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2021-07-08

Soltech Group signs an order in China that generates approx. SEK 27.2 million during the contract period

Advanced Soltech's subsidiary in China, has signed an order with FuJian Chuang Long Textile Co. Ltd. The order is for the installation of a solar energy plant of 1.78 megawatts (MW), which is estimated to generate annual revenues of approx. SEK 1.36 million, or approx. SEK 27.2 million during the agreement's 20-year term. The investment in the facility, which will be owned by Advanced Soltech's wholly owned subsidiaries in China, amounts to approximately SEK 10 million and construction is scheduled to start in the third quarter of 2021. The project achieves good profitability completely without subsidies and is in Fujian Province.

Advanced Soltech's CEO Max Metelius comments:

-Our sales team continues to reap success in Fujian Province. We are experiencing a growing interest in solar energy in China from both customers and other players.

For more information


For more information, please contact:
Max Metelius, CEO 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, Ljungs Sedum Entreprenad, Provektor, Rams El and Takbyrån. Soltech Energy Sweden AB (publ), is traded on the Nasdaq First North Growth Market under the short name SOLT and has approximately 65 000 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

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Soltech Group signs an order in China that generates approx. SEK 27.2 million during the contract period

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