Advanced Soltech's subsidiary in China, has signed an order with the Japanese company, Nachi (JiangSu) Industrial Co., in SuZhou, JiangSu Province. The order concerns the installation of a solar energy plant of 2.5 megawatts (MW), which is estimated to generate annual revenues of apx. SEK 2.2 million, or apx. SEK 44 million during the agreement's 20-year term. The investment in the facility, which will be owned by our Chinese subsidiary, amounts to approximately SEK 15.2 million and construction is scheduled to start in the second quarter of 2021.
Advanced Soltech’s CEO Max Metelius comments:
-Our client is a Japanese company with production in China and includes the factory roof-top and a large carport covered with solar panels. The project has good profitability without any subsidies and is a good fit for our existing project portfolio. We continue to see a strong demand for our offer and take the opportunity to wish everyone a happy new Chinese New Year!