Brief: Advanced Soltech Signs Orders In China

Gigasun AB (publ)

12/05/2022 06:38

May 12 (Reuters) - Advanced SolTech Sweden AB (publ)
 ASAB.ST :
    * ADVANCED SOLTECH SIGNS ORDERS IN CHINA THAT GENERATES
APPROX.
SEK 117 MILLION DURING THE CONTRACT PERIOD
    * SUBSIDIARY IN CHINA, HAS SIGNED AN ORDER WITH ANHUI
SONGLING
ELECTRIC CO LTD, A COMPANY IN CONSUMER ELECTRONICS INDUSTRY
    * ORDER CONCERNS INSTALLATION OF A SOLAR ENERGY PLANT OF
APPROX. 6
MEGAWATTS (MW)
    * ORDER IS ESTIMATED TO GENERATE ANNUAL INCOME FROM
ELECTRICITY
SALES OF APPROX. SEK 5.85 MILLION, OR APPROX. SEK 117 MILLION
DURING AGREEMENT'S 20-YEAR TERM
    * INVESTMENT IN FACILITY, WHICH WILL BE OWNED BY ADVANCED
SOLTECH'S WHOLLY OWNED SUBSIDIARY IN CHINA, AMOUNTS TO APPROX.
SEK 40 MILLION
    * CONSTRUCTION START IS PLANNED FOR Q3 OF 2022

Source text for Eikon:  ID:nMFN7dRkBs 
Further company coverage:  ASAB.ST 

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