Advanced Soltech Sweden AB raises CNY 18.2 million (SEK 27.3 million) through an 8-year sales-leaseback agreement of a newly built facility of 6 MW. The loan has a maturity of 8 years with a floating interest rate of 5.9% and the loan-to-value ratio increases by approximately 70%, compared to approximately 50% on previous financing. The company believes that it will be able to raise new financing on similar or better terms in the future.

The loan will be used to complete solar power plants in China in accordance with the communicated forecast on August 7, 2023.