On these pages, we provide shareholders, analysts and other interested parties with up to date financial information about the company.
Good reasons to invest in solar energy
We have long known that solar energy is the best form of renewable energy in terms of both capacity and environmental friendliness. But it is only now that technological development has made solar power commercially viable on a large scale. In addition, politicians have now instituted transnational investment support and nation subsidy programmes. Installation costs have fallen, whilst interest and capacity has increased.
Today SolTech installations in eight countries with our original product, Sigma, solar panels for our unique glass tile.
In 2013, supplemented the range of products with solar cells. Through an agreement with Advanced Solar Power Hangzhou Inc. (ASP) SolTech is an exclusive distributor of the ASP’s thin-film solar cells in Scandinavia.
In December 2014, the partnership with the ASP expanded through an agreement on the formation of a jointly owned Chinese company which is 51% owned by SolTech and 49% of ASP. In 2015 thus formed company Advanced SolTech Renewable Energy (Hangzhou) Co. Ltd. (ASRE). The aim is to work with a strong local partner to capitalize on the huge commercial opportunities that exist today in China in the solar energy field as a result of strong political incentives in this area. ASRE aims to install 605 MW by 2021. This would give an annual turnover of just over SEK 1 billion in 2022 at full network connection.
In February 2016, after a lengthy evaluation of various suppliers, Sapa Building Systems AB chose SolTech Energy as a supplier of solar cells for integration into their various aluminum products. The companies have signed an exclusive cooperation agreement for the Nordic and Baltic countries. Read more about the partnership with Sapa here.
Overall SolTech Energy in an exciting and intense phase of activities in many different markets and with good opportunities for expansion and growth.