Savo-Solar delivers collector field to solar thermal project in Søllested

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Savo-Solar Ltd.
Company Announcement                  1 March 2016 at 8:00 am (CET)


Savo-Solar delivers collector field to solar thermal project in Søllested

Savo-Solar will deliver a solar collector field to the district heating plant in Søllested, Denmark. The collector field will be installed during May-August this year. The value of Savo-Solar’s delivery is approximately EUR 0.7 million. Søllested district heating plant is owned by the Danish energy company Lolland Varme A/S, which is part of Lolland Forsyning A/S.

The delivery is part of the co-operation between Savo-Solar and Dansk Energi Service (DES). The companies launched a co-operation agreement in 2015, covering the sales and development of full turn-key solar thermal installations in Denmark. Dansk Energi Service offers energy solutions and maintenance services, primarily for district heating, and is one of the major players in this field in Denmark.

Managing Director Jari Varjotie: “The installation in Søllested is strong proof of the mutual benefits of the co-operation agreement between Savo-Solar and Dansk Energi Service. An increasing number of energy companies want to source their equipment based on turn-key deliveries, allowing them to get the entire system from one single supplier. The products and technologies of Savo-Solar and Dansk Energi Service are complementing each other and the companies can in co-operation offer complete solutions in solar thermal with a stronger competitive edge.”

SAVO-SOLAR LTD

Jari Varjotie
Managing Director

For more information:

Savo-Solar Ltd.
Managing Director Jari Varjotie
Phone: +358 400 419 734
E-mail: jari.varjotie@savosolar.fi

Ingrid Östhols, communication
Phone: +46 721 810 867
E-mail: ingrid.osthols@savosolar.se

Certified Adviser
Mangold Fondkommission AB
Phone: +46 (8) 5030 1550
E-mail: info@mangold.se


Savo-Solar in brief
Savo-Solar 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 equipped with the patented nano-coated direct flow absorbers, and with this leading technology, Savo-Solar helps its customers to produce competitive clean energy. Savo-Solar’s vision is to be the first-choice supplier to high performance solar installations on a global scale. Focus is on large-scale applications like district heating, industrial process heating and real estate systems – market segments with a big potential for rapid growth. The company primarily delivers complete systems from design to installation, using the best local partners. Savo-Solar is known as the most innovative company in the business, and aims to stay as such. The company has sold and delivered its products to 17 countries on four continents. Savo-Solar’s shares are listed on Nasdaq First North Sweden with the ticker SAVOS and on Nasdaq First North Finland with the ticker SAVOH. www.savosolar.fi.

The Company’s Certified Adviser is Mangold Fondkommission AB.

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