Our Business Model


Advanced Soltech’s business model is to finance, install, own and continuously manage solar energy solutions on the roofs of our clients; mainly medium-sized and large private public companies, state-owned companies and organisations such as universities. The client does not pay for the solar facilities but commits on 20-year contracts to buying all the electricity that their respective installation generates.

Ongoing revenue comes from the sales of electricity to our clients. Our strategy is to build an order book aiming at an installed capacity of 1,000 MW by 2023 and that is fully connected to the power grid by 2024. The exact annual rate of installation depends on the availability of capital.

Solid contracts with the clients provide long-term and stable cash flows while ensuring the company’s ownership of the facilities.

Our clients in China, our investors and Advanced Soltech itself all benefit from this business model, as does the environment.

Swedish-Chinese partnership and co-ownership


The owners of Advanced Soltech, SolTech Energy Sweden AB (publ) and Advanced Solar Power Hangzhou Inc., have approximately. 52 per cent share and 49 per cent share respectively in the company.

Advanced Solar Power Hangzhou Inc. was founded in 2008 by Ben Wu and his father, Professor Xuanzhi Wu. The company is a world leader in thin film solar cells and has a fully automated plant in Hangzhou in China with an annual production capacity of approximately 80 MW. It is, to date, the only company in the world able to produce semi-transparent CdTe thin film solar cells.

Advanced Solar Power Hangzhou has an extensive portfolio of patents and new patents are filed on an ongoing basis. The company is owned by the Wu family, the employees and a number of institutional investors such as Legend Capital, North Light Venture Capital, Morningside Venture Capital and Sequoia Capital.

Advanced Soltech raises capital in order to invest in solar energy facilities in China. This is mainly achieved by issuing green bonds but also by issuing shares to institutional investors and private investors.

Advanced Soltech owns 100 per cent of the shares in Advanced SolTech Renewable Energy, the sales and project company that runs day-to-day operations in China. In addition to this, Advanced Soltech also owns 100 per cent of the shares in Longrui Solar Energy, which is a holding company that was established when Advanced Soltech received a framework agreement to build 500 MW of solar electricity in the Jiangsu province.

For additional information about SolTech Energy Sweden AB (publ) please visit soltechenergy.com and for more information about Advanced Solar Power Hangzhou Inc. please visit advsolarpower.com