Brief: Advanced SolTech Signs Order In China

Gigasun AB (publ)

28/06/2022 06:34

June 28 (Reuters) - Advanced SolTech Sweden AB (publ)
 ASAB.ST :
    * ADVANCED SOLTECH SIGNS ORDER IN CHINA THAT GENERATES
APPROX. SEK
134 MILLION DURING THE CONTRACT PERIOD
    * SUBSIDIARY IN CHINA, HAS SIGNED AN ORDER WITH CHUZHOU
GUANHUI
NEW MATERIAL CO., LTD
    * ORDER CONCERNS INSTALLATION OF A SOLAR ENERGY PLANT OF
APPROX. 8
MEGAWATTS (MW) AND IS ESTIMATED TO GENERATE ANNUAL INCOME FROM
ELECTRICITY SALES OF APPROX. SEK 6.7 MILLION, OR APPROX. SEK 134
MILLION DURING AGREEMENT'S 20-YEAR TERM
    * INVESTMENT IN FACILITIES, WHICH WILL BE OWNED BY ADVANCED
SOLTECH'S WHOLLY OWNED SUBSIDIARY IN CHINA, AMOUNTS TO APPROX.
SEK 53 MILLIO
    * CONSTRUCTION START IS PLANNED FOR Q3 OF 2022

Source text for Eikon:  ID:nMFNhlyWk 
Further company coverage:  ASAB.ST 

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