Savo-Solar has signed the final delivery contract with newHeat SAS

Savo-Solar Plc                                    Company Announcement            2 March 2018 at 12:30 p.m. (CET) Savo-Solar has signed the final delivery contract with newHeat SASSavo-Solar and newHeat SAS have signed a contract on the delivery of the largest solar thermal system in France...

London, 02/03/2018 (informazione.news - comunicati stampa - energia)

Savo-Solar Plc                                   
Company Announcement            2 March 2018 at 12:30 p.m. (CET)

Savo-Solar and newHeat SAS have signed a contract on the delivery of the largest solar thermal system in France. The contract value is over EUR 2 million and the delivery of the collector field is due to take place in summer 2018. The contract will take effect and project delivery will start after newHeat has received the final approvals and agreements. This is expected to happen latest by 30 April 2018.

The turnkey delivery covers the civil works, the collector field installed on a tracking system, piping, solar station including the heat exchanger, the control system and the heat delivery to the industrial process. Additionally, Savo-Solar has been awarded the operation & maintenance contract and will be responsible for the operation of the system. The solar thermal plant to be installed in Condat-sur-Vézère will be the largest one in France, with a collector area of over 4,000m . This will also be the first flat plate collector field in the world installed on a one-axis tracking system. The customer, newHeat SAS, will use the solar thermal plant to supply and sell heat to an industrial site. 

Savo-Solar was selected as the preferred bidder in a tender in June 2017, when the negotiations on the final contract started.

SAVO-SOLAR PLC

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

This company announcement contains information that Savo-Solar Plc is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication by aforementioned contact person on 2 March 2018 at 12:30 p.m. (CET).