Savosolar has signed an agreement with newHeat for the delivery of a solar power plant in France Stockholm Stock Exchange: SAVOS

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Savosolar Plc
Company announcement, inside information August 8, 2020 at 2:30 p.m. (CEST) Savosolar signs an agreement with newHeat for the delivery of a solar power plant in France

  • Solar thermal power plant for district heating of the city of Narbonne worth 850 thousand euros

Savosolar Plc (“Savosolar”) has signed an agreement with newHeat SAS for the turnkey delivery of a solar thermal field in Narbonne, France. After developing and designing the project, newHeat will own and operate the system and sell the heat to the Narbonne district heating company. Delivery works will start in August and handover will take place in early 2021. The size of the Narbonne solar power plant is approx. 3,000 m2 and the value of this contract is around 850 thousand euros. Delivery to Narbonne is the first of the won offers published by Savosolar on 11e June 2020. Negotiations on the delivery agreement of the other project published in June are continuing, and the parties aim to finalize this agreement as soon as possible.

Jari Varjotie, CEO of Savosolar: “We are very happy to continue our excellent collaboration with newHeat with the delivery of the Narbonne system. newHeat is a very active and competent large-scale solar thermal project developer in a fast-growing market, and in 2018 Savosolar delivered the Condat system to them for the production of process heat in paper mills. These projects illustrate our leadership position as the leading supplier of large solar heating systems in France and internationally.

SAVOSOLAR PLC

For more information:

Savosolar Plc
Managing Director Jari Varjotie
Phone: +358400419734
Email: [email protected]

Savosolar Plc is disclosing 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 said person on August 8, 2020 at 2:30 p.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 collectors are fitted with patented nano-coated direct flow absorbers and, with this cutting-edge technology, Savosolar helps its customers produce competitive clean energy. Savosolar’s vision is to be the premier supplier of high performance solar installations globally. The focus is on large-scale applications such as district heating, industrial heating and building systems – market segments with high potential for rapid growth. The company mainly supplies complete systems from design to installation, using the best local partners. Savosolar is known as the most innovative company in the industry and aims to remain as such. The company has sold and delivered its products to nearly 20 countries on four continents. Savosolar shares are listed on the Nasdaq First North Growth Market Sweden with the symbol SAVOS and on the Nasdaq First North Growth Market Finland with the SAVOH symbol. www.savosolar.com.

The company’s certified advisor is Augment Partners AB, [email protected], phone: +46 8-505 65172.

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