The Soltech Group's latest acquisition in the electrical engineering industry, Neabgruppen, has now signed an agreement with the Norwegian construction group Betonmast. The agreement covers electrical installations in 85 apartments with connecting business premises in the newly developed area "Kvarteret Hanna" in Burlöv. One of the properties will also have a solar energy solution on the roof. Construction will start during winter 2021/22.
Soltech has an offensive growth strategy with acquisitions in the solar, roof, facade, and electrical engineering industries. Together, these companies will create synergy effects and build a strong group with cross-border expertise regarding sustainable solar solutions
The Soltech Group's most recent acquisition, the electrical engineering company Neabgruppen, wigh business in southern Sweden, Stockholm and Norrköping, among others, has now entered into a new agreement with the Norwegian building and construction group Betonmast. The agreement applies to both electrical installations in apartments and business premises, a health center section, and a roof-mounted solar energy solution.
– I am very proud that we have been entrusted to carry out this prestigious project. Betonmast is a strategically important partner for us and a reputable player, both in Norway but also in Sweden. We look forward to contributing together to the development of an area that will be characterized and built on sustainability values, says Pelle Norberg, CEO of Neabgruppen.
– I would like to congratulate the whole of Neabgruppen for this agreement, which includes both electrical technology and solar energy. Our strategy to gain both expertise and business opportunities through acquisitions of companies in the electrical engineering, roofing and facade industries has once again proved to be successful, says Stefan Ölander, CEO of Soltech Energy.
Advanced Soltech's subsidiary in China, has signed an order with Jiangxi ShiMao Copper Industry Co. Ltd. The order concerns the installation of a solar energy facility of 1.26 megawatts (MW) and is estimated to generate annual revenues of approximately SEK 0.9 million, or approximately SEK 18 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 approximately SEK 7.4 million and construction is scheduled to start in the first quarter of 2022. The project achieves good profitability without any subsidies and is located in Shanxi Province.
Advanced Soltech's CEO Max Metelius comments:
– We experience a strong demand for our offer and we continue to take new orders within the profitability target of 12-15% at project level that we have communicated.
The solar energy group Soltech's subsidiaries Soltech Energy Solutions and Fasadsystem will install green energy solutions at Fastpartner's property in Solna. The property will have a solar energy system on the roof and the facade will be covered in several hundred square meters of integrated solar facade. The solar energy installation will also be optimized with the help of Ferroamp's scalable and smart energyhub system.
Soltech Energy Solutions and Fasadsystem have a vast experience of converting properties into energy producers as a contribution to the green transition. The companies have an agreement with the real estate company Fastpartner for both an integrated solar façade and a traditional solar cell system on the roof. The property is located in Solna, just north of Stockholm. Rickard Viklund, regional sales manager at Soltech Energy Solutions, reveals more about the different solutions in the project.
– For us, it is a priority not only to be a supplier of green energy solutions, but also to be a strong partner that takes an overall responsibility. Something that this project is a clear example of. The property will have both a solar energy solution on the roof and integrated solar panels on the facade, which will then be connected to a smart energy system. This is a useful way to create and optimize renewable energy, says Rickard Viklund, regional sales manager at Soltech Energy Solutions.
New design gives life to the façade
In addition to the property having a roof-mounted solar energy solution, hundreds of square meters of solar panels will cover the façade and become an integrated solar façade. The design of the solar cell façade is tailormade specially to turn the solar panels in the best possible solar position and designed to blend in with the rest of the building. Fasadsystem has constructed the installation system based on the architect's and Fastpartner's wishes, to optimize both the function and design.
– When facade companies, solar energy companies and architects work together, the solar energy buildings of the future will be created, of which this project is a proof of. Connecting facade companies and architects early in the process is key and creates unique projects and cost efficiency right from the start, says Daniel Christiansen, project manager at Fasadsystem.
– We always strive to reduce our climate impact at all levels. Therefore, we environmentally certify our buildings and strive to develop and manage our properties with the least possible resource consumption, both to create sustainable but also attractive properties. Our upcoming property in Solna with solar panels on the roof and integrated into the facade is completely in line with our sustainability ambitions and also creates a climate property with the little extra, says Mari Lindau, area manager at Fastpartner.
Advanced Soltech's subsidiary in China, has signed an order with Jiangxi ChongShan Copper Industry Co. Ltd. The order is for the installation of a solar power plant of 2 megawatts (MW) and is estimated to generate annual revenues of approx. SEK 1.5 million, or approx. SEK 30 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 approximately SEK 12 million and construction is planned to start in the first quarter of 2022. The project achieves good profitability without any subsidies and is located in Shanxi Province.
Advanced Soltech's CEO Max Metelius comments:
– This order contributes to a strong order book with projects that can be quickly converted into revenue-generating assets after the listing of the company's shares on First North Growth Market on October 29, 2021.
Advanced Soltech's subsidiary in China, has signed an order with Shanxi YangTai Longyan Energy Technology Co. Ltd. The order concerns to the installation of a solar energy plant of 3 megawatts (MW) and is estimated to generate annual revenues of approximately SEK 2.4 million, or approximately SEK 48 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 approximately SEK 17.6 million and construction is scheduled to start in the first quarter of 2022. The project achieves good profitability without any subsidies and is located in Shanxi Province.
Advanced Soltech's CEO Max Metelius comments:
– This project is part of our framework agreement with Shanxi Yang Tai Group. We continue to build an order book ahead of the capital raising in connection with the listing of the company's shares on First North Growth Market at the end of October 2021.
The first phase of construction has now started for the 47 net zero houses in Öjersjö Hagar, just outside Gothenburg. Soltech Energy Solutions and Skanska will build 47 homes in the area with an extra focus on climate-smart energy solutions. With an ambition to reduce CO2 in both materials and in the construction process the solar energy systems on the roofs will make several of the houses climate neutral.
Soltech Energy Solutions and Skanska have now begun the construction in Öjersjö Hagar, in Partille municipality. The residential area is built with extra high environmental performance, which will make the houses into energy efficient and sustainable net-zero homes*. Several of the houses will be completely climate neutral by minimizing CO2 in materials, in construction and compensatory measures will be taken, such as using renewable energy and bio charcoal. Soltech contributes to the project by installing solar energy solutions on all houses.
– It feels great to develop this area together with Skanska. It is a strong partner with the aim to create a more sustainable society, both today and for the future, which is completely in line with our own ambitions. Solar power is an important component in the journey towards a climate-neutral future and our installations contribute to the net zero homes in Öjersjö, says Rickard Viklund, Regional sales manager at Soltech Energy Solutions.
Solutions for maximum climate compensation
In addition to solar energy solutions, the semi-detached houses are built of wood and will also have climate-improved concrete (with a lower climate footprint) in the foundation with an insulation of recycled cellular plastic. For the walls a glass wool insulation will be used. The houses are also designed with a focus on energy efficiency and the green electricity that is not used in the household is sold back to the electricity grid. Something that benefits both the residents' finances and compensates for emissions that inevitably occur during construction processes.
– In 2017, we took the decision that all our new homes would be Svanenmärkta and since then we have raised our ambition even further. As early as 2030, all new homes from Skanska will be climate-neutral throughout the value chain, and our net zero homes are a step on that journey. Every single choice is important for achieving climate neutrality. Everything from the choice of building materials to production methods and finally how maintenance and operation should be handled. Solar energy solutions and energy efficiency are two keys to success. Öjersjö Hagar will be an excellent example of how we can develop climate-neutral residential areas, says Sophie Edenfelt, Project developer at Skanska.
* Net zero energy means that the property adds as much new renewable energy as it needs for heating, cooling, hot water and property electricity on an annual basis.
Authorities in Zhejiang Province have announced changes in the electricity tariffs for industrial customers. The new tariffs result in approximately 15 percent higher reference prices for Advanced Soltech Sweden AB (Advanced Soltech or the Company) in Zhejiang Province, where 106 of our 192.5 MW are installed. The new prices will take effect from October 15th . Our assessment is that this will lead to increased revenues for Advanced Soltech by approximately SEK 6 million on an annual basis with current installed capacity.
Max Metelius, CEO of Advanced Soltech comments
– The price increases for electricity are an expected and logical consequence of the electricity shortages that we have seen in China recently. This is a positive development for the continued expansion of distributed solar energy in China.
http://fzggw.zj.gov.cn/art/2021/9/10/art_1229123366_2354986.html
Advanced Soltech's subsidiary in China, has signed an order with Nanxiang Wanshang (Wuhu) Trade Logistics Park Investment Co. Ltd. The order concerns the installation of a solar energy plant of 5 megawatts (MW), which is estimated to generate annual revenues of approx. SEK 4.2 million, or approx. SEK 84 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 approximately SEK 29.7 million and construction is scheduled to start in the fourth quarter of 2021. The project achieves good profitability without subsidies and is located in Anhui province.
Advanced Soltech's CEO Max Metelius comments:
– Recent power shortages in some parts of China put further focus on the need for further expansion of solar energy. Our assessment is that the electricity shortage leads to even greater demand for our offer. We now have a very strong order book ahead of our capital raising in conjunction with our listing on First North Growth Market.
On October 1, Soltech Energy Sweden AB (publ) acquired 100 percent of the shares in NEAB Gruppen AB with access on the same day. The company has sales of approximately SEK 145 million and has approximately 105 employees with headquarters in Norrköping. Now the plan is to, together with Soltech, integrate solar energy into the product range and increase both sales and earnings. The acquisition consolidates an already strong position in electrical engineering. The acquisition is financed entirely from its own cash and with newly issued Soltech shares. The NEAB Group is expected to contribute approximately SEK 35 million in sales during the fourth quarter, 2021 with a positive result.
The new President and CEO of NEAB Gruppen will be the current Chairman of the Board, Pelle Norberg. The company's previous owners Johan Tankred and Tommy Björk will remain in leading positions in the company and are fully focused on developing the company for many years to come.
Soltech has an offensive growth strategy with acquisitions in the solar, roof, facade and electrical engineering industries. Together, these companies will create synergy effects and build a strong group with cross-border expertise. The acquisition of the electrical engineering company NEAB Gruppen strengthens the Group's presence, primarily in Östergötland and Skåne.
– Now we are growing in the electrical engineering industry, which is completely in line with our acquisition strategy, as more solar energy installations require more electricians. NEAB Gruppen is a fast-growing company with over 105 competent employees. That this happens only weeks after our completed new rights issue proves that we not only talk about rapid growth but also deliver it, says Stefan Ölander, CEO of Soltech Energy.
A company with a broad geographic market
The NEAB Group was founded in 1987 and has since had a successful journey. The company specializes in electrical engineering and often performs contract work at schools, logistics properties, apartment buildings and other construction contracts. The company is currently represented in Skåne, Norrköping, Linköping, Finspång, Nyköping and Stockholm. The NEAB Group is now adding solar energy to its offering when joining the Soltech Group.
– It feels fantastic that we are now part of Soltech. Our customers' demand for solar energy is growing daily and in order to be able to compete in the future, electrical engineering companies need to possess solar energy expertise. Meeting that development and society's increased electrification with a large solar energy group behind it will create great benefits for us and our customers, says Pelle Norberg, CEO, NEAB Gruppen.
Advanced Soltech's subsidiary in China, has signed an order with Anhui WanKai Logistics Park Co. Ltd. The order concerns the installation of a solar energy plant of 1.6 megawatts (MW) and is estimated to generate annual revenues of approx.. SEK 1.25 million, or approx.. SEK 25 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 9.4 million and construction is planned to start in the fourth quarter of 2021. The project achieves good profitability completely without subsidies and is located in Anhui Province.
Advanced Soltech's CEO Max Metelius comments:
– We have a good portfolio of projects to be built during the autumn. We are experiencing strong demand and our sales organization is working very well. We are now carrying out our listing in order to create the conditions for even faster growth, which is necessary to save the climate.