SolTech Energy receives additional order from Paradoumo Group of SEK 1.3 million

The Paradoumo Group complements its previous order from spring 2018, from 7 to 28 houses. Paradoumo has created a unique concept with SolTech’s building integrated solar energy products in symbiosis with modern architecture and a free electric car from Volkswagen. All in order to create maximum environment and customer benefit.

The Paradoumo Group aims to create residential areas that are safe and pleasant and also economically and environmentally sustainable. At Glasberga Sjöterrass in Södertälje, the first stage is now being built with 7 unique lake villas and 21 townhouses. Thanks to the roof’s integrated solar cell solution from SolTech, electricity is generated without compromising on function or aesthetics. The first 7 villas receive SolTech ShingEl and the next 21 townhouses will receive SolTech’s new product RooF, which is installed and works in the same way as ShingEl but is twice as large.

Paradoumo Group CEO Sargon Kerimo in a
– We have chosen to develop an area for the future family that wants to live sustainably. The solar cell roof creates the opportunity to utilize solar energy while reducing the electricity costs for the housing. According to a calculation from our supplier SolTech, a saving of 20% of the electricity costs per year is made for a family consisting of four people. We want to strengthen the importance of this by having a Volkswagen E-Up electric car waiting for free use for one year on the houses drive way. Now we are expanding the order from 7 to 28 houses.

SolTech Energy’s CEO Stefan Ölander in a comment:
– SolTech sees an increased interest in aesthetic solar energy and our products ShingEl and RooF are perfect for this trend. We are very pleased with this additional order, which is a good example of how a creative packaging of villa-solar energy-electric car can look ahead. The Paradoumo Group is at the forefront and we are proud to be a part of the project which now represents a total order value of SEK 1.8 million compared to SEK 0.5 million before.

For more information, please contact: Stefan Ölander, CEO SolTech Energy Tel; 070 739 80 00. Mail: stefan.olander@soltechenergy.com Marie Strand, Marketing Manager Paradoumo Gruppen: 072-021 72 27 Mail: marie.strand@paradoumo.se

About SolTech Energy
SolTech Energy develops and sells aesthetic and building-integrated solar energy products for all types 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 approximately 15,000 shareholders. The company’s Certified Adviser is Erik Penser Bank Telephone: +46 8 463 83 00. Email: certifiedadviser@penser.se. More info at: www.soltechenergy.com

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