Soltech Group signs an order in China that generates approx. SEK 16.4 million during the contract period

Advanced Soltech's subsidiary in China, has signed an order with KunShan Chuho Spring Co. Ltd. The order concerns the installation of a solar energy plant of 1.0 megawatts (MW), which is estimated to generate annual revenues of approximately SEK 0.82 million, or approximately SEK 16.4 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 5.6 million and construction is planned to start in the third quarter of 2021. The project achieves good profitability without any subsidies and is located in Jiangsu Province.