Advanced Soltech's subsidiary in China, has signed an order with Wuhu JunHua Technology Materials Co. Ltd, a company in the electronics industry. The order concerns the installation of a solar energy plant of 2.0 megawatts (MW) and is estimated to generate annual revenues of approx. 1.6 MSEK, or approx. SEK 32 million during the agreement's 20-year term. The investment in the plant, which will be owned by Advanced Soltech's wholly owned subsidiaries in China, amounts to approx. SEK 12.6 million and construction start is planned for the first quarter of 2022. The annual saving of carbon dioxide emissions is estimated at 1300 tonnes. The project achieves good profitability without any subsidies and is located in Anhui Province.
Advanced Soltech's CEO Max Metelius comments:
– We continue to build a diversified order book with profitable projects in Anhui Province.