Brief: Advanced Soltech Subsidiary Signs Three Orders In China
02/11/2022 06:37
Nov 2 (Reuters) - Advanced SolTech Sweden AB (publ)
ASAB.ST :
* SIGNS THREE ORDERS IN CHINA, THAT GENERATES TOTAL OF
APPROX. SEK
135 MILLION DURING CONTRACT PERIOD
* ADVANCED SOLTECH'S SUBSIDIARY IN CHINA HAS SIGNED THREE
ORDERS
WITH CHINESE INDUSTRIAL COMPANIES
* ORDERS CONCERN INSTALLATIONS OF SOLAR ENERGY FACILITIES
TOTALING
APPROX. 6.7 MW
* ORDERS ARE ESTIMATED TO PROVIDE ANNUAL REVENUE FROM
ELECTRICITY
SALES OF ABOUT 6.75 MSEK, OR ABOUT SEK 135 MILLION DURING
20-YEAR TERM OF AGREEMENT
* INVESTMENT IN FACILITIES, WHICH WILL BE OWNED BY ADVANCED
SOLTECH'S WHOLLY OWNED SUBSIDIARY IN CHINA, AMOUNTS TO ABOUT 54
MSEK
* START OF CONSTRUCTION IS PLANNED FOR Q1 OF 2023
Further company coverage: ASAB.ST
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))