Savo-Solar Oy: Savo-Solar wins the tender of Jelling Varmevaerk

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Savo-Solar Ltd.
Company Release                  23 June 2015 at 14:50 pm (CET)


Savo-Solar wins the tender of Jelling Varmevaerk

Savo-Solar has today received confirmation from Jelling Varmevaerk (Denmark) that Savo-Solar has won their tender and is chosen to enter a dialogue with the intention to establish a final contract. The tender concerns a new solar field project of 15,000 m2 for Jelling Vaermevaerk.

The value of the contract is approximately EUR 2 million, and the delivery of the solar collector field would take place by the end of April 2016. According to the schedule, a conditional contract would be available in July and it would be finally confirmed in November.

Jari Varjotie, Managing Director: “We are happy that Savo-Solar has – after careful evaluation by the customer -been chosen to negotiate the final contract. The market for solar district heating in Denmark is the biggest one in Europe and according to estimates the total surface area of solar thermal fields is growing fast during 2016. Winning the tender proves the competitiveness and potential our company and our products have in the district heat market both in Denmark and in other countries.”

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 (0) 8 5030 1550
E-mail: info@mangold.se


Savo-Solar in brief

Savo-Solar provides solar thermal systems for heating of buildings, industrial processes and domestic hot water. Savo-Solar’s systems are based on the verified world’s most efficient 2 m2 collector utilizing MPE-absorbers with several patents pending. The absorbers are coated with a highly selective optical nano-coating. Savo-Solar is, according to the available information, the only company able to coat ready-made, complete absorbers. Focus is on large scale industrial applications such as district heating, industrial process heating and energy renovations of large buildings. Since 2011 the company has sold and delivered its products in over 17 countries on four continents. Savo-Solar’s class A 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.

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