The plant will annually produce approximately 9,731,888 kWh. The customer undertakes to buy all the electricity that the plant produces for 20 years. The investment in the facility, which will continue to be owned by ASRE, amounts to SEK 56.5 million and construction start is planned for Q3, 2019. Just as in the case of the three most recent transactions, ASRE receives no subsidies on delivered electricity for this order, but reaches good profitability anyway.
This deal is part of the exclusive five-year cooperation agreement signed by ASRE with Jiangsu Siyang Administrative Committee of Economic Development Zone in Jiangsu Province on March 27, 2019, on the construction of 500 megawatts (MW) solar capacity (100 MW annually for five years).
CEO Stefan Ölander in a comment:
– We are proud of this roof-based order of 9 Megawatts, which is 63% larger than Sweden’s largest land-based solar park at Säve Airport today. The order once again shows the huge business potential that exists in China.
For more information, please contact: Stefan Ölander, CEO SolTech Energy Sweden AB (publ) Tel: +46 70 739 80 00. Email: stefan.olander@soltechenergy.com
The information in this press release is such that SolTech Energy Sweden AB (publ) must publish in accordance with EU Regulation No. 596/2014 on Market Abuse. The information was submitted through the above contact person’s agency for publication on July 1, 2019 at. 07.10 CET.
About SolTech Energy Sweden AB (publ)
SolTech Energy develops and sells aesthetic and building-integrated solar energy products for all types of real estate – commercial, public and residential. The products are part of a building’s outer shell in the form of a roof or a wall with integrated solar cells for the production of electricity. The Group also conducts operations in China where the business model consists of financing, owning and operating solar power plants on customers’ roofs and selling all the electricity that is produced. The Group also includes the subsidiaries Nyedal Solenergi, the NP Group and Swede Energy, as well as the jointly owned companies ASAB in Sweden and ASRE in China. SolTech Energy Sweden AB (publ) is traded on First North at Nasdaq Stockholm under the short name SOLT and has about 25,000 shareholders. The Company’s Certified Adviser Erik Penser Bank Telephone: +46 8 463 83 00. Email: certifiedadviser@penser.se. More info at: www.soltechenergy.com
In addition to our subsidiaries, the company has dealerships with the following companies:
– Kraftpojkarna and Rexel, the leading wholesalers in Sweden
– Benders, Solkraft Sverige, Soldags, Measol, Panel roof, Partbuilding, Ecocharge and Jämtsol Energi AB
For more information, please contact: Stefan Ölander, CEO SolTech Energy Sweden AB (publ)
Tel: +46 70 739 80 00. Email: stefan.olander@soltechenergy.com
The information in this press release is such that SolTech Energy Sweden AB (publ) must publish in accordance with EU Regulation No. 596/2014 on Market Abuse.
The information was submitted through the above contact person’s agency for publication on June 28, 2019 at. 10.45 CET.
About SolTech Energy Sweden AB (publ)
SolTech Energy develops and sells aesthetic and building-integrated solar energy products for all types of real estate – commercial, public and residential. The products are part of a building’s outer shell in the form of a roof or a wall with integrated solar cells for the production of electricity. The Group also conducts operations in China where the business model consists of financing, owning and operating solar power plants on customers’ roofs and selling all the electricity that is produced. The Group also includes the subsidiaries Nyedal Solenergi, the NP Group and Swede Energy, as well as the jointly owned companies ASAB in Sweden and ASRE in China. SolTech Energy Sweden AB (publ) is traded on First North at Nasdaq Stockholm under the short name SOLT and has about 25,000 shareholders. The Company’s Certified Adviser Erik Penser Bank Telephone: +46 8 463 83 00. Email: certifiedadviser@penser.se. More info at: www.soltechenergy.com
CEO Stefan Ölander in a comment:
– Our subsidiaries do a fantastic job and create energy for the Group and our customers. With our very successful rights issue with 333 percent oversubscription in our back, we now have the resources to continue our acquisition journey.
Some examples of major transactions worth about SEK 34 million in Q2, 2019 for SolTech’s three subsidiaries. All transactions will be delivered in 2019 and are within the respective companies’ budget and current business areas.
NP Group:
Telge Bostäder – roof and window changing with the possibility of solar energy, order value 17.65 MSEK
Lidingö City – four different waterproofing works, order value 2.6 MSEK
Sweden Energy:
HSB Sundsfastigheter – solar power plant for Turning Torsos parking garage in Malmö, order value 2.1 MSEK Kilenkrysset – solar energy plant for Ramirent’s new head office in Stockholm, order value 2.4 MSEK
Willhem AB – solar power plant to Skäggetorp center, order value 2.1 MSEK
Region Örebro County – a unique technical solution where the solar power plant is placed at the top of a parking garage where the roof consists of a pergola in steel construction, order value 3.5 MSEK
Nyedal Solar Energy:
Mölndals Stad – solar power plant at Almåshallen, order value 1.8 MSEK
Swedish Church – solar power plant for Halmstad Cemetery administration, order value SEK 1.3 million
Midroc and PEAB – solar energy plant in Falkenberg, order value 850,000 SEK
For more information, please contact: Stefan Ölander, CEO SolTech Energy Sweden AB (publ)
Tel: 070-739 80 00. Email: stefan.olander@soltechenergy.com
The information in this press release is such that SolTech Energy Sweden AB (publ) must publish in accordance with EU Regulation No. 596/2014 on Market Abuse. The information was submitted through the above contact person’s agency for publication on June 13, 2019, at. 08.30 CET.
About SolTech Energy Sweden AB (publ)
SolTech Energy develops and sells aesthetic and building-integrated solar energy products for all types of real estate – commercial, public and residential. The products are part of a property’s outer shell in the form of a roof or walls with integrated solar cells for the production of electricity. The Group also conducts operations in China where the business model consists of financing, owning and operating solar power plants on customers’ roofs and selling all the electricity that is produced. The Group also includes the subsidiaries Nyedal Solenergi, the NP Group and Swede Energy, as well as the jointly owned companies ASAB in Sweden and ASRE in China. SolTech Energy Sweden AB (publ) is traded on First North at Nasdaq Stockholm under the short name SOLT and has just over 18,000 shareholders.
The Company’s Certified Adviser is Erik Penser Bank AB. Telephone: +46 8 463 83 00. Email: certifiedadviser@penser.se. More info at: www.soltechenergy.com
CEO Stefan Ölander in a comment:
– We are humbly grateful for the very large trust existing and new shareholders showed us in this new issue. Our goal was to reach SEK 100.2 million in issue volume and we received subscriptions corresponding to SEK 321 million. We are now filling the cash register with SEK 100.2 million and thus have the funds we need to continue our successful acquisition strategy.
Number of shares and over-allotment
6,775,816 shares were subscribed with the support of subscription rights, corresponding to approximately 91 percent of the Rights Issue, and 25,329,005 shares were subscribed for without the support of subscription rights, corresponding to approximately 341 percent of the Rights Issue. The rights issue is thus oversubscribed by 333 percent.
In order to allow allocation to those stakeholders who did not receive allotment in the Rights Issue and in order to broaden and strengthen the Company’s ownership base, the Board has decided, on the basis of authorization from the Annual General Meeting on May 28, 2018, to issue an additional 2.6 million shares at a subscription price if SEK 10 per share, corresponding to approximately SEK 26 million, on the terms stated in the prospectus regarding the Rights Issue.
Through the Rights Issue and the Over-allotment Issue, a total of 10,018,222 shares will be issued and the Company will thus receive approximately SEK 100.2 million before issue costs.
Allocation in the Rights Issue
Notification of allotment to the persons who subscribed for shares without the support of subscription rights is expected to be distributed on June 4, 2019 by sending out settlement note. Allocation to the persons who subscribed for shares via the trustee is expected to appear on the account around June 5, 2019. Trustee-registered shareholders receive notification of allocation in accordance with the respective manager’s procedures. Subscribed and allotted shares shall be paid in cash no later than on the settlement date, June 10, 2019, in accordance with the instructions on the settlement note. Only those who receive the allocation will be notified.
Allocation in the Over-allotment Issue
Allocation of shares in the Over-allotment Issue falls to persons who have subscribed for shares in the Rights Issue without obtaining full subscription. The main allocation principle for shares in the Over-allotment Issue is to be allocated pro rata. Only those who receive the allocation will be notified.
Share capital and number of shares
After the registration of the Rights Issue and the Over-allotment Issue with the Swedish Companies Registration Office, the Company’s share capital will increase by SEK 500,911 to a total of SEK 2,726,377. The number of shares in the Company will increase by an additional 10,018,222 shares to a total of 54,529,553 shares.
Advisers and BTA Subscription of shares with and without preferential rights continued during the period 13 – 29 May 2019. Avanza Bank has acted as financial advisor and issuing institution and Nordnet Bank has acted as a selling agent in connection with the issue. As soon as the share capital increase has been registered with the Swedish Companies Registration Office, paid subscribed shares (BTA) in the rights issue will be converted into new shares. Until then, trading with BTA is ongoing on Nasdaq First North. Trading in new shares is expected to commence on Nasdaq First North around June 19, 2019. The persons who have been allocated shares in the targeted Over-allotment Issue will not receive BTA but will instead be allocated shares around June 19, 2019.
For more information, please contact: Stefan Ölander, CEO SolTech Energy Sweden AB (publ)
Tel: 070-739 80 00. Email: stefan.olander@soltechenergy.com
The information in this press release is such that SolTech Energy Sweden AB (publ) must publish in accordance with EU Regulation No. 596/2014 on Market Abuse. The information was submitted through the above contact person’s agency for publication on June 4, 2019 at. 08.00 CET.
About SolTech Energy Sweden AB (publ)
SolTech Energy develops and sells aesthetic and building-integrated solar energy products for all types of real estate – commercial, public and residential. The products are part of a building’s outer shell in the form of a roof or a wall with integrated solar cells for the production of electricity. The Group also conducts operations in China where the business model consists of financing, owning and operating solar power plants on customers’ roofs and selling all the electricity that is produced. The Group also includes the subsidiaries Nyedal Solenergi, the NP Group and Swede Energy, as well as the jointly owned companies ASAB in Sweden and ASRE in China. SolTech Energy Sweden AB (publ) is traded on First North at Nasdaq Stockholm under the short name SOLT and has approximately 18,000 shareholders. The Company’s Certified Adviser Erik Penser Bank Telephone: +46 8 463 83 00. Email: certifiedadviser@penser.se. More info at: www.soltechenergy.com
The plant will annually produce about 6,600,000 kWh. The customer undertakes to buy all the electricity that the plant produces for 20 years. The investment in the facility, which will continue to be owned by ASRE, amounts to SEK 39.24 million and construction start is planned for Q3, 2019.
CEO Stefan Ölander in a comment:
– In order to put this order in the right perspective, I want to highlight that it is larger than Sweden’s largest 5.5 MW solar park at Säve airfield just north of Gothenburg.
For more information, please contact: Stefan Ölander, CEO SolTech Energy Sweden AB (publ)
Tel: 070-739 80 00. Email: stefan.olander@soltechenergy.com
The information in this press release is such that SolTech Energy Sweden AB (publ) must publish in accordance with EU Regulation No. 596/2014 on Market Abuse. The information was submitted through the above contact person’s agency for publication on May 24, 2019 at. 07.10 CET.
About SolTech Energy Sweden AB (publ)
SolTech Energy develops and sells aesthetic and building-integrated solar energy products for all types of real estate – commercial, public and residential. The products are part of a building’s outer shell in the form of a roof or a wall with integrated solar cells for the production of electricity. The Group also conducts operations in China where the business model consists of financing, owning and operating solar power plants on customers’ roofs and selling all the electricity that is produced. The Group also includes the subsidiaries Nyedal Solenergi, the NP Group and Swede Energy, as well as the jointly owned companies ASAB in Sweden and ASRE in China. SolTech Energy Sweden AB (publ) is traded on First North at Nasdaq Stockholm under the short name SOLT and has approximately 18,000 shareholders. The Company’s Certified Adviser Erik Penser Bank Telephone: +46 8 463 83 00. Email: certifiedadviser@penser.se. More info at: www.soltechenergy.com
About the Chinese initiative
SolTech Energy’s investment in China is conducted in partnership with our partner, Advanced Solar Power Hangzhou Inc joint venture, Advanced SolTech Renewable Energy (Hangzhou) Co. Ltd. (ASRE). The business model consists of ASRE financing, installing, owning and running solar energy installations on customers’ roofs. The customer does not pay for the facility, but instead undertakes to buy all electricity produced by each plant during a 20-25 year contract. ASRE’s current income comes from the sale of electricity to the customers and from various forms of grants per kWh produced. Now the focus is on building an order backlog for 2019 and onwards with the goal of year 2021 has an installed capacity of 605 megawatts (MW) that is fully connected to the network 2022
The instillation will annually produce circa 1,500,000 kWh. The customer is contractually committed to buying all the electricity the installation produces over the span of 20 years. Over this same period, ASRE receives subsidies from Chinese authorities based on every kilowatt-hour (kWh) delivered to the customer. Investment in the installation, which continues to be owned by ASRE, amounts to approximately 9 MSEK. Its construction is scheduled to start during the 1st quarter of 2019.
CEO Stefan Ölander comments:
”Sales in China continue to mount as planned. The recently presented cooperation with JOOL Markets is intended to ensure the financing required to meet the sales goal set for the year 2019, thus enabling us to continue building solar energy installations that contribute to the creation of a better climate in China and – at the same time – create value for our shareholders.”
For more information, please contact: Stefan Ölander, CEO SolTech Energy Sweden AB (publ).
Tel: 070-739 80 00, email: stefan.olander@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 17 December 2018, 08:00 CET.
SolTech Energy in brief
SolTech Energy develops and sells esthetic, building-integrated solar energy products for all forms of building structures – commercial, public and residential. The products are part of a building’s outer shell, as a roof or wall, with integrated solar cells for the production of electricity. The concern also operates in China, where the business model consists of financing, owning and servicing solar energy installations on the roofs of customer owned facilities, and of selling all the electricity these installations produce. Soltech Energy Sweden AB (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT” and has over 15,000 shareholders. Also included in the concern are its jointly owned (51% ) subsidiaries ASAB in Sweden and ASRE in China. The company’s Certified Advisor is Erik Penser Bank. For more information see: www.soltechenergy.com
Investment in China
SolTech’s investment in China is carried out by Advanced SolTech Renewable Energy (Hangzhou) Co. Ltd (ASRE), which is jointly owned by our partner, Advanced Solar Power Hangzhou Inc. (ASP). 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 the relevant unit produces. ASRE’s current income comes from the sale of electricity to customers, along with various forms of subsidies based on kWh production. Focus is now concentrated on building a backlog of orders for 2019 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 (ca. 100 MEUR).
ASAB’s green bond framework, with volume amounting to 170–240 MSEK. This issue is the first in a bond-issue framework of up to 1,500 MSEK. The bonds are intended to be listed on First North Sustainable Bond Market, with the net proceeds allocated to financing the acquisition of an existing 24 MW solar energy portfolio, consisting of 17 separate solar energy installations. Application of the remaining portion of the bond-issue framework is intended for financing achievement of the growth goal in China set for 2019.
ASAB’s business operation consists of financing solar energy installations in China, which are installed, owned and periodically serviced by the SolTech concern’s subsidiary, Advanced SolTech Renewable Energy Hangzhou Co. Ltd. ”ASRE”.
On a rolling 12-month basis, ASRE’s existing solar energy portfolio – containing a total capacity of circa 60 MW- is expected to generate approximately 70 MSEK in annual income. Following the above-cited bond issue and completed portfolio acquisition, ASRE’s total portfolio is expected to generate approximately 119 MSEK in annual income. For further information, please see the investor presentation at: https://www.soltechenergy.com/sv/investerare/advanced-soltech-sweden-ab-publ/
The organizer of this transaction is JOOL Markets
For more information, please contact: Frederic Telander, CEO Advanced SolTech Sweden AB (publ.). Tel: 070-525 16 03, 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 10 December 2018, 08:00 CET.
Advanced SolTech Sweden AB (publ) – ASAB
With the goal of providing current financing for investment in China, the parent SolTech concern and its partner in China, Advanced Solar Power Hangzhou Inc., have created ASAB. The mission of ASAB’s business operation is to finance, by means of making loans to concern companies, solar energy installations in China that are owned and periodically serviced by ASRE or its wholly owned local subsidiaries. Security for the loaned-out funds consists of the underlying assets (solar energy installations and customer receivables). The Company’s Certified Advisor Mangold Fondkommission AB ,telephone no. +46 8 5030 1550.For more info see: www.advancedsoltech.com
SolTech Energy in brief
SolTech Energy develops and sells esthetic, building-integrated solar energy products for all forms of building structures – commercial, public and residential. The products are part of a building’s outer shell, as a roof or wall, with integrated solar cells for the production of electricity. The concern also operates in China, where the business model consists of financing, owning and servicing solar energy installations on the roofs of customer owned facilities, and of selling all the electricity these installations produce. Soltech Energy Sweden AB (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT” and has over 15,000 shareholders. Also included in the concern are its jointly owned (51% ) subsidiaries ASAB in Sweden and ASRE in China. The company’s Certified Advisor is Erik Penser Bank. For more information see: www.soltechenergy.com
Investment in China
SolTech’s investment in China is carried out by Advanced SolTech Renewable Energy (Hangzhou) Co. Ltd (ASRE), which is jointly owned by our partner, Advanced Solar Power Hangzhou Inc. (ASP). 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 the relevant unit produces. ASRE’s current income comes from the sale of electricity to customers, along with various forms of subsidies based on kWh production. Focus is now concentrated on building a backlog of orders for 2019 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 (ca. 100 MEUR).
circa 1,050,000 kWh. The customer is contractually committed to buying all the electricity the instillation produces over the span of 20 years. Over this same period, ASRE receives subsidies from Chinese authorities based on every kilowatt-hour (kWh) delivered to the customer. Investment in the installation, which continues to be owned by ASRE, amounts to approximately 5.9 MSEK. Plans call for the start of the instillation’s construction to take place during the 1st quarter of 2019.
CEO Stefan Ölander comments:
”We see a continuation of good possibilities for further expansion in China – and there is no sign of a prevailing shortage of sales possibilities – quite the contrary, we are holding back in order to match sales against financing. Focus now rests on ensuring the financing necessary to meet the goal set for 2019, and we are examining the possibility of issuing, via our subsidiary ASAB, bonds directed toward a more professional investor faction on the Nordic Bond Market.”
For more information, please contact: Stefan Ölander, CEO SolTech Energy Sweden AB (publ.).
Tel: 070-739 80 00, email: stefan.olander@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 6 December 2018, 07:00 CET.
SolTech Energy in brief
SolTech Energy develops and sells esthetic, building-integrated solar energy products for all forms of building structures – commercial, public and residential. The products are part of a building’s outer shell, as a roof or wall, with integrated solar cells for the production of electricity. The concern also operates in China, where the business model consists of financing, owning and servicing solar energy installations on the roofs of customer owned facilities, and of selling all the electricity these installations produce. Soltech Energy Sweden AB (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT” and has over 15,000 shareholders. Also included in the concern are its jointly owned (51%) subsidiaries ASAB in Sweden and ASRE in China. The company’s Certified Advisor is Erik Penser Bank. For more information see: www.soltechenergy.com
Investment in China
SolTech’s investment in China is carried out by Advanced SolTech Renewable Energy (Hangzhou) Co. Ltd (ASRE), which is jointly owned by our partner, Advanced Solar Power Hangzhou Inc. (ASP). 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 the relevant unit produces. ASRE’s current income comes from the sale of electricity to customers, along with various forms of subsidies based on kWh production. Focus is now concentrated on building a backlog of orders for 2019 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 (ca. 100 MEUR).
The installation will annually produce circa 1,500,000 kWh. The customer is contractually committed to buying all the electricity the installation produces over the span of 20 years. Over this same period, ASRE receives subsidies from Chinese authorities based on every kilowatt-hour (kWh) delivered to the customer. Investment in the installation, which continues to be owned by ASRE, amounts to approximately 8.7 MSEK. Its construction is expected to begin during the first quarter of 2019.
CEO Stefan Ölander comments:
”We continue to sign long-term contracts with new customers in our home province of Zhejiang, population 55 million – so the opportunities for doing business here have been, and remain, good. The subscription economy we are building here, which can briefly be summarized as a succession of long-term sales that provides 20 years of annual income, is very valuable for our shareholders.”
For more information, please contact: Stefan Ölander, CEO SolTech Energy Sweden AB (publ.).
Tel: 070-739 80 00, email: stefan.olander@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 December 2018, 08:00 CET.
SolTech Energy in brief
SolTech Energy develops and sells esthetic, building-integrated solar energy products for all forms of building structures – commercial, public and residential. The products are part of a building’s outer shell, as a roof or wall, with integrated solar cells for the production of electricity. The concern also operates in China, where the business model consists of financing, owning and servicing solar energy installations on the roofs of customer owned facilities, and of selling all the electricity these installations produce. Soltech Energy Sweden AB (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT” and has over 15,000 shareholders. Also included in the concern are its jointly owned (51%) subsidiaries ASAB in Sweden and ASRE in China. The company’s Certified Advisor is Erik Penser Bank. For more information see: www.soltechenergy.com
Investment in China
SolTech’s investment in China is carried out by Advanced SolTech Renewable Energy (Hangzhou) Co. Ltd (ASRE), which is jointly owned by our partner, Advanced Solar Power Hangzhou Inc. (ASP). 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 the relevant unit produces. ASRE’s current income comes from the sale of electricity to customers, along with various forms of subsidies based on kWh production. Focus is now concentrated on building a backlog of orders for 2019 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 (ca. 100 MEUR).
ASAB has previously issued four bonds, primarily directed toward private individuals and all are listed. SOLT1 is listed on the First North Bond Market, and SOLT2-4 on First North Sustainable Retail Bonds. Solt2-4 are green bonds and have, in fact, been classified as “Dark Green” by the independent institute Cicero, which certifies that all funds are invested in environmentally friendly projects.
ASAB’s business operation consists of financing the construction of solar energy instillations in China, which are installed, owned and periodically serviced by the SolTech concern’s jointly owned Chinese subsidiary, Advanced SolTech Renewable Energy Hangzhou Co. Ltd. (ASRE) ASRE has a comprehensive order back log that steadily increases. Consequently, the need of capital to meet this growth is strong. For this reason, ASAB is now examining the possibility of issuing bonds directed toward a more professional investment faction on the Nordic bond market. With this goal in mind, ASAB has authorized JOOL Markets as Financial Advisor with regard to evaluating the possibility of issuing a secured senior bond.
For more information, please contact: Frederic Telander, CEO Advanced SolTech Sweden AB (publ). Tel: 070-525 16 03, 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 December 2018, 07:00 CET.
Advanced SolTech Sweden AB (publ) – ASAB
With the goal of providing current financing for investment in China, the parent SolTech concern and its partner in China, Advanced Solar Power Hangzhou Inc., have created ASAB. The mission of ASAB’s business operation is to finance, by means of making loans to the parent concern, solar energy installations in China that are owned and periodically serviced by ASRE or its wholly owned local subsidiaries. Security for the loaned-out funds consists of the underlying assets (solar energy installations and customer receivables). The Company’s Certified Advisor Mangold Fondkommission AB ,telephone no. +46 8 5030 1550.For more info see: www.advancedsoltech.com
SolTech Energy in brief
SolTech Energy develops and sells esthetic, building-integrated solar energy products for all forms of building structures – commercial, public and residential. The products are part of a building’s outer shell, as a roof or wall, with integrated solar cells for the production of electricity. The concern also operates in China, where the business model consists of financing, owning and servicing solar energy installations on the roofs of customer owned facilities, and of selling all the electricity these installations produce. Soltech Energy Sweden AB (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT” and has over 15,000 shareholders. Also included in the concern are its jointly owned (51%) subsidiaries ASAB in Sweden and ASRE in China. The company’s Certified Advisor is Erik Penser Bank. For more information see: www.soltechenergy.com
Investment in China
SolTech’s investment in China is carried out by Advanced SolTech Renewable Energy (Hangzhou) Co. Ltd (ASRE), which is jointly owned by our partner, Advanced Solar Power Hangzhou Inc. (ASP). 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 the relevant unit produces. ASRE’s current income comes from the sale of electricity to customers, along with various forms of subsidies based on kWh production. Focus is now concentrated on building a backlog of orders for 2019 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 (ca. 100 MEUR).