Brief: Advanced Soltech Enters Strategic Agreement With ZhuoLu Local Government
24/10/2022 08:46
Oct 24 (Reuters) - Advanced SolTech Sweden AB (publ)
ASAB.ST :
* ADVANCED SOLTECH ENTERS INTO A STRATEGIC AGREEMENT
REGARDING 300
MW OF ROOF-TOP BASED SOLAR FACILITIES UNTIL 2024, WHICH FULLY
DEVELOPED WILL GENERATE AN ESTIMATED ANNUAL REVENUE OF SEK 260
MILLION
* AGREEMENT MEANS THAT CITY ALLOCATES CONSTRUCTION
OPPORTUNITIES
FOR ROOF-TOP BASED SOLAR ENERGY FACILITIES WITH GOAL OF BUILDING
300 MW OF NEW SOLAR ENERGY CAPACITY BEFORE END OF 2024
* WHEN FULLY DEVELOPED, IT MEANS INVESTMENTS OF ABOUT SEK 2
BILLION, AN ESTIMATED ANNUAL REVENUE OF APPROX. SEK 260 MILLION
* FOR ADVANCED SOLTECH, EXPANSION IN ZHANGJIAKOU MEANS LOWER
RISK
IN BUSINESS THROUGH FURTHER GEOGRAPHICAL DIVERSIFICATION
Source text for Eikon: ID:nMFNpf3hC
Further company coverage: ASAB.ST
(Gdansk Newsroom)
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