Brief: Advanced SolTech Signs Orders In China
08/06/2022 07:01
June 8 (Reuters) - Advanced SolTech Sweden AB (publ)
ASAB.ST :
* ADVANCED SOLTECH SIGNS ORDERS IN CHINA THAT GENERATES
APPROX.
SEK 62 MILLION DURING THE CONTRACT PERIOD
* ORDER APPLIES TO INSTALLATION OF A SOLAR ENERGY PLANT OF
APPROX.
3.5 MEGAWATTS (MW) AND IS ESTIMATED TO GENERATE ANNUAL INCOME
FROM ELECTRICITY SALES OF APPROX. 3.1 MSEK, OR APPROX. SEK 62
MILLION DURING AGREEMENT'S 20-YEAR TERM
* INVESTMENT IN PLANT, WHICH WILL BE OWNED BY ADVANCED
SOLTECH'S
WHOLLY OWNED SUBSIDIARIES IN CHINA, AMOUNTS TO APPROX. SEK 22.8
MILLION AND CONSTRUCTION START IS PLANNED FOR Q3 OF 2022
* PROJECT ACHIEVES GOOD PROFITABILITY WITHOUT SUBSIDIES AND
IS IN
JIANGSU PROVINCE.
Source text for Eikon: ID:nMFN3fQ1xy
Further company coverage: ASAB.ST
(Gdansk Newsroom)
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