SolTech`s subsidiary in China receives a new order that gives SEK 110.8 million during the contract period
(WorldNews Sweden)

SolTech Energy`s joint venture in China, Advanced SolTech Renewable Energy Hangzhou Co. Ltd., ASRE, has signed an order with JiangSu RunChang Rubber Technology Co. Ltd. The words apply to the installation of a solar power plant of 6 megawatts (MW) and is expected to generate annual revenues of approximately SEK 5.54 million. During the agreement`s 20-year maturity, the accumulated revenues are estimated to amount to approximately SEK 110.8 million. Just as in the case of the two most recent transactions, ASRE receives no subsidies on delivered electricity for this...