Savosolar wins a call for tenders for the delivery of two solar heating systems to NewHeat in France Stockholm stock exchange: SAVOS

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Savosolar Plc
Company announcement, inside information June 11, 2020 at 8:30 am (CEST) Savosolar wins a tender for the delivery of two solar power plants to NewHeat in France

  • Solar thermal power plant for district heating in the city of Narbonne 850 thousand euros
  • Solar field on trackers for the solar heating system of the city of Pons ca. 700,000 EUR

Savosolar Plc has been selected as the preferred bidder to deliver two solar heating systems to NewHeat SAS in France. Newheat SAS will be the owner of the systems and will sell the heat to the district heating companies of Narbonne and Pons. The negotiations for the delivery contract are underway, the two parties aiming to finalize them in a few weeks. After completion of the delivery contracts, delivery of the two systems will begin in 2020. These projects will bring the number of Savosolar solar power plants in France to seven.

The size of the Narbonne solar power plant is approx. 3000 m2 and its value is 850 thousand euros. For Pons, which is very close to Bordeaux, the birthplace of NewHeat, Savosolar will supply the installed solar field, including the piping. The sensors will be installed on a one-axis tracking system following the sun, allowing maximum thermal power. The size of this field will be around 1700 m2 and the type of collector used will be Savo 15 DG (double glazing), for better performance at higher temperatures. The value of the Pons delivery for Savosolar is around 700 thousand euros.

Jari Varjotie, CEO of Savosolar: “After the delivery of the Condat system in 2018, we are very pleased to receive repeat orders from NewHeat, a developer of large-scale thermal solar projects very active and competent in France. The two systems will be connected to district heating, and we believe they will be excellent examples and references for many French cities and towns looking for sustainable heating solutions. Above all, we are happy that in Pons we will install our high performance and quality double glazed sensors on one axis Thermotrack trackers, specially adapted to Savosolar sensors, from Arcelor Mittal Projects Exosun, reproducing the solution delivered to Condat – and demonstrating the potential of this solution to produce significantly more energy from a limited area. ”

SAVOSOLAR PLC

For more information:

Savosolar Plc
Managing Director Jari Varjotie
Phone: +358 400 419 734
E-mail: [email protected]

Savosolar Plc discloses the information provided in this document in accordance with the Market Abuse Regulation ((EU) No 596/2014, “MAR”). The information was submitted for publication by the aforementioned person on June 11, 2020 at 8:30 a.m. (CEST).

About Savosolar

Savosolar with its highly efficient collectors and large-scale solar thermal systems has taken solar thermal technology to the next level. The company’s sensors are equipped with patented nanometric-coated direct-flow absorbers, and with this advanced technology, Savosolar helps customers generate competitive clean energy. Savosolar’s ​​vision is to be the world’s leading provider of high performance solar installations. The focus is on large-scale applications such as district heating, industrial heating and real estate systems – market segments with strong potential for rapid growth. The company mainly provides complete systems from design to installation, using the best local partners. Savosolar is known as the most innovative company in the sector and aims to remain as such. The company has sold and delivered its products to nearly 20 countries on four continents. Savosolar’s shares are listed on the Nasdaq First North Growth Market Sweden with the ticker SAVOS and on the Nasdaq First North Growth Market Finland with the SAVOH ticker. www.savosolar.com.

The company’s certified advisor is Augment Partners AB, [email protected], phone: +46 8-505 65 172.

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