Advanced Soltech signs an order in China for that generates approx. SEK 11.7 million during the contract period
Advanced Soltech's subsidiary in China, has signed an order with JingDeZheng YiShan Ceramics Co. Ltd. for an installation of a solar energy plant of 0.9 megawatts (MW) which is estimated to generate annual revenues of SEK 0.585 million, or approx. SEK 11.7 million under the 20-year agreement. The investment in the facility, which will be owned by Advanced Soltech's wholly owned subsidiary in China, amounts to approximately SEK 4.82 million and construction is planned to start in the third quarter of 2021. The customer is very satisfied with the 2 MW plant they already have and places this follow-up order. The project is in the JiangXi province.
Advanced Soltech's CEO Max Metelius comments:
-We continue to receive follow-up orders with existing customers, which confirms confidence in Advanced Soltech and that our customers are very satisfied with our service.