Soltech Group signs order in China that will generate approx. SEK 44 million during the contract period

Advanced Soltech’s subsidiary in China, has signed an order with a Japanese company, Nachi (JiangSu) Industrial Co., in SuZhou, JiangSu Province. The order concerns the installation of a solar energy plant of 2.5 megawatts (MW), which is estimated to generate annual revenues of approx. SEK 2.2 million, or approx. SEK 44 million during the agreement’s 20-year term. The investment in the facility, which will be owned by our Chinese subsidiary, amounts to approx. SEK 15.2 million and construction is scheduled to start in the second quarter of 2021.

Advanced Soltech’s CEO Max Metelius comments:

  • Our client is a Japanese company with production in China and includes the factory roof-top and a large carport covered with solar panels. The project has good profitability without any subsidies and is a good fit for our existing project portfolio. We continue to see a strong demand for our offer and take the opportunity to wish everyone a happy new Chinese New Year!

For more information

For more information, please contact:
Max Metelius, VD Advanced Soltech Sweden AB (publ) Tel: 072- 316 04 44. E-mail:
max.metelius@advancedsoltech.com or Stefan Ölander, CEO Soltech Energy Sweden AB (publ) Tel: 070-739 80 00. E-post: stefan.olander@soltechenergy.com

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 and Ljungs Sedum. 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