Brief: Advanced Soltech Signs Orders In China
08/09/2022 06:33
Sept 8 (Reuters) - Advanced SolTech Sweden AB (publ)
ASAB.ST :
* ADVANCED SOLTECH SIGNS ORDERS IN CHINA THAT GENERATES
APPROX.
SEK 30 MILLION DURING THE CONTRACT PERIOD
* ORDER CONCERNS INSTALLATION OF A SOLAR ENERGY PLANT OF
APPROX.
2.4 MEGAWATTS (MW) AND IS ESTIMATED TO PROVIDE ANNUAL REVENUE
FROM ELECTRICITY SALES OF APPROX. 1.5 MSEK, OR APPROX. SEK 30
MILLION DURING 20-YEAR TERM OF AGREEMENT
* ADVANCED SOLTECH'S SUBSIDIARY IN CHINA, HAS SIGNED AN
ORDER WITH
FUJIAN XINSHUNXING DECORATION MATERIALS CO LTD
* INVESTMENT IN FACILITY, WHICH WILL BE OWNED BY ADVANCED
SOLTECH'S WHOLLY OWNED SUBSIDIARY IN CHINA, AMOUNTS TO APPROX.
13 MSEK AND START OF CONSTRUCTION IS PLANNED FOR Q4 OF 2022
Source text for Eikon: ID:nMFN2jlNSZ
Further company coverage: ASAB.ST
(Gdansk Newsroom)
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