SolTech Energy Sweden AB (publ)
SolTech Energy develops and sells aesthetic and building-integrated solar energy products for all forms of real estate – commercial, public and residential. The products are part of a building’s outer shell in the form of a roof or a wall with integrated solar cells for the production of electricity.
The Group also conducts operations in China where the business model consists of financing, owning and operating solar power plants on customers’ roofs and selling all the electricity that is produced. The Group also includes the subsidiaries Nyedal Solenergi and the NP Group and the jointly owned companies ASAB in Sweden and ASRE in China.
SolTech Energy Sweden AB (publ) is traded on First North at Nasdaq Stockholm under the short name SOLT and has about 15,000 shareholders. The Company’s Certified Adviser is Erik Penser Bank Telephone: +46 8 463 83 00. Email: email@example.com.
Investment in China
SolTech’s investment in China is carried out by a jointly owned company, Advanced SolTech Renewable Energy (Hangzhou) Co. Ltd (ASRE), where SolTechs partner is Advanced Solar Power Hangzhou Inc. (ASP). The business model consists of having said jointly owned company, ASRE, responsible for the financing, installation, ownership, and periodic maintenance of solar energy installations mounted on the roofs of customer-owned facilities. The customer does not pay for the installed solar energy unit, but instead undersigns a long-term, 20-25 year contract to buy all the electricity the unit produces. ASRE’s income comes from the sale of electricity to customers, in combination with various forms of subsidies per produced kWh from the authorities. Focus is now concentrated on building a backlog of orders for 2019, with the goal of obtaining by the year 2021 an installed capacity of 605 MW, which in 2022 will be set into full operation, generating current annual sales amounting up to 1000 MSEK (100 MEUR).
Solar conquers the world
The amount of energy that the earth receives from the sun over the course of an hour would be enough to cover people’s energy requirements for a whole year. The technology for capturing solar energy using solar cells was discovered as early as 1839, and has been used in space travel since the 1950s.
So, you might wonder, why aren’t all buildings and energy-hungry activities powered by solar capture technology? The reason is that, up to now, the solutions have been too expensive and inaccessible to make them financially viable.
That’s no longer the case. The problems posed by global climate change mean that we are imposing ever more stringent requirements on the ways in which we generate energy. Technological advancements, coupled with the demands of politicians, have made solar energy profitable and enabled it to grow on a broad front. Between 2010 and 2015, the price of solar energy fell by 50%.
According to the International Energy Agency (IEA), solar energy will be the biggest source of electrical power generation by 2050.