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BRIEF-Advanced Soltech Signs Orders In China

reuters.com · 05/02/2022 01:32
BRIEF-Advanced Soltech Signs Orders In China

- Advanced SolTech Sweden AB (publ) ASAB.ST:

  • ADVANCED SOLTECH SIGNS ORDERS IN CHINA THAT GIVE APPROX. SEK 17 MILLION ACCORDING TO THE CONTRACT PERIOD

  • ORDER APPLIES TO INSTALLATION OF A SOLAR ENERGY PLANT OF APPROX. 1 MEGAWATT (MW) AND IS ESTIMATED TO GENERATE ANNUAL INCOME FROM ELECTRICITY SALES OF APPROX. 0.88 MSEK, OR APPROX. SEK 17.6 MILLION DURING AGREEMENT'S 20-YEAR TERM

  • INVESTMENT IN PLANT, WHICH WILL BE OWNED BY ADVANCED SOLTECH'S WHOLLY OWNED SUBSIDIARY IN CHINA, AMOUNTS TO APPROX. SEK 6.4 MILLION AND CONSTRUCTION START IS PLANNED FOR Q3 OF 2022

  • PROJECT ACHIEVES GOOD PROFITABILITY WITHOUT SUBSIDIES AND IS IN FUJIAN PROVINCE

  • ADVANCED SOLTECH'S SUBSIDIARY IN CHINA, HAS SIGNED AN ORDER WITH FUJIAN XINSHUNXING DECORATION MATERIALS CO LTD, A COMPANY IN MANUFACTURING INDUSTRY

Source text for Eikon: ID:nMFN74hbTy

Further company coverage: ASAB.ST


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