Brief: Advanced Soltech Gets Two Orders Worth Sek 35 Mln

Gigasun AB (publ)

09/11/2023 13:48

Nov 9 (Reuters) - Advanced SolTech Sweden AB (publ)
 ASAB.ST :
    * ADVANCED SOLTECH SIGNS TWO ORDERS THAT GENRATES A TOTAL OF
SEK
35 MILLION DURING CONTRACT PERIOD
    * ORDERS ARE EXPECTED TO GENERATE ANNUAL REVENUES FROM
ELECTRICITY
SALES OF APPROX. SEK 1.75 MILLION, OR APPROX. SEK 35 MILLION
OVER 20-YEAR TERM OF AGREEMENTS
    * INVESTMENT IN FACILITIES, WHICH WILL BE OWNED BY ADVANCED
SOLTECH'S WHOLLY-OWNED SUBSIDIARY IN CHINA, AMOUNTS TO APPROX.
SEK 13.7 MILLION
    * CONSTRUCTION START IS PLANNED FOR Q1 OF 2024

Source text for Eikon:  ID:nMFN4SfWRJ 
Further company coverage:  ASAB.ST 

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