Advanced Soltech Sweden AB (publ) signed two orders. A project with HuBei ChengHang Glass Co Ltd. and a new project with the already existing customer HangZhou Nbond nonwovens Co Ltd. The orders are for the installation of two solar energy plants totaling approximately 2.4 megawatts (MW) and are expected to generate annual revenues from electricity sales of approx. SEK 1.75 million, or approx.

SEK 35 million over the 20-year term of the agreements. The investment in the facilities, which will be owned by Advanced Soltech's wholly-owned subsidiary in China, amounts to approx. SEK 13.7 million and construction start is planned for the first quarter of 2024.

The annual savings in carbon dioxide emissions are estimated at 1,400 tonnes. The projects are located in Hubei and Zhejiang provinces.