Sweden and ASRE in China, 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 owns 51 percent and Advanced Solar Power Hangzhou Inc. (ASP) owns 49 percent. The business model consists of having ASRE finance, install, own, and periodically service 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, along with various forms of subsidies per produced kWh. Focus is now concentrated on building a backlog of orders for 2018 and beyond, with the goal of obtaining an installed capacity of 605 MW (megawatts) by the close of 2021, which in 2022 will be set into full operation, generating current annual sales amounting to approximately 1 billion SEK (100 MEUR).

Release
SolTech Energy’s jointly owned subsidiary, ASRE, in China has signed an order with Shanghi Electric Lingang Heavy Machinery Co. Ltd. (a part of Shanghai Electric Group Co. Ltd.). The order covers the installation of a 2.5 MW (megawatt) solar energy unit, estimated to provide an annual income amounting to approximately 2.9 MSEK (0.3 MEUR). Over the contract’s 20-year term, estimated cumulative income is estimated to mount to approximately 58.5 MSEK (6 MEUR).

The installation is estimated to cover a surface measuring circa 2.5 hectors (25,000 m2) and produce circa 2,500,000 kWh annually. The customer contractually commits to buying all the electricity the installation produces over 20 years. Over this same period, ASRE receives subsidies from the central government based on every kilowatt-hour (kWh) delivered to the customer. Investment in the installation, which continues to be owned by ASRE, amounts to approximately 18.3 MSEK (1.86 MEUR) and it is estimated to be completed during the third quarter of 2018.

CEO Frederic Telander comments:

  • ” Shanghai, with a population of 25 million, is a very interesting market. Moreover, the governmental authorities act quickly to couple installations to the central network when they are fully completed, which, in turn, means a quicker start of new income flows to ASRE. We have established a customer base for some time now in Shanghai, a plus factor that demonstratively also generates more business.

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 1 February 2018, 08:30 CET.

SolTech Energy in brief:
SolTech Energy develops and sells building-integrated solar energy products for all forms of building structures – commercial, public and residential. The products are a part of a building’s outer shell, as a roof, wall or window, containing semi-transparent solar cells for the production of electricity that simultaneously shuts out solar heat. Soltech Energy Sweden AB  (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT” with over 14,000 shareholders. Also included in the concern are its jointly owned (51%) subsidiaries ASAB in Sweden and ASRE in China, 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 owns 51 percent and Advanced Solar Power Hangzhou Inc. (ASP) owns 49 percent. The business model consists of having ASRE finance, install, own, and periodically service 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, along with various forms of subsidies per produced kWh. Focus is now concentrated on building a backlog of orders for 2018 and beyond, with the goal of obtaining an installed capacity of 605 MW (megawatts) by the close of 2021, which in 2022 will be set into full operation, generating current annual sales amounting to approximately 1 billion SEK (100 MEUR).                       

Release
Soltech’s subsidiary, ASRE, has now reached a total of twenty-seven coupled installations, with a cumualtive capacity of 29.08 MW. Calculated on a cumulative, 12-month rolling basis, income from these coupled installations is estimated to amount to approximately 45 MSEK (4.5 MEUR) with a good margin of profit. As ASRE is consolidated in the SolTech concern in accord with the Proportional Method, SolTech’s established share of this income is 51 percent.

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 January 2018, 07:00 CET.

SolTech Energy in brief
SolTech Energy develops and sells building-integrated solar energy products for all forms of building structures – commercial, public and residential. The products are a part of a building’s outer shell, as a roof, wall or window, containing semi-transparent solar cells for the production of electricity that simultaneously shade out solar heat. Soltech Energy Sweden AB  (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT” with over 13,000 shareholders. Also included in the concern are its jointly owned (51%) subsidiaries ASAB in Sweden and ASRE in China, 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 owns 51 percent and Advanced Solar Power Hangzhou Inc. (ASP) owns 49 percent. The business model consists of having ASRE finance, install, own, and periodically service 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, along with various forms of subsidies per produced kWh. Focus is now concentrated on building a backlog of orders for 2018 and beyond, with the goal of obtaining an installed capacity of 605 MW (megawatts) by the close of 2021, which in 2022 will be set into full operation, generating current annual sales amounting to approximately 1 billion SEK (100 MEUR).     

Release
SolTech’s subsidiary, ASRE, has now obtained a total of twenty-six coupled installations, equivalent to a sum total capacity of 26.8 MW (megawatts). Calculated on a cumulative, 12-month rolling basis, income from these coupled installations is estimated to amount to approximately 42.1 MSEK (4.3 MEUR) with a good margin of profit. As ASRE is consolidated in the SolTech concern in accord with the Proportional Method, SolTech’s established share of this income is 51 percent.

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 January 2018, 07:00 CET.

SolTech Energy in brief
SolTech Energy develops and sells building-integrated solar energy products for all forms of building structures – commercial, public and residential. The products are a part of a building’s outer shell, as a roof, wall or window, containing semi-transparent solar cells for the production of electricity that simultaneously shade out solar heat. Soltech Energy Sweden AB  (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT” with over 12,000 shareholders. Also included in the concern are its jointly owned (51%) subsidiaries ASAB in Sweden and ASRE in China, 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 ChinaSolTech’s investment in China is carried out by a jointly owned company, Advanced SolTech Renewable Energy (Hangzhou) Co. Ltd (ASRE), where SolTech owns 51 percent and Advanced Solar Power Hangzhou Inc. (ASP) owns 49 percent. The business model consists of having ASRE finance, install, own, and periodically service 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, along with various forms of subsidies per produced kWh. Focus is now concentrated on building a backlog of orders for 2018 and beyond, with the goal of obtaining an installed capacity of 605 MW (megawatts) by the close of 2021, which in 2022 will be set into full operation, generating current annual sales amounting to approximately 1 billion SEK (100 MEUR).              

Release
The number of coupled installations held by SolTech’s subsidiary, ASRE, now totals 25, equivalent to a total capacity of 25.6 MW (megawatts). Calculated on a cumulative, 12-month rolling basis, income from these coupled installations is estimated to amount to approximately 40.6 MSEK (4.1 MEUR) with a good margin of profit.  As ASRE is consolidated in the SolTech concern in accord with the Proportional Method, SolTech’s established share of this income is 51 percent.

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 9 January 2018, 07:00 CET.

SolTech Energy in brief
SolTech Energy develops and sells building-integrated solar energy products for all forms of building structures – commercial, public and residential. The products are a part of a building’s outer shell, as a roof, wall or window, containing semi-transparent solar cells for the production of electricity that simultaneously shade out solar heat. Soltech Energy Sweden AB  (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT” with over 13,000 shareholders. Also included in the concern are its jointly owned (51%) subsidiaries ASAB in Sweden and ASRE in China, 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 owns 51 percent and Advanced Solar Power Hangzhou Inc. (ASP) owns 49 percent. The business model consists of having ASRE finance, install, own, and periodically service 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, along 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 an installed capacity of 605 MW (megawatts) by the close of 2021, which in 2022 will be set into full operation, generating current annual sales amounting to approximately 1 billion SEK (100 MEUR).                                                     

Release
SolTech Energy today announces that the Company’s new share issue was 147% subscribed. Subscription from the established, in-place guarantee consortium therefore does not have to be taken into consideration. Total subscription, aside from compensation to guarantors, came to 11,344,106 shares, whereof 6,881,298 were subscribed with preferential rights and 4,462,808 without. Prior to the new preferential rights share issue, with the possibility of an over-subscription in mind, the board had called an extraordinary general meeting with the aim of changing the articles of incorporation and making a request for renewed authorization to act on the possibility of floating a separately directed new share issue for a maximum amount of 25 MSEK (2.5 MEUR) according to existing conditions. All told, in the event of such a decision, total proceeds to SolTech would amount to 90 MSEK before deducting new issue expenses.

On 16 November 2017, SolTech Energy’s board of governors, in accord with authorization granted at the general meeting of shareholders on18 May 2017, decided to emit a new issue of Shares with preferential rights for existing shareholders. Intended max volume for the new share issue was 7,713,503 priced at 8.40 SEK per share. Assuming the decision is confirmed at the extraordinary general meeting on 20 December 2017, the board of governors will be able to decide on an Over-subscription up to a maximum of 25 MSEK (2.5 MEUR), equivalent to a maximum of 2,976,190 shares. Above that number is the compensation due guarantors amounting to a total of 875,000 shares. Subscription of shares with and without preferential rights took place from 24 November up to and including 14 December 2017. G & W Fondkommisson (Security brokers) has acted as financial advisor with respect to this new share issue.

As soon as the capital stock increase has been registered with the Swedish Companies Registration Office (Bolagsverket), the paid subscription shares (BTA) in the preferential rights new share issue will be converted to new shares. Until this is done, said shares will be traded with BTA (paid subscription shares) on Nasdaq First North. Regular trade with respect to the new shares is estimated to start on Nasdaq First North on or about 20 January 2017. After registration of this new share issue, including shares issued to guarantors, SolTech’s capital stock will have risen to total 1,972,125.65 SEK divided amongst 39,442,513 shares, each share having an allocated value of 0.05 SEK. Minor adjustments to the above cited total shares and sums may occur in connection with registering them with the Swedish Companies Registration Office.

CEO Frederic Telander comments:

”We are very proud and pleased over the confidence shown to us by both our existing as well as new shareholders. SolTech has now secured the funds necessary for achieving the goals we have set out, namely: To finance strategic acquisitions in Sweden, to meet the investment requirements of contracted solar energy installations in China, as well as to free up funds to strengthen working capital in anticipation of the wide launch of our new product, SolTech ShingEl.”

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 20 December 2017, 07:00 CET.

SolTech Energy in brief
SolTech Energy develops and sells building-integrated solar energy products for all forms of building structures – commercial, public and residential. The products are a part of a building’s outer shell, as a roof, wall or window, containing semi-transparent solar cells for the production of electricity that simultaneously shade out solar heat. Soltech Energy Sweden AB  (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT” with over 12,000 shareholders. Also included in the concern are its jointly owned (51%) subsidiaries ASAB in Sweden and ASRE in China, 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 owns 51 percent and Advanced Solar Power Hangzhou Inc. (ASP) owns 49 percent. The business model consists of having ASRE finance, install, own, and periodically service 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, along with various forms of subsidies per produced kWh. Focus is now concentrated on building a backlog of orders for 2018 and beyond, with the goal of obtaining an installed capacity of 605 MW (megawatts) by the close of 2021, which in 2022 will be set into full operation, generating current annual sales amounting to approximately 1 billion SEK (100 MEUR).           

Release
SolTech’s subsidiary in China, ASRE, has coupled yet another solar energy installation to the electric network, now raising the total of coupled installations to twenty-three, equivalent to 24.47 MW. Calculated on a cumulative 12-month rolling basis, these coupled installations are estimated to generate approximately 39.6 MSEK (3.96 MEUR) annually, with a good margin of profit. ASRE is consolidated into the SolTech concern according to the Proportional Method, and thereby, SolTech’s proportional share of the just-cited estimated annual income is 51 percent.

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 18 December 2017, 07:00 CET.

SolTech Energy in brief
SolTech Energy develops and sells building-integrated solar energy products for all forms of building structures – commercial, public and residential. The products are a part of a building’s outer shell, as a roof, wall or window, containing semi-transparent solar cells for the production of electricity that simultaneously shade out solar heat. Soltech Energy Sweden AB  (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT” with over 12,000 shareholders. Also included in the concern are its jointly owned (51%) subsidiaries ASAB in Sweden and ASRE in China, 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 owns 51 percent and Advanced Solar Power Hangzhou Inc. (ASP) owns 49 percent. The business model consists of having ASRE finance, install, own, and periodically service 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, along 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 an installed capacity of 605 MW (megawatts) by the close of 2021, which in 2022 will be set into full operation, generating current annual sales amounting to approximately 1 billion SEK (100 MEUR).

Release

SolTech Energy has signed a lette of intent with Ekerö Arena, a notable real estate development project classed on the billion-SEK level. This initial contract outlines SolTech’s participation, in cooperation with other parties, in a project undertaken to make Ekerö Arena completely energy self-sufficient with respect to both electricity and heating.

SolTech’s unique building-integrated solar energy products are planned to be used in order to capitalize on their esthetic integration with roofs, facades, windows and balconies. In addition, access to solar cells of various colors can contribute further artistic enhancement

The Ekerö Arena project is led by Ladza Fastigheter AB and will encompass a public swimming pool, 250 residences, an ice rink, a multi-purpose arena for both sports and concerts, surface-heated football fields, an indoor ski track and a skate park. In addition, schools, hotels and restaurants are planned to be located in the area. The project is to be carried out in stages with building expected to start in 2020.

Lazda Fastigheter has recently signed two letters of intent – in part with SolTech, and in part with SENS, Sustainable Energy Solutions. It marks the start of what will be a somewhat unique cooperative effort that addresses local sustainability, climate responsibility, and energy effectivization.

Solar panels that become roofs, facades and windows
With SolTech Energy’s revolutionary concepts in solar cell technology that make possible fully building integrated installations, Ekerö Arena obtains both sunlight and solar protection through roofs, walls and windows – which, at the same time, turn sunlight into electricity.

”All glass surfaces absorb usable solar energy,” observes Stefan Ölander with SolTech Energy. ”Ekerö Arena’s architecture and size clearly contribute to our being able to maximize the total number of panels on the buildings. And now, when the technology of semi-transparent and colored, thin-film solar cells definitively exists, we must realistically anticipate that more people and businesses will utilize their roofs, facades, windows and balconies to generate energy.”
Energy warehouses that save both heat and cold
By making use of bedrock’s intrinsic storage capacity, a natural energy source can be created. This means, for example, that the summer’s heat is warehoused (in the bedrock) and can be accessed when it’s needed – in winter! The reverse process is also self-evident. That is to say, when people have need of ”cold” in the summer, they can access the warehoused lower temperature at the same time they stock the warehouse with heat – In this way, the seasons change place and everyone wins.

“Through our system, we are able to heat up and cool down residences, swimming pool facilities, and schools. We do this with the surplus heat and surplus cold that result when we heat or, respectively, cool for example, ice rinks, indoor ski tracks, swimming pools, offices and artificial playing fields,” explains Jan Egenäs with SENS.

A perfect combination for becoming ”off grid”
The first step toward obtaining a structure or, as in this case, a large building complex, that is entirely self-sufficient with respect to its energy needs has now been made on behalf of Ekerö Arena’s account.

”It feels very satisfying that we have now written our ’letters of intent’,” states Olle Nordberg with Ladza. ”Our goal – which, thanks to our cooperation with SolTech Energy and SENS, is not at all unrealistic – is that we will be able to produce and store all the energy we need. In addition, we thereby create the preconditions necessary to achieving an economically sustainable project by eliminating a large part of the operational overhead. As with all decisions regarding Ekerö Arena, we strive to make smart and farsighted
choices. It is in this way that one builds for the future.”

Stefan Ölander, SolTech Energy Chairman of the Board, comments:
”If the high level of the climate goals cited in the Paris Agreement are to be met, then buildings of the future must be erected making use of the climate-friendly building technology that, in fact, already exists. At SolTech, we are proud over contributing to the effort of making Ekerö Arena ”off grid”. It fits in well with our vision of creating and providing esthetically appealing solutions that work to promote and bring closer the day every building will produce more energy than it consumes.”

Press contacts:

SolTech Energy Sweden AB, Stefan Ölander. Tel no: 070-739 80 00.
stefan.olander@soltechenergy.com, https://www.soltechenergy.com

Ladza Fastigheter AB. Olle Nordberg. Tel no: 070-862 88 00
olle.nordberg@ladza.se, https://www.ladza.se

SENS – Sustainable Energy Solutions AB. Jan Egenäs. Tel no: 070-593 71 38
jan.egenas@sens.se, https://www.sens.se

SolTech Energy in brief
SolTech Energy develops and sells building-integrated solar energy products for all forms of building structures – commercial, public and residential. The products are a part of a building’s outer shell, as a roof, wall or window, containing semi-transparent solar cells for the production of electricity that simultaneously shade out solar heat. Soltech Energy Sweden AB  (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT” with over 12,000 shareholders. Also included in the concern are its jointly owned (51%) subsidiaries ASAB in Sweden and ASRE in China, 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.  

Release
The customer is JiangSu YangHe Brewery Joint-Stock Co Ltd. and the order covers the installation of a solar energy installation estimated to provide an annual income amounting to 15.4 MSEK. The reason for SolTech Energy’s Chinese partner, Avanced Solar Power Hangzhou Inc, (ASP), having first signed this order is that the customer during negotiations, which ASRE fully participated in, had an unequivocal requirement that the supplier must be able to present certified year-end financial statements extending for at least five years. Since ASRE was founded in 2015, this was a requirement the company obviously could not meet.  Therefore, ASP signed the customer order and contracted to sell the installation to ASRE at cost, upon its having been completed and set into operation, which is expected to take place during the third quarter of 2018. Over the contract’s 20-year term, cumulative income is estimated to amount to approximately 308 MSEK.

The installation will cover a roof surface measuring circa 13 hectare (130,000 m2) and produce circa 14,040,000 kWh annually. The customer is contractually committed to buying all the electricity the installation produces over the course of 20 years. Parallel with this income, the central government disburses a proportional subsidy over said 20-year period.  Investment in the installation, which is expected to be completed during the third quarter of 2018, amounts to approximately 96 MSEK (9.6 MEUR). With the inclusion of this installation, ASRE has thus far signed solar energy contracts equivalent to a cumulative total capacity of 52.34 MW, and has thereby met its 50 MW sales goal set for this year. All told, with this signing, ASRE has contracted a sum total installation capacity of 71.8 MW; whereof 22.65 MW are coupled to the central network, with 9.95 MW under construction, and 39.2 MW contracted but not yet begun.

JiangSu YanglHe Brewery is one China’s biggest central producers of strong beer/red wine and is listed on the Shenzhen Stock Exchange with a market value of approximately two billion SEK (200 MEUR). The company is headquartered and has its biggest market directly north of Shanghai in JiangSu Province, containing a resident- population of 80 million.

CEO Frederic Telander comments:

”When ASRE received an 8 MW order from Nanjing Gold Dragon Bus in February, we realized what enormous roofs, and thereby, what extensive business possibilities exist in China. This order with JiangSu YangHe Brewery underlines this direct relation. We are grateful that ASP made it possible for this affair to conclude successfully. The solar cells will come to cover a surface equivalent to the area covered by approximately 18 football fields, and every year they will produce as much electricity as that consumed by circa 1,000 Swedish free-standing houses.”

For more information, please contact: Frederic elander, 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 December 2017, 07:00 CET.

SolTech Energy in brief
SolTech Energy develops and sells building-integrated solar energy products for all forms of building structures – commercial, public and residential. The products are a part of a building’s outer shell, as a roof, wall or window, containing semi-transparent solar cells for the production of electricity that simultaneously shade out solar heat. Soltech Energy Sweden AB  (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT” with over 12,000 shareholders. Also included in the concern are its jointly owned (51%) subsidiaries ASAB in Sweden and ASRE in China, 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 owns 51 percent and Advanced Solar Power Hangzhou Inc. (ASP) owns 49 percent. The business model consists of having ASRE finance, install, own, and periodically service 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, along 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 an installed capacity of 605 MW (megawatts) by the close of 2021, which in 2022 will be set into full operation, generating current annual sales amounting to approximately 1 billion SEK (100 MEUR).      

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