Advanced Soltech signs an order in China that generates approx. SEK 13.6 million during the contract period
Advanced Soltech's subsidiary in China, has signed an order with Deqing Ruiming Small and Micro Enterprise Park Management Co Ltd. The company has the same owner as an existing customer. The order concerns the installation of a solar energy facility of 1 megawatt (MW) and is estimated to generate annual revenues of approx. SEK 0.68 million, or approximately SEK 13.6 million during the agreement's 20-year term. The investment in the facility, which will be owned by Advanced Soltech's wholly owned subsidiary in China, amounts to approx. SEK 5.7 million and construction is planned to start in the fourth quarter of 2021. The project achieves good profitability completely without subsidies and is in Anhui province.
Advanced Soltech's CEO Max Metelius comments:
– Our sales organization continues to reap success in Anhui Province. It is especially satisfying to be able to deliver several good projects that are located in the same area, which streamlines the maintenance of the facilities.