Advanced Soltech has been granted a 1-year, revolving, unsecured loan, with China Merchant Bank of CNY 20 million (SEK 30 million) with a fixed interest rate of 3.9%. The loan will be used to complete solar power plants in China.
Max Metelius, CEO Advanced Soltech, comments:
With our new financing structure, we can raise loans in China with significantly lower interest rates and better terms than before. This is part of the loans we raise to complete solar power plants, which we communicated in our forecast published on August 7.