Soltech
We develop, sell, install and improve everything from roofs and façades with fully integrated solar cells to charging posts and batteries. By being accountable for the entire value chain – from development to installation. But our challenge far transcends national borders. Hoping to have the greatest impact on climate, we have expanded to the place where the problem is greatest — China.
Here we are helping the country’s factories replace traditional energy sources with renewable energy.Soltech Energy’s investment in China is conducted in Advanced Soltech Renewable Energy (Hangzhou) Co. Ltd., ASRE, its wholly owned local subsidiaries and Longrui Solar Energy (Suqian) Co. Ltd. The business model consists of financing, installing, owning and managing solar energy installations on customers’ roofs in China. The customer does not pay for the plant, but instead undertakes to purchase the electricity that the plant produces during a 20-year agreement.
Ongoing revenue comes from the sale of electricity to customers and from various forms of grants per produced kilowatt-hour (kWh) of solar electricity. The goal is to have an installed capacity of 1000 megawatts (MW) in 2023, which is fully connected to the electricity grid in 2024. Soltech has high goals and will achieve these to a large extent through an aggressive acquisition strategy that will take the Company out into the Nordic region and eventually also into Europe. Soltech will focus on companies within solar energy as well as roofing, façade, battery / charging and electricity industries as well as companies with smart energy solutions for control and steering.
- Listing ID: 13185