27 May 2021

The Soltech Group signs an order in China that provides approximately SEK 12.4 million during the contract period

Advanced Soltech's subsidiary in China, has signed an order with AnHui ZhongKe WeiZhi Logistics Equipment Manufacturing Co. Ltd. The order applies to the installation of a solar energy plant of 0.8 megawatts (MW), which is estimated to generate annual revenues of approximately SEK 0.62 million, or approximately SEK 12.4 million during the 20-year term of the agreements. The investment in the plant, which will be owned by Advanced Soltech's wholly owned subsidiaries in China, amounts to approximately SEK 4.5 million and construction is planned to start in the third quarter of 2021. The customer is very satisfied with the 800 KW plant they already have and therefore places this supplementary order . The project is located in WuHu, Anhui Province.

Advanced Soltech's CEO Max Metelius comments:

  • Our existing customers continue to expand their capacity with our offering. We have very good demand for our offering in Anhui Province, where we see good opportunities for continued strong growth.