Bifogade filer
Gigasun signs two orders in China that generates approx. SEK 113 million during the contract period .
Prenumeration
Beskrivning
| Land | Sverige |
|---|---|
| Lista | First North Stockholm |
| Sektor | Energi & Miljö |
| Industri | Energikällor |
Gigasun's Chinese subsidiary has signed two agreements with two different manufacturing companies in Hubei and Anhui province. The agreement covers the installation of two solar power plants with a combined capacity of approximately 11.2 megawatts (MW). The solar power plants is expected to generate annual revenues of approximately SEK 5.65 million from electricity sales, which amounts to a total of approximately SEK 113 million during the 20-year contract period.
The investment in the facilities, which will be owned by Gigasun's wholly-owned subsidiary in China, amounts to approximately SEK 48.8 million. Construction is scheduled to start in the first quarter of 2025. The plant is estimated to reduce carbon dioxide emissions by about 5,700 tonnes annually.
The project is profitable without any subsidies and will be financed for the most part with new loans in China.
Max Metelius, CEO of Gigasun, comments:
"The new orders adds two more great projects to our portfolio. At the end of 2024 Gigasun has a portfolio of a total of 332 MW of electricity-producing roof-top solar power plants and more than 30 MW currently under construction."