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).
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).
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).
Proposal and decision
The extraordinary general meeting decided to approve the board’s proposal in accord with the notice concerning:
- Adoption of new articles of incorporation
- Confirmation of current general new share issue authorization
- Specific new share issue authorization with respect to oversubscription option allocations
Protocol from the annual general meeting, with complete decisions, will be available at the Company’s website, www.soltechenergy.com.
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FOR FURTHER INFORMATION, CONTACT
Stefan Ölander, Chairman of the Board, SolTech Energy AB, Telephone: 070–739 80 00,
email: stefan.olander@soltechenergy.com
More information can be accessed at: www.soltechenergy.com.
The above information was made available for publication on 20 December 2017 at 3:30 AM CET
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, 15:30 CET.
SolTech Energy AB (publ.) in brief
SolTech Energy is a Swedish solar energy company that specializes in developing esthetically attractive solutions that work towards having every building producing more energy than it consumes. SolTech Energy develops its own products, which form part of a building’s outer shell and produce hot water or electricity. The products are based on research carried out at Kungliga Tekniska Högskolan (KTH- Royal Institute of Technology). Included in the product assortment are unique, customer-tailored semi-transparent thin-film solar cells that, among other retail venues, are now sold via the Company’s exclusive contract with Sapa Building Systems throughout the Nordic and Baltic region. SolTech Energy Sweden AB (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT”. Included in the concern is its wholly owned subsidiary Wasa Rör T Mickelsson AB, as well as its jointly owned (51%) subsidiaries Advanced SolTech Sweden AB (publ.) ASAB, and Advanced SolTech Renewable Energy Hangzhou Inc. (ASRE). The company’s Certified Advisor is G&W Fondkommission (securities broker). For more information see: www.soltechenergy.com
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).
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).
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.
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).
By having chosen SolTech ShingEl, which is both a solar cell and roofing in the same product, Ereim secures two functions in the same solution. ShingEl has been developed by SolTech Energy and will be widely launched to both the private market and to the commercial construction and real estate market. ShingEl is equally suited to new building projects as it is to the renovation of existing roofs. For Eriem’s Skogshöjden residential site, the cost savings stand to be substantial since a roof is not simply being built with traditional roofing materials, but rather with ShingEl directly on roofing paper and battens.
SolTech´s CEO Frederic Telander comments:
- We are very happy about this business transaction with Ereim, a company that has sold over 800 homes throughout Sweden since its inception in 2010, focusing on homes that are energy effective. Skogshöjden is a modest-sized development site consisting of nine attached residential buildings housing a total of 18 individual condominiums. This residential development is the first to be entirely roofed with ShingEl, which will be exciting to see and, at the same time, underline the product’s competitive strength. ShingEl has gotten off to a “tasty” start and we have barely begun.
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 6 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.
ShingEl
SolTech ShingEl is a building-integrated solar cell that functions as a roof tile and is seamlessly compatible installed side-by-side with Bender’s Carisma roof tile. ShingEl has been developed by SolTech Energy and will be introduced to the market in a widespread launch during 2018 that will include both the private market, and the commercial construction and real estate markets. ShingEl is equally suited to new building projects as it is to the renovation of existing roofs.
Ereim AB in brief
Ereim Ab is project developer powerfully motivated to create home environments where people can expand and enrich the quality of their lives. Ereim builds well-planned, price-worthy homes so that more people get a chance to own their homes without having to abandon the concept of maintaining a well-balanced private economy. Our homes are fundamentally designed to be energy effective, and by taking advantage of solar cells and other intelligent solutions we seek to create conditions tha
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 30 November 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).