21 April 2021

Soltech Group signs orders in China that will generate approx SEK 23.6 million during the contract period

Advanced Soltech's subsidiary in China, has signed two orders with WuHu ChiLan Intelligent Technology Co. Ltd. and Hu Xinlei Plastic Technology Co. Ltd. The orders is for the installation of two solar energy plants of 0.8 megawatts (MW) and 0.75 megawatts (MW) and are estimated to generate annual revenues of approximately SEK 1.18 million, or approximately SEK 23.6 million during the agreement's 20-year term. The investment in the facilities, which will be owned by our wholly owned subsidiary, amounts to approximately SEK 8.65 million and construction is planned to start in the second quarter of 2021.

Advanced Soltechs CEO Max Metelius comments:

-We see strong demand for renewable energy in general and our offering in particular.

About SolTech Energy Sweden AB (publ)

Soltech is a comprehensive supplier that develops, sells, installs and optimizes solar energy solutions for our customers' needs. The Group includes the subsidiaries Advanced Soltech Sweden AB (publ) where the Chinese venture is conducted, Soltech Sales & Support, NP Group, Swede Energy Power Solutions, MeraSol, Soldags, Takorama, Fasadsystem, Measol, Takrekond, Din Takläggare, Annelunds Tak, Ljungs Sedum Entreprenad, Provektor and Rams El. Soltech Energy Sweden AB (publ), is traded on the Nasdaq First North Growth Market under the short name SOLT and has approximately 60 000 shareholders. The company's Certified Adviser is Erik Penser Bank. Phone: 08-463 83 00. Email: certifiedadviser@penser.se. For more information see: www.soltechenergy.com

Soltech Group signs orders in China that will generate approx SEK 23.6 million during the contract period