Company Announcement, Insider information 19 November 2021 at 1.30 p.m. (CET)
Savosolar hands over solar district heating system in Narbonne, France
Savosolar has handed over a solar thermal system for a district heating system in Narbonne, France, to newHeat SAS, who acted as the project developer, owns the plant and sells heat to the district heating network of the city of Narbonne. Savosolar delivery included the supply and installation of the collectors, the piping to the solar station and the solar station.
The delivery agreement for the Narbosol project was announced in August 2020, and including additional orders the total value of the project is approximately EUR 1,0 million. The 3 200 m2 collector field is built with Savo 15 SG collectors. The field produces an estimated 2 300 MWh per year, meaning approximately 600 tons less of CO2 emissions compared to use of natural gas.
Jari Varjotie, the CEO of Savosolar: ”The growing demand to reduce CO2 emissions and rising fossil fuel prices are encouraging district heating companies in different countries to switch to clean heat production. The Narbosol project is a good example of this trend. I am very pleased that Savosolar offering proved to be the best solution for district heating in the city of Narbonne, too. Companies and communities need clean heat, and large-scale solar heat is a competitive and long-lasting, genuinely clean option.”
For more information:
Managing Director Jari Varjotie
Phone: +358 400 419 734
Savosolar Plc discloses the information provided herein pursuant to the Market Abuse Regulation ((EU) No 596/2014, ”MAR”). The information was submitted for publication by the aforementioned person on 19 November 2021 at 1.30 p.m. (CET).
Savosolar 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, Savosolar helps its customers to produce competitive clean energy. Savosolar’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. Savosolar 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 almost 20 countries on four continents. Savosolar’s shares are listed on Nasdaq First North Growth Market Sweden with the ticker SAVOS and on Nasdaq First North Growth Market Finland with the ticker SAVOH. www.savosolar.com.
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