The plants are expected to generate annual revenues of approximately SEK 1.7 million from the sale of electricity, which corresponds to a total order value of approximately SEK 34 million over the 20-year term of the agreement.

The investment in the facilities amounts to approximately SEK 15.4 million and the project is planned to commence in the fourth quarter of 2025. The plants will be owned and operated by Gigasun's subsidiaries and are expected to reduce carbon dioxide emissions by approximately 2,000 tons per year. The projects are fully commercially viable without the need for government subsidies.

The solar power plants will be built in Jiang Su Province.

CEO Max Metelius comments:

“Despite a challenging market situation in China, where many players are holding back on investments and uncertainty about economic developments is significant, we see a continued strong need for stable and cost-effective energy supply. This order shows that our offering stands up well even when the market is selective and the requirements are high. The fact that the project is fully profitable without subsidies confirms the competitiveness of our model, while at the same time our facilities create climate benefits. This plant will reduce carbon dioxide emissions by around 2,000 tonnes per year”