Recently, there have been reports that companies with wind turbines need to pay increased balancing power fees when it is too windy. This is due to new regulations from Svenska kraftnät, the authority with system responsibility for the Swedish electricity grid and responsible for maintaining the balance between electricity production and consumption. Problems arise when the actual production does not correspond to the forecasted one, an imbalance arises in the electricity grid that needs to be corrected with the help of the balancing power market. This correction entails new fees that may lead to wind turbines being shut down in the long run due to unprofitability. However, there is a solution to the problem.

During the spring, Soltech’s subsidiary Soltech Energy Solutions installed large-scale battery storage facilities connected to wind turbines. A solution that makes it possible to maintain the right balance and deliver electricity according to the set forecast regardless of how much the plant produces. This means that there is no imbalance in the electricity grid in the event of too high production, which means that the new charges can be avoided. The battery then acts as a buffer capacity for the production plant. The batteries can also contribute to frequency regulation by reacting to changes in the grid’s frequency within milliseconds, and subsequently helping to keep the grid stable. They also contribute with local flexibility, power cutting at peaks and support services. In the long term, batteries in connection with wind turbines can grow into a billion-kronor market for players in the industry, as a large part of the nearly 1,000 wind turbines that have been erected in recent years have not yet been supplemented with balancing batteries.

– We have followed the development of wind turbines being shut down with concern, as it is understandable that imbalance power charges need to be avoided. However, we would like to draw attention to the fact that battery storage with smart control offers the solution to the problem. We have already installed several large-scale battery solutions next to wind turbines and also next to large-scale solar parks. Batteries are therefore a concrete solution to how wind turbines can continue to produce renewable electricity without risking creating an imbalance in the electricity grid and being hit by fees that make the calculation unsustainable, says Patrik Hahne, CEO of Soltech Energy.

The industry association sees a growing need for batteries
The growing need for large-scale batteries is also confirmed by the newly formed industry association Green Power Sweden, which brings together players in wind power, large-scale solar parks and energy storage.

– From the industry’s side, we see an increased need for stabilizing solutions such as large-scale batteries. For us, it is important to emphasize having a system perspective when looking at renewable energy solutions, and therefore energy storage such as batteries is becoming an increasingly important piece of the puzzle. That is also why Green Power Sweden was formed, to be able to promote an energy system with several renewable power types in combination with other technical solutions, says Lars Andersson, responsible for energy systems and storage at Green Power Sweden.

Fasadsystem is an industry leader in glass and aluminium façades as well as building-integrated solar facades, where solar panels replace and complement the classic façade material. The company has been part of the Soltech Group since 2020 and has over the years designed and installed solar facades on several larger properties, such as commercial properties and apartment buildings. Now the company has installed another solar façade. This time for the car rental company Sixt in Staffanstorp.

The integrated solar panels cover approximately 450 sqm in area and are complemented by a 407 sqm glass façade, which together create an aesthetically pleasing façade. The installation is an example of how properties can utilize otherwise unused space and become active energy producers. The solar panels are expected to generate about 30,000 kWh of renewable electricity annually.

– This installation shows how solar can be seamlessly integrated into the facades of buildings. By creating an energy source of the façade, we are taking advantage of areas that would otherwise not contribute to renewable energy production, and it feels extra great that this is now the county’s largest solar façade. We see a growing interest in this type of solution as more and more property owners are starting to open their eyes to the benefits of building integrated solar façades, says Krister Landén, Business Manager Region South at Fasadsystem.

Solar electricity for the property and electric cars
The property owner Sixt is pleased with the installation, which is now starting to produce electricity for the business and not least for the charging of their electric cars. The investment is therefore important from a cost perspective but above all part of the long-term sustainability work.

– We are proud of the investment in a renewable energy solution that is also aesthetically pleasing. The solar façade symbolizes the approach in our sustainability efforts as it will not only be a boost for the property but also contribute to lower energy costs and produce green electricity for our electric cars. Promoting sustainability from several perspectives and also contributing to a more sustainable society have been the driving forces for us in this investment, says André Sjöblom, Regional Manager at Sixt.

Adoption of the income statement and the balance sheet

The AGM resolved to adopt the income statement and the balance sheet in Soltech and the consolidated income statement and the consolidated balance sheet.

Allocation of profit

The AGM resolved that no dividend would be paid to the shareholders and that the year result would be carried forward.

Discharge from liability

The board of directors and the managing director were discharged from liability for the financial year 2024.

Election of remuneration, the board of directors, auditor and chairman to the board

In accordance with the nomination committee’s proposal, the AGM resolved that the remuneration to the board of directors is to be SEK 1,500,000 in total, excluding remuneration for committee work, and shall be paid to the board of directors in the following amounts:

• SEK 300,000 for each of the directors and SEK 600,000 to the chairman (same as previous year).

It was further resolved that the remuneration for committee work shall be paid in the following amounts:

• SEK 40,000 for each of the members and SEK 60,000 to the chairman of the audit committee (same as previous year); and
• If the board establishes other committees, the fee for each member shall be SEK 40,000 and the fee for the chairman of the committee shall be SEK 60,000 (same as previous year).

It was further resolved that the auditor shall be entitled to a fee in accordance with approved invoice.

In accordance with the nomination committee’s proposal, the AGM resolved that the board of directors shall comprise of four directors. The AGM resolved that the number of auditors shall be one registered audit firm.

In accordance with the nomination committee’s proposal, Stefan Ölander, Ivana Stankovic, Ove Anebygd and Bernt Ingman were re-elected as directors of the board.

Stefan Ölander was re-elected as chairman of the board.

Öhrlings PricewaterhouseCoopers AB was elected as the Company auditor in accordance with the audit committee’s proposal. Öhrlings PricewaterhouseCoopers AB has announced that Claes Sjödin will continue to act as main responsible auditor.

Amendment of the articles of association

The AGM resolved, in accordance with the board of directors’ proposal, that the limits for the number of shares and share capital in the articles of association are changed from a minimum of 80,000,000 shares and a maximum of 200,000,000 shares, to a minimum of 80,000,000 shares and a maximum of 320,000,000 shares, and that the Company’s share capital be changed from a minimum of SEK 4,000,000 and a maximum of SEK 10,000,000 to a minimum of SEK 4,000,000 and a maximum of SEK 16,000,000.

Authorization for the board to issue shares, warrants and/or convertibles

The AGM resolved, in accordance with the board of directors’ proposal, to authorize the board of directors during the period up until the next annual general meeting to, on one or more occasions, resolve to issue shares, warrants or convertibles with the right to subscribe for and convert for shares, respectively, with or without preferential rights for the shareholders, within the limits of the articles of association, to be paid in cash, in kind and/or by way of set-off.

CEO comment:

The first quarter of 2025 was characterised by a market that remained difficult to navigate and by customary seasonally lower activity with a lower proportion of projects. We continue to see that the long-term need for solar energy solutions and energy storage remains, while our breadth creates competitive total offerings and stability in a challenging market.

The lower activity in the quarter affected the Group’s net sales, profit and cash flow in the period. Work on cost adjustments and profitability enhancement measures continues and overall we have a positive effect of these measures, which led to an improvement in underlying profitability in the quarter.

In the quarter, we saw an increased inflow of inquiries in roofing, electrical engineering and façades, mainly from larger property companies. According to external forecasts, the construction sector has passed its weakest period, and together with the interest rate cuts in the latter part of 2024, this will contribute to create better conditions, especially in construction and contracting, when the construction economy turns.

We maintain our focus on what we can actually influence, and the work we are doing now contributes to build a stronger Group to take advantage of new business opportunities when the economy turns. During the quarter, we continued to make organizational adjustments according to plan, while maintaining a focus on improved profitability and cost savings.

Soltech’s diversified operations create a strong platform for seizing new business opportunities. We are a long-term full-service supplier in all our business areas and an enabler in the energy transition.

Patrik Hahne, CEO

Read the CEO’s comment in its entirety in the quarterly report.

Quarter 1: January 1 – March 31, 2025

• Net sales amounted to SEK 446.2 (513.1) million
• The Group’s organic growth amounted to -13% (-26)
• EBITDA amounted to SEK -10.4 (-0.5) million. EBITDA margin amounted to -2.3% (-0.1)
• EBITA amounted to SEK -26.3 (-15.1) million. EBITA margin amounted to -5.9% (-2.9)
• EBITA was impacted by revaluation effects of SEK 5.3 (36.7) million
• Excluding revaluations, EBITA amounted to SEK -31.6 (-51.8) million
• Profit after tax for the period amounted to SEK -47.8 (-32.2) million
• Cash flow from operating activities amounted to SEK -75.6 (40.0) million. Cash flow for the period amounted to SEK -111.7 (45.4) million
• Earnings per share before and after dilution amounted to SEK -0.36 (-0.24)

Significant events during the quarter

• Collaboration with the real estate company Atrium Ljungberg regarding façade contracting, solar energy and battery services in the development of a property in the Slakthusområdet area in southern Stockholm. The total order value amounts to approximately SEK 19 million
• In Spain, Soltech commissions the Balearic Islands’ largest floating solar cell plant. The solar panels are installed on top of a rainwater collection pond used for irrigation. The installed capacity is approximately 1.5 MWp and the solar panels cover an area of just over 9,000 sqm
• Soltech, together with the energy company Kvänum Energi, has installed and commissioned three battery installations totalling 3 MWh in connection with wind turbines. The order value amounts to approximately SEK 19 million
  

Significant events after the quarter

• The Annual General Meeting will be held on May 22, 2025

The quarterly report and other financial reports are available at: https://soltechenergy.com/investerare/finansiella-rapporter-kalender/

– Looking back at the 2024 financial year, we see how our diversified business base in our four business areas roofing, solar, electrical engineering and facade has continued to contribute to creating competitive overall solutions and stability in a market that is difficult to navigate. We also see that the long-term need for solar energy and energy storage solutions remains, while upcoming regulatory requirements for solar, societal electrification and the energy transition are expected to have a positive impact on the solar energy industry, says Patrik Hahne, CEO of Soltech Energy.

The Soltech Group has approximately 900 employees, active in Sweden, the Netherlands and Spain divided into 20 operating companies.

For a complete report of the 2024 accounts, please refer to the attached annual report including the auditor’s report.

The Annual Report in its entirety, including the auditor’s report, is also available to read and download from Soltech Energy Sweden AB’s website: https://soltechenergy.com/en/investors

Anyone who wishes to order a printed annual report is welcome to do so via Info@soltechenergy.com

(The annual report will be published in English shortly)

Takbyrån was founded in 2014 and specializes in roofing and solar energy services for private individuals and companies. In 2021, the company became part of the Soltech Group and has in recent years transformed to become a solar roof company, in line with Soltech’s transformation strategy.

In addition to the transformation, the company has continued to strengthen and develop its core business in all types of roofing contracts for commercial and industrial properties. Now the company will start a new project in Gothenburg, where the new station building Göteborg Grand Central is currently being built. In the development of the property, there is a strong focus on sustainability and a clear ambition to keep the climate footprint low throughout. When a garden is to be developed on top of the roof, it places special demands on the roof contract in the form of services in water testing, sealing and leak detection of the new roof.

–Takbyrån is very proud to be able to contribute to the development of Göteborg Grand Central, which will be a meeting point and hub in central Gothenburg. This assignment places demands on high-quality roofing contracting, not least considering the greenery that will be established on top of the roof. We are ready to roll up our sleeves and get started and thank Peab for the trust, says Andreas Nordström, CEO of Takbyrån.

Photo: Reiulf Ramstad Arkitekter

Right to attend the annual general meeting and notice
Shareholders who wish to attend the general meeting must:

1. on the record date, which is Wednesday 14 May 2025, be registered in the share register maintained by Euroclear Sweden AB (for nominee registered shares, also see below under the heading “Nominee registered shares”); and
2. notify the Company of their participation and any assistants (no more than two) in the general meeting no later than Friday 16 May 2025. The notification shall be in writing to Baker & McKenzie Advokatbyrå KB, Attn: Filippa Kronsporre, Box 180, 101 23 Stockholm (kindly mark the envelope “Soltech annual general meeting 2025”), or via e-mail: filippa.kronsporre@bakermckenzie.com. The notification should state the name, personal/corporate identity number, shareholding, share classes address and telephone number and, when applicable, information about representatives, counsels and assistants. When applicable, complete authorization documents, such as registration certificates and powers of attorney for representatives and assistants, should be appended the notification.

Nominee registered shares
Shareholders, whose shares are registered in the name of a bank or other nominee, must temporarily register their shares in their own name with Euroclear Sweden AB in order to be entitled to participate in the general meeting. Such registration (so-called voting rights registration), which normally is processed in a few days, must be completed no later than on Wednesday 14 May 2025 and should therefore be requested from the nominee well before this date. Voting registration requested by a shareholder in such time that the registration has been made by the relevant nominee no later than on Friday 16 May 2025 will be considered in preparations of the share register.

Proxy etc.
A shareholder who wishes to be represented by proxy shall issue a written and dated proxy to the proxy holder. If the proxy is issued by a legal entity, a certified copy of the registration certificate or corresponding document (“Registration Certificate“) shall be enclosed. The proxy must not be more than one year old, however, the proxy may be older if it is stated that it is valid for a longer term, maximum five years. The proxy in original and the Registration Certificate, if any, must be available at the general meeting and a copy should well before the meeting be sent to the Company by regular mail or by e-mail to the address above and should, in order to facilitate the entrance to the general meeting, be at the Company’s disposal no later than on 16 May 2025.

A form proxy will be available on the Company’s website www.soltechenergy.com.

Advance voting
The shareholders may exercise their voting rights at the general meeting by voting in advance, so called postal voting in accordance with the Company’s articles of association. However, anyone wishing to attend the meeting room in person or by proxy must notify the company in accordance with the instructions under the heading “Right to attend and notification to the meeting” above. This means that notification only by advance voting is not sufficient for those who wish to attend the meeting room.

A special form shall be used for advance voting. The form is available on www.soltechenergy.com. A shareholder who is exercising its voting right through advance voting do not need to notify the Company of its attendance to the general meeting. The advance voting form is considered as the notification of attendance to the general meeting.

A special form must be used for advance voting. The form is available on the Company’s website, www.soltechenergy.com, and will be sent free of charge to shareholders who request it and provide their e-mail or postal address. Submission of the form is deemed to constitute registration for the General Meeting. The completed form must be received by the Company no later than Friday, May 16, 2025. The completed form can be sent by post to Baker & McKenzie Advokatbyrå KB, Attn: Filippa Kronsporre, Box 180, 101 23 Stockholm (please mark the envelope “Soltech Annual General Meeting 2025”) or by e-mail to Filippa.kronsporre@bakermckenzie.com.

The shareholder may not provide special instructions or conditions in the voting form. If so, the vote is invalid.

If the shareholder votes in advance by proxy, a written and dated power of attorney signed by the shareholder shall be attached to the advance voting form, see above.

Further instructions and conditions are included in the form for advance voting.

Proposed agenda

1. Opening of the meeting and election of chairman of the meeting
2. Preparation and approval of the voting list
3. Approval of the agenda
4. Election of one or two persons to certify the minutes
5. Examination of whether the meeting has been duly convened
6. Speech by the CEO
7. Presentation of the annual report and the auditor’s report and the group annual report and the group auditor’s report for the financial year 2024
8. Resolution regarding:

1. adoption of income statement and balance sheet and the group income statement and the group balance sheet
2. the profit or loss of the Company in accordance with the adopted balance sheet; and
3. discharge from liability for the board of directors and the CEO

1. Determination of fees to the board of directors and to the auditors
2. Determination of the number of directors and auditors
3. Election of the board of directors and auditors
4. Resolution regarding amendments of the articles of association
5. Resolution regarding authorization for the board to issue shares, warrants and/or convertibles
6. Closing of the meeting

Proposition for resolution

Item 1: Opening of the meeting and election of chairman of the meeting
The nomination committee proposes that Carl Svernlöv, attorney at law, Baker & McKenzie, is appointed as chairman of the annual general meeting.

Item 8.b: Resolution regarding adoption of income statement and balance sheet and the group income statement and the group balance sheet
The board of directors proposes that all funds available for the annual general meeting shall be carried forward.

Item 9-11: Determination of fees to the board of directors and to the auditors, determination of the number of directors and auditors, election of the board of directors and auditors, and election of chairman to the board
The nomination committee proposes the following:

The nomination committee proposes that the remuneration to the board of directors is to be SEK 1,500,000 in total, excluding remuneration for committee work, and shall be paid to the board of directors in the following amounts:

• SEK 300,000 for each of the directors and SEK 600,000 to the chairman (same as previous year).

It is further proposed that the remuneration for committee work shall be paid in the following amounts:

• SEK 40,000 for each of the members and SEK 60,000 to the chairman of the audit committee (same as previous year); and
• If the board establishes other committees, the fee for each member shall be SEK 40,000 and the fee for the chairman of the committee shall be SEK 60,000 (same as previous year).

The nomination committee proposes that the auditor shall be entitled to a fee in accordance with approved invoice.

The nomination committee proposes that the board shall consist of four directors. The nomination committee further proposes that the number of auditors shall be one registered audit firm.

The nomination committee proposes re-election of Stefan Ölander, Ivana Stankovic, Ove Anebygd and Bernt Ingman as directors until the end of the next annual general meeting. Furthermore, Stefan Ölander is proposed to be re-elected as chairman of the board of directors.

The nomination committee proposes to re-elect the registered audit firm PricewaterhouseCoopers AB as auditor for the period until the end of the next annual general meeting. PricewaterhouseCoopers AB has announced that the authorized auditor Claes Sjödin will continue as main responsible auditor in case they are elected as auditor.

The nomination committee’s complete proposal and motivated opinion as well as further information regarding the proposed directors are available at the Company’s website www.soltechenergy.com.

Item 12: Resolution regarding amendments of the articles of association
The board of directors of the Company proposes that the annual general meeting resolves to amend the Company’s articles of association as follows:

It is proposed that the number of shares in the Company be changed from a minimum of 80,000,000 and a maximum of 200,000,000 to a minimum of 80,000,000 and a maximum of 320,000,000. It is further proposed that the Company’s share capital be changed from a minimum of SEK 4,000,000 and a maximum of SEK 10,000,000 to a minimum of SEK 4,000,000 and a maximum of SEK 16,000,000.

The articles of association § 4 will thereby have the following wording:

“The share capital shall be no less than SEK 4,000,000 and not more than SEK 16,000,000.”

The articles of association § 5 will thereby have the following wording:

”The number of shares shall be not less than 80,000,000 and not more than 320,000,000.”

Item 13: Resolution regarding authorization for the board to issue shares, warrants and/or convertibles
The board of directors of the Company proposes that the annual general meeting resolves to authorize the board of directors during the period up until the next annual general meeting to, on one or more occasions, resolve to issue shares, warrants or convertibles with the right to subscribe for and convert for shares, respectively, with or without preferential rights for the shareholders, within the limits of the articles of association, to be paid in cash, in kind and/or by way of set-off.

The purpose for the board to resolve on issuances with deviation from the shareholders preferential rights in accordance with the above is primarily for the purpose to raise new capital to increase flexibility of the Company and a possibility to advance the development of the Company’s business or in connection with acquisitions and to diversify the shareholder base.

Issuances of new shares, convertibles or warrants under the authorization shall be made on customary terms and conditions based on current market conditions. If the board of directors finds it suitable in order to enable delivery of shares in connection with a share issuance as set out above it may be made at a subscription price corresponding to the shares quota value.

The board of directors or anyone appointed by the board of directors is given the right to make the adjustments necessary in connection with the registration of the resolution at the Companies Registration Office.

Majority requirements
Resolutions in accordance with item 12 and 13 are valid when supported by shareholders representing at least two-thirds of the votes cast and the shares represented at the general meeting.

Number of shares and votes
The total numbers of shares and votes in the Company on the date of this notice are 132,279,393. The Company holds no own shares.

Other
The annual report with the auditor’s report, the complete proposals, proxy form and other documents that shall be available in accordance with the Swedish Companies Act are available at the Company premises, Birger Jarlsgatan 41A, 111 45 Stockholm, and at the Company’s website, www.soltechenergy.com, at least three weeks in advance of the general meeting and will be sent to shareholders who request it and provide their e-mail or postal address.

The shareholders are hereby notified regarding the right, at the annual general meeting, to request information from the board of directors and managing director according to Ch. 7 § 32 of the Swedish Companies Act.

Processing of personal data
For information on how personal data is processed in relation the meeting, see the Privacy notice available on Euroclear Sweden AB’s website: https://www.euroclear.com/dam/ESw/Legal/Privacy-notice-bolagsstammor-engelska.pdf.

______________________________

Stockholm in April 2025
Soltech Energy Sweden AB (publ)
The board of directors

Fasadsystem is an industry leader in building-integrated solar cell facades, where solar panels replace and complement the classic facade material. The company has previously designed and installed solar facades on several larger properties, such as commercial properties, residential buildings and Sweden’s largest solar facade on a logistics property in Jönköping.

Solar facades are a solution that enables integrated energy production directly from the vertical surfaces of the building, making them an effective complement to roof-based solar panels. The solution is expected to grow as solar energy requirements for properties increase. The EU’s upcoming and stricter regulations on the energy performance of buildings emphasize that property owners will need to implement solar energy solutions from next year and onwards. This leads to Fasadsystem seeing a growing demand and therefore expanding its product range and accelerating its investment in solar facades.

– We clearly see a trend where property owners and architects are starting to look at aesthetically pleasing solar energy solutions, and we are therefore broadening and accelerating our offering of solar facades. This solution make it possible to integrate a renewable energy into the building and are a perfect alternative for larger properties, says Tommie Standerth, CEO of Fasadsystem.

Several benefits for property owners
In addition to meeting upcoming EU requirements for solar energy for buildings and generating self-generated electricity, solar facades also offer architectural opportunities. With customizable colors and designs, they can blend into the urban environment and meet specific real estate design requirements.

– Our solutions enable the combination of self-produced solar and an appealing design, such as the colourful solar facade we installed in Mölnlycke Fabriker. We are now taking the next step in our investment in offering large-scale solar facades as there is a large amount of unused façade area that could instead create great value for both property owners and the environment, concludes Tommie Standerth.

Advantages of solar facades

1. Optimized use of space
Solar facades use an area that is not otherwise used. This is particularly advantageous in urban environments where the roof area may be limited or where the existing roof structure does not allow for added weight in the form of roof-mounted solar installations.

2. Aesthetic benefits and integration in building Design
Building-integrated solar can be designed to blend in with the architecture of the building and its surroundings. Solar facades are an aesthetic and functional solution for both existing properties and new constructions.

3. Reduced energy costs and increased self-sufficiency
Solar facades produce solar electricity locally for the property’s operations. This leads to significant savings on electricity bills and reduced operating costs, especially for larger buildings.

4. Replaces other facade materials
Solar panels integrated into the facade replace traditional building materials and in turn create a seamless and climate-protective facade layer.

5. Environmental benefits and sustainable urban development
By implementing solar solutions, property owners can take a concrete step towards a more sustainable property and for a more sustainable urban development where solar energy is a central element.

Photo: Soltech/Radar Arkitektur/Gatun Arkitekter

As the energy transition accelerates and more and more renewable energy is installed, so does the need for battery parks that stabilize the electricity grid. Soltech Energy Solutions has now helped Kvänum Energi in its battery investment in Varaslätten, which will be the first battery installations in connection with wind turbines in the area. A total of three batteries have been installed, with a total output of 3 MW.

The battery installations now enable the storage of excess energy from the wind turbines, ensuring a more even energy supply even when wind conditions vary. They will also contribute with local flexibility, power cutting at peaks and support services to Svenska kraftnät. In the project, Soltech Energy Solutions has been the project manager in collaboration with the sister company Provektor, which has assisted with the AC installations.

– It feels great that we have now designed and commissioned several large-scale batteries that complement the wind turbines. Together, a smart and robust hybrid solution is formed where wind power produces renewable electricity and the batteries store the electricity, increasing the utilization rate of existing grid connections and stabilizing the electricity grid. We are very pleased to be able to help Kvänum Energi with their future investment, says Daniel Grandin, Key Account Manager at Soltech Energy Solutions.

Growing area for Kvänum Energi
Kvänum Energi has been around for over 50 years and is an energy company that provides renewable electricity in the form of electric power and heat, a well-functioning grid and various solutions in bioenergy. The energy company sees it as an important step to invest in battery storage that contributes to the green transition and a reliable and flexible electricity grid.

– The fact that we, together with the end customer, are now commissioning a large-scale battery investment as a complement to the wind turbines is very valuable. In order to contribute even more to the green transition and consolidate our position as a pioneer in sustainable energy, this is an important solution for the future. We thank Soltech and the end customer for a good collaboration and are pleased that the batteries can now start to make a difference, says Johan Lindqvist, CEO of Kvänum Energi.

The Spanish solar energy company Sud Renovables, which became part of the Soltech Group in 2022, is active in solar energy and storage solutions for self-consumption of solar energy. The projects often consist of large-scale solar facades, roof-mounted solar systems, solar roofs for parking spaces and floating installations.

The company has now designed and installed the Balearic Islands’ largest floating solar installation on a rainwater collection pond in Capdepera, Mallorca. The investment is part of the municipality’s investments in renewable energy. The installation will also include bird protection devices to prevent interference from birds.

– After constructing the first floating installation in Catalonia, we are very proud to continue to grow in this type of solar installation, now in Mallorca. Floating solutions are very important in our area in southern Europe to help save water and as an alternative to using agricultural land. This is further proof that solar technology is fully compatible with agricultural operations, says Manel Romero, Chief Technology Officer and Co-Founder at Sud Renovables.

Reduces evaporation and increases the power of solar panels
Previously, Sud Renovables designed and installed Catalonia’s first floating solar system on top of a rainwater collection pond. This type of solution is expected to grow in number in the future as floating solar energy installations have a number of advantages, in addition to producing renewable solar electricity.

– First of all, I would like to congratulate Sud Renovables for completing a very inspiring project. Floating solar systems reduce evaporation of water dams, which is important in regions prone to drought. The water, in turn, helps to cool down the solar panels, which increases their output by 10-15 percent. We expect an increased demand for this type of installation and it feels great that our subsidiary is an industry leader in the field, says Patrik Hahne, CEO of Soltech Energy.

Photo: Sud Renovables/G-ener Renovables