Vasakronan has placed an order worth approximately one million SEK (100,000 EUR) for ShingEl to be installed on the Dragabrunn 19:10 building in Uppsala, which is going to be renovated in the coming spring of 2018. Vasakronan is Sweden’s largest real estate company with real property holdings valued at approximately 123 billion SEK ( … EUR).
SolTech ShingEl is a building-integrated solar cell that functions as a roof tile and is seamlessly compatible when 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, as well as the commercial building market dominated by large construction companies and real estate firms. ShingEl is equally suited to new building projects as it is to the renovation of existing roofs. In the case of Vasakronan’s Dragarbrunn 19:10 building, the cost savings will particularly noticeable, since it will be necessary to change the existing banded sheet-metal roofing. Had Vasakronan chosen traditional solar cells, it would have been necessary to mount them over the new sheet-metal roof. By having chosen ShingEl, which is both a solar cell and a roofing material in the same product, Vasakronan has obtained two essential functions with the single roof replacement, i.e. a solar cell installation and a new roof.
SolTech’s CEO Frederic Telander comments:
- We view this as a breakthrough-order within the ”Big Business” sector, since Vasakronan is, in its field, the biggest in Sweden and has always been a model example within sustainable development. When a market leader like Vasakronan points the way in this manner, others generally follow. ShingEl has gotten off to a flying start with the distribution contract and the order from Rexel – then the installation cooperation-agreement with SVEA, and now the order from Vasakronan.”
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 28 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.
SolTech Energy’s core strategy is to be an innovator, producer and supplier of unique, integrated solar energy solutions that fulfill several functions in the same product. SolTech ShingEl is just such a product with the private market as its target group, and therefore the need of a strong partner within sales and installation. SVEA Solar sells and installs solar cells throughout the country and is one of the leading actors in the Swedish solar cell market.
SolTech Energy’s CEO Frederic Telander comments:
- In order to meet the ever increasing interest from private individuals and bostadsrättföreningar (roughly: Co-op apartment building associations) and similar interested parties, we can now direct these customers to SVEA Solar, which is a nation-wide solar energy installer. As earlier announced, we have sealed a contract with Rexel – one of the world’s leading electric wholesalers. With this contract with Rexel, we secure distribution and the product support that solar energy requires, as well as a widespread launching of ShingEl to building contractors and real estate firms. Through our cooperation agreement with SVEA, we now have a complete distribution strategy for the Swedish market, and thereby, have become significantly more effective. SVEA Solar has, over a short expanse of time, built up an impressive company, and we feel safe in projecting that they will serve all ShingEl customers in an exemplary way.
SVEA Solar’s CEO Erik Martinson comments:
- Esthetic and building-integrated solar energy is the future. Within 4 – 5 years it is our conviction that this form of solar energy will come to completely dominate the market. We have evaluated the few similar products found in the market and concluded that ShingEl is the best, and we are therefor very pleased that SolTech has signed this cooperation agreement with us.
For more information, please contact: Frederic Telander, CEO SolTech Energy. Tel: 08-441 8846, email: : frederic.telander@soltechenergy.com or Erik Martinson, CEO SVEA Solar. Tel: 073 060 8910. Email: : erik.martinson@sveasolar.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 22 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.
The board of governors for SolTech Energy Sweden (publ.), ”Soltech” or the ”Company”, has approved a prospectus covering the preferential rights new share issue that was announced to the public on 17 November 2017.
This prospectus has been approved and registered by FI (Finansinspektionen, roughly: the Swedish Financial Inspection Authority), and is availble for downloading on the Company’s home-page: www.soltechenergy.com, and on FI’s home-page: www.fi.se, as well as on the home-pages of GW Kapital, www.gwkapital.se, and Aktienvest Fondkommission AB, www.aktieinvest.se.
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 21 November 2017, 16:00 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 (103 MEUR).
Participants
Shareholders who wish to participate in the general meeting will, in part, be noted in the shareholder’s register administrated by Euroclear Sweden AB no later than 14 December 2017 (for nominee registered shareholders, also see the below paragraph: ”Nominee registered shares”), and, in part, they must notify the Company no later than Monday, 18 December 2017 by means of conventional post addressed to SolTech Energy Sweden AB, Mekanikervägen 12, 146 33 Tullinge, or alternatively, via fax 08-441 88 41 or email info@soltechenergy.com. In this notification, shareholders shall provide their name and personal identification number, or the relevant trustee’s name and organization number. In addition, the address, telephone number, total number of shares held and probable number of people attending (max two) shall also be furnished.
Nominee-registered shares
Shareholders who have their stock nominee-registered through a bank or other trustee must, in order to participate in the general meeting of shareholders, request that their shares be temporarily registered in their own name in the shareholder’s register with Euroclear Sweden AB. Shareholders wishing such re-registration must inform their trustee of this in good time before 14 December 2017, as this change of registration must be carried out by this date at the latest.
Agents, representatives and so forth
Shareholders may designate one or several agents. Shareholders who are represented by an agent shall complete a written and dated full power of attorney for said agent. The power of attorney shall be in effect no more than one year from the date it was granted, unless a longer period, not to exceed five years, is otherwise specified. Power of attorney granted to a certified legal counselor shall be accompanied by appropriate documentation (registration proof or equivalent substantiation). The original Power of Attorney document, along with other possibly required authorization documentation, should be sent – in good time prior to the general shareholders meeting – to SolTech Energy Sweden AB (publ.), Mekanikervägen 12, 146 33, Tullinge. Formulation of the power of attorney is accessible on the Company’s website, www.soltechenergy.com.
Proposed agenda
- Opening of the general meeting
- Selection of the chairman at the general meeting
- Establish and approve the voting list
- Approval of the meeting’s agenda
- Selection of one or two recorders of the minutes
- Authenticate as to whether the general meeting was properly called
- Decide on acceptance of new articles of incorporation
- Decide confirmation of current general new share issue authorization
- Decide specific new share issue authorization with respect to oversubscription option/warrant allocations
- Close the general shareholders meeting
Background to holding the extraordinary general meeting
In as much as the planned preferential rights new share issue, duly published in a press release on 17 November 2017, essentially makes use of the current general authorization for a new share issue established at the 2017 annual general shareholders meeting, at the same time as the Company’s articles of incorporation are being changed, as detailed below; in effect conceding an expanded general new share issue authorization, the board of governors proposes the following:
Proposed decision points
Point 2 – Selection of chairman for the general meeting
Shareholders representing 9.88 percent of the votes propose that Göran Starkebo be chosen as chairman for the general meeting.
Point 7 – Decision re: Adoption of new articles of incorporation
The board of governors proposes that the general meeting decides on changes in the company’s articles of incorporation, by reason of the board having decided, on 16 November 2017, to authorize a preferential rights new share issue and possible over-subscription option allocations, as follows:
- The boundaries for the Company’s capital stock ( 4 in the articles of incorporation) are changed from lowest 500,000 SEK and highest 2,000,000 SEK, to lowest 750,000 SEK and highest 3,000,000 SEK.
- The boundaries for the Company’s total number of shares ( 5 in the articles of incorporation) are changed from lowest 10,000,000 and highest 40,000,000 shares, to lowest 15,000,000 and highest 60,000,000 shares.
Point 8 – Decision re: Confirmation of the current general authorization for a new share issue. As the planned preferential-rights new share issue decidedly makes use of the current general authorization granted at this year’s annual general shareholders meeting, simultaneous with changes being made in the company’s articles of incorporation as described in the previously presented decision point, an expanded general authorization can be denoted. Therefore, the board of governors proposes that the general meeting confirm the current general authorization for a new issue, as follows:
The current general authorization for a new share issue shall remain in force until next year’s annual shareholders meeting, also meaning said authorization will continue to apply after the articles of incorporation’s capital boundaries have been changed in line with the previously-presented decision point; which is to say, within the framework the articles of incorporation can allow after the raised capital boundaries.
Point 9 – Decision re: New share issue authorization specific to over-subscription allotment options
The board of governors proposes that the general meeting give the board a specific new share issue authorization in connection with the planned preferential-rights new share issue that was decided under the current general authorization. This specific authorization will apply separate and apart from the general new share issue authorization, as follows: In the event of strong interest in the preferential rights new share issue, the board of governors shall have the right to allocate shares in a separately directed new share issue. The total sum of additional new shares realized through such a separately directed new share issue, following the completion of over-subscription allotments, shall, at the highest, amount to 2,976,190 new shares. The subscription price for these shares shall be at the same or a higher price than the shares in the preferential-rights new share issue, where allocations shall only be made to such professional and institutional investors or existing shareholders who have subscribed without preferential rights in the preferential-rights new share issue but have not received an allotment. Existing shareholders shall thereby have preference.
Decisions according to points 7, 8, and 9 are in force only if they are supported by the shareholders with at least two-thirds in both distinct votes made at the general meeting by those who represent the shares.
Access to the course of actions
Actions relating to the general shareholders meeting and the Board of Governor’s complete decisions and proposals, as well as other actions taken before the general shareholders meeting, will be, as of 6 December 2017, made available at the Company (address and telephone as indicated above), and via the Company’s website www.soltechenergy.com. Said actions will be sent, cost-free, to shareholders who request them.
Stockholm, November 2017
SolTech Energy Sweden AB (publ.)
Board of Governors
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 21 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 (103 MEUR).
The installation is estimated to cover a surface area measuring circa 5 hectares (appx. 50,000 m2 ) and estimated to produce circa 5,000,000 kWh annually. The customer is contractually commited to buying all the electricity the installation produces over a 20-year period. In concert with this income, ASRE receives subsidies from the province and central government over this 20-year period. Investment in the installation, which continues to be owned by ASRE, amounts to approximately 39.65 MSEK (4 MEUR), and it is expected to be completely installed during the third quarter 2018.
CEO Frederic Telander comments:
- Yet another customer in Ningbo – Now we are starting to establish a truly solid presense in the city, which has over 10 million inhabitents. In addition, the responsible authorities in Ningbo strive to have the installations quickly coupled to the central network once they are completed, which, in turn, means a quicker start to ASRE’s income flow. Moreover, with a number of ongoing projects in the same city, we also benefit from economies of scale, but even more evident are the benefits drawn from continuing to build a list of successful installations and happy customers.
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 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 (103 MEUR).
SolTech Energy Sweden AB (publ.) (”the Company” or ”SolTech”) has, on 16 November 2017, with the support of authorization granted at the annual general meeting of shareholders held on 18 May 2017, has decided to proceed with an 81% guaranteed new issue of shares to be offered for a maximum sum of 64.8 MSEK (6.68 MEUR), with preferential rights for the shareholders of the Company.
- The motivation is primarily to secure financing for strategic acquisitions in Sweden and further investment in contracted solar energy installations in China that are jointly owned by SolTech’s Chinese partner, Advanced Solar Power Hangzhou Ltd. (ASP). Specifically, the funds to be allocated to solar energy installations will be invested in SolTech’s subsidiary in China, Advanced SolTech Renewable Energy Hangzhou Co. Ltd., which is jointly owned by ASP.
The new share issue is guaranteed up to 81% through emissions guarantees, equivalent to a sum total amounting to 52.5 MSEK (5.4 MEUR). SolTech has not, however, obtained Bank type security for these. The guarantee’s size is equivalent to SolTech’s working capital needs for 2018, as well as the commitment the Company has both in terms of the need to raise production in connection with the launching of ShingEl and the related contract with Rexel and follow-up orders, and with respect to the agreed added contribution of the Company’s own capital in ASRE. Taken together with local bank financing, and the coming, planned bond loan offered to the general public through Advanced SolTech Sweden AB publ. (ASAB), this is estimated as making possible the construction and coupling to the central electrical network of current back orders in China for solar energy installations with a total generating capacity equivalent to circa 35 MW (megawatts).
Assuming Financeinspektionen (FI = Financial Inspection Authority) approves the prospectus and a fully subscribed offer is realized, the new share issue will provide the Company with approximately 64.8 MSEK (6.68 MEUR). The Board of Governors will be called to an extra meeting in order for them to decide, in the event strong interest in the new share issue indicates the possibility of an oversubscription, the allowance of an additional allocation of shares up to a maximum of 25 MSEK (2.6 MEUR) via a separately directed new share issue. A full subscription would raise total stock equity from 1,542,700.50 SEK to a maximum ceiling of 1,972,125.65 SEK, including the guaranteed remuneration in the form of shares. Including an added allocation of shares, assuming the separate additional new share offer is fully subscribed, the total stock equity/capital would increase to a max-ceiling of 2,1230,395.15 SEK. In the event of a full subscription, dilution of shares for stockholders who chose not to participate is 22 percent; and 27 percent in the event the additional separate new share issue is also fully subscribed.
New share issue conditions:
- The new share issue pertains to, at the most, 7,713,513 shares. Including guaranted remuneration in the form of 875,000 shares, the total then rises to 8,588,503 relevant shares. In the event of a seperate allocation arising from an oversubscription, and assuming the articles of incorporation come to allow an increase in the Company’s capital stock and amount of shares, the maximm total increase in shares would amount to 2,976,190, which is to say, 11,564,693 shares, all told, after allocation of the new shares.
- Four (4) existing shares entitle subscription to one (1) new share.
- The offering price is set at 8.40 SEK per share, which means a refund of approximately 29 percent based on a volume-weighted average price over the period 19 October – 15 November 2017.
Preliminary timeplan for the new share issue, assuming FI approval of the prospectus.
- The last day for trading the stock, including the preferential subscription right, is 22 November 2017.
- The day of record is 24 Novembern 2017.
- Publication of the prospectus is estimated to take place on 27 November 2017 at the latest.
- Trading of shares with purchased subscription shares starts as of 28 November and continues until the date the new share issue has been registered with the Bolagsverket (roughly: Department of Corporate Registration), which is expected to take place on or about 12 January 2018.
- Trading with subscription rights will take place during the period 28 November to 12 December.
Vital information:
Publication or distribution of this press release can, in certain juristictions, be subject to legal restrictions. Consequently, people in those juristictions where this press release has been published or distributed must obtain knowledge about possible legal restrictions and follow their stipulations.
The information provided here is not for release to the general public, publication or distribution, directly or indirectly, within or to Austrailia, Hongkong, Japan, Canada, New Zealand, Singapore, South Africa or the USA, or in any other juristiction where release to the general public, publication or distribution of this press release would be unlawful, or require registration or other mandatory measures. Information in this press release also cannot be forwarded, reproduced or presented in a way that conflicts with such restrictions. Failure to comply with this notification can constitute a criminal violation of the United States Securities Act of 1933 (”Securities Act”), along with additional or relevant laws in other juristictions.
This press release does not contain or present an invitation or offer to hold, sign, or in some other way trade subscription rights, paid subscription shares, or new shares in SolTech Energy Sweden AB (publ.). Neither subscription rights, paid subscription shares nor new shares shall be registered according to the Securities Act, or according to applicable securities legislation in any State of the United States or Province in Canada, and said securities cannot be transferred or offered for sale in the USA or Canada, or to persons living there, or for such persons’ benefit, other than in specific cases of exception, where registration is not required by the Securties Act or by the law of some Province in Canada.
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 17 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 (103 MEUR).
The installation is estimated to cover a roof surface measuring circa 3 hectare (ca.30,000 sq. m) and produce an estimated total of circa 3,030,000 kWh. By way of comparison, Sweden’s largest solar cell installation, namely, Solsiden in Varberg, has an installed effect of 2.7 MW. The customer is committed to buying all the electricity the installation produces over the course of 20 years. Parallel with this income, ASRE receives subsidy payments from the central government over that 20-year period. Investment in the installation, which continues to be owned by ASRE, amounts to approximately 23.7 MSEK (2,38 MEUR) and the installation is expected to completed during the second quarter of 2018.
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 7 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 (103 MEUR).
The cooperation agreement is exclusive with respect to electrical wholesalers and the goal is to successively expand into Rexel’s other 18 solar-energy engaged countries. Rexel will be taking Soltech products into its own warehouses on a regular basis, in order to thereafter directly distribute them to its customers, as well as to its 63 Storel and Selga stores. Initially, the partnership will be focused on SolTech ShingEl, a completely building-integrated solar cell that functions as a roof tile, perfectly suited to laying seamlessly alongside Benders’ Carisma roof tile.
Frederic Telander, CEO SolTech Energy, comments:
”We believed we would see big volume orders via Rexel. That we have now received – directly after we drew up this agreement – a big order for their own stock keeping purposes is proof that Rexel is serious about our cooperation agreement and serious about lying in the absolute forefront of the solar energy branch: A very exciting phase of SolTech’s journey has 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 November 2017, 07:00 CET.
Rexel in brief
Rexel Sverige AB is a part of the world-leading French electrical wholesale concern, Rexel Group, operating in 32 countries on four continents. In Sweden, Rexel has established a strong position with circa 700 employees, working in 62 locations and annual sales (2015) amounting to approximately 4 billion SEK (400 million EURO). With a well-developed logistical system, Rexel offers high accessibility in the Swedish market including the establishment of sales locations from Norrland to Skåne via its Selga, Storel and Moel wholesale outlets. Rexel has actively chosen to lead the way within renewable energy and environmentally friendly solutions that work to make the means and use of energy in Sweden more effective. Rexel does this within its specialized wholesale business operation, Rexel Energy Solutions. Rexel’s expertise is focused on the innovative use of modern technique for the purpose of creating “smarter” buildings and is Sweden’s biggest distributor/wholesaler within the solar energy sector.
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 cooperation agreement is exclusive with respect to electrical wholesalers and the goal is to successively expand into Rexel’s other 18 solar-energy engaged countries. Rexel will be taking Soltech products into its own warehouses on a regular basis, in order to thereafter directly distribute them to its customers, as well as to its 63 Storel and Selga stores. Initially, the partnership will be focused on SolTech ShingEl, a completely building-integrated solar cell that functions as a roof tile, perfectly suited to laying seamlessly alongside Benders’ Carisma roof tile
Mikael Bill, product director Rexel Sverige AB, comments:
“The solar energy market continues to pick up speed, and the growth of many of our solar energy customers this year has been strong. We have experienced great demand for building-integrated, and thereby, esthetic solar energy. SolTech Energy’s product portfolio contains many exciting and innovative products that are absolutely right for the times, and hold – in our view – a high level of quality. We are therefore very pleased with this contract and see great business possibilities together in Sweden.”
Frederic Telander, CEO SolTech Energy, comments:
”We are very happy with this contract, which both solves our need of distribution and, with great probability, paves the way for a steadily higher volume of sales. SolTech’s strategy is to be a material supplier and, with this contract, we reach all of Sweden’s solar-energy installation companies, electricians, as well as building and real estate companies, seeking to buy directly from a wholesaler. The realization of a “second-stage” where we can easily expand our contract to 18 countries is an enormous possibility for SolTech Energy. We have the production capacity. This contract now secures our capacity to supply and growth within the sector – and at the same time – it is a lift for the launch of SolTech ShingEl.”
For more information, please contact:
Frederic Telander, CEO SolTech Energy Tel: 08-441 88 46, email: frederic.telander@soltechenergy.com
Mikael Bill, product director Rexel Sverige AB Tel: 08 556 214 08, email: mikael.bill@rexel.se
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 2 November 2017, 07:00 CET.
Rexel in brief
Rexel Sverige AB is a part of the world-leading French electrical wholesale concern, Rexel Group, operating in 32 countries on four continents. In Sweden, Rexel has established a strong position with circa 700 employees, working in 62 locations and annual sales (2015) amounting to approximately 4 billion SEK (400 million EURO). With a well-developed logistical system, Rexel offers high accessibility in the Swedish market including the establishment of sales locations from Norrland to Skåne via its Selga, Storel and Moel wholesale outlets. Rexel has actively chosen to lead the way within renewable energy and environmentally friendly solutions that work to make the means and use of energy in Sweden more effective. Rexel does this within its specialized wholesale business operation, Rexel Energy Solutions. Rexel’s expertise is focused on the innovative use of modern technique for the purpose of creating “smarter” buildings and is Sweden’s biggest distributor/wholesaler within the solar energy sector.
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 is estimated to cover a roof surface measuring circa 3.4 hectares (34,000 square meters), which is equivalent to the area of nearly five football fields. And its annual production is estimated to total circa 3,400,000 kWh. The customer is committed to buying all the electricity the installation produces over the contract’s 20-year term. Parallel with this, ARSE receives subsidies from both the central and regional governments over these 20 years. Investment in the installation, which continues to be owned by ASRE, amounts to approximately 23.32 MSEK (2.4 MEUR), and it is expected to be completed during the second quarter of 2018.
CEO Frederic Telander comments:
Business pressure remains high in China and we are happy over having signed yet another order in our home city. In order to meet demand, we are now working hard with an array of different financing solutions that will enable us to contract even more business deals in the near term.
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 31 October 2017, 07:00 CET.
SolTech Energy AB (publ.) in brief
SolTech Energy is a Swedish solar energy company that specializes in developing and implementing esthetically attractive solutions that enable every building to produce more energy than it consumes. SolTech Energy develops its own products, which are based on research carried out at Kungliga Tekniska Högskolan (KTH- Royal Institute of Technology) and are a part of a building’s outer shell that produce hot water or electricity. 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”. Also included in the concern are its jointly owned (51%) subsidiaries Advanced SolTech Sweden AB (publ.) ASAB, and Advanced SolTech Renewable Energy, Hangzhou Inc. (ASRE), as well as its wholly owned subsidiary Wasa Rör T Mickelsson AB. The company’s Certified Advisor, with respect to its listing on Nasdaq First North, 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 (103 MEUR).