Gigasun signs five new orders in China that generates approx. SEK 36 million
Prenumeration
Beskrivning
| Land | Sverige |
|---|---|
| Lista | First North Stockholm |
| Sektor | Energi & Miljö |
| Industri | Energikällor |
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Gigasun's wholly-owned subsidiary in China has signed five agreements with Chinese industrial companies for the installation of solar energy plants with a total capacity of approx. 3.8 megawatts (MW) .The plants are expected to generate annual revenues of approx. SEK 1.8 million from sale of electricity, which corresponds to a total order value of approx. SEK 36 million over the 20-year term of the agreement.
The investment in the facilities amounts to approx. SEK 14.4 million and the project is planned to commence in the first quarter of 2026. The plants will be owned and operated by Gigasun's subsidiaries and are expected to reduce carbon dioxide emissions by approximately 1,400 tonnes per year. The projects are fully commercially viable without the need for government subsidies.
The solar power plants will be built in ChongQing.
CEO Max Metelius comments:
" Despite stiff competition, Gigasun continues to bring new orders in China. The Chinese market continues to present attractive opportunities for Gigasun expanding its presence to the city of ChongQing. In the past, ChongQing has not been interesting for investors in solar energy due to lower solar radiation, but with the falling costs of building solar energy plants, this area also opens up for our business model"