Brief: Advanced Soltech Sweden Signs Two Orders In China

Gigasun AB (publ)

09/06/2022 06:34

June 9 (Reuters) - Advanced SolTech Sweden AB (publ)
 ASAB.ST :
    * SIGNS TWO ORDERS IN CHINA THAT GENERATES APPROX. SEK 20.4
MILLION DURING CONTRACT PERIOD
    * SUBSIDIARY IN CHINA, HAS SIGNED ORDERS WITH TWO COMPANIES
IN
ANHUI PROVINCE IN PLASTICS INDUSTRY
    * ORDERS CONCERN INSTALLATION OF TWO SOLAR ENERGY PLANTS OF
A
TOTAL OF APPROX. 1.15 MEGAWATTS
    * ESTIMATED TO GENERATE ANNUAL REVENUES FROM ELECTRICITY
SALES OF
APPROX. 1.02 MSEK, OR APPROX. SEK 20.4 MILLION DURING
AGREEMENTS' 20-YEAR TERM
    * INVESTMENT IN FACILITIES, WHICH WILL BE OWNED BY ADVANCED
SOLTECH'S WHOLLY OWNED SUBSIDIARIES IN CHINA, AMOUNTS TO APPROX.
SEK 7.4 MILLION AND CONSTRUCTION START IS PLANNED FOR Q3 OF 2022

Source text for Eikon:  ID:nMFN1xm12b 
Further company coverage:  ASAB.ST 

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