Soltech Group signs order in China that generates approx SEK 60.8 million during the contract period

Advanced Soltech’s subsidiary in China has signed an order with Wuhu Zhongji RuiJiang Automobile Co. Ltd. in Anhui Province. The order concerns the installation of a solar energy plant of 4 megawatts (MW), which is estimated to generate annual revenues of approximately SEK 3.04 million, or approximately SEK 60.8 million during the agreement’s 20-year term. The investment in the facility, which will be owned ASRE Suqian, amounts to approximately SEK 22.9 million and construction is scheduled to start in the second quarter of 2021.

– We are continuing our expansion in the Anhui Province. This is a large facility where the customer is a stable state-owned company, where we achieve good profitability without any subsidies. The new year has started very promising and we continue to see good demand for our offer