Savo-Solar to start sales and marketing of turn-key deliveries in Australia

Savo-Solar Plc                                    Company Announcement            19 March 2018 at 8:00 a.m. (CET)Savo-Solar to start sales and marketing of turn-key deliveries in AustraliaSavo-Solar has signed a cooperation agreement with Geoflow Australia Pty Ltd concerning the sales...

London, 19/03/2018 (informazione.news - comunicati stampa - energia)

Savo-Solar Plc                                   
Company Announcement            19 March 2018 at 8:00 a.m. (CET)

Savo-Solar has signed a cooperation agreement with Geoflow Australia Pty Ltd concerning the sales and marketing of solar thermal fields and turn-key solutions for utilizing solar thermal energy in the region Australia and New Zealand.  According to the cooperation agreement, the companies are focusing on large-scale solar thermal installations and their marketing is done under the brand Savosolar Australia. Geoflow acts as the local partner for Savo-Solar and is in charge of turn-key system deliveries to customers in the region. Savo-Solar is supplying the equipment and participates also in projects when necessary. 

Geoflow is a design and installation company offering renewable large-scale heating and cooling solutions in Australia. Geoflow has the highest skills in design and combining different sources of renewable energy including geothermal heating and cooling. Geoflow is the only company in Australia to have Certified Geothermal Designer and with the recent design of a 10,000m solar thermal collector system combined with geothermal heating in Australia, Geoflow is becoming the leading company in large-scale solar thermal solutions in the region.

Dr Amir Valizadeh Kivi, Managing Director of Geoflow Australia Pty Ltd: Australia has energy prices as high as Denmark, while having twice the solar irradiation compared to Northern Europe. Combine this with ambitious government targets for renewable energy, and Australia is a heaven for solar thermal systems. With Australia's recent gas price hike, there is a huge potential for solar thermal systems to replace existing low-efficiency gas heaters in the industrial and horticulture heating sectors. Geoflow is now offering turn-key solutions for large-scale solar thermal systems, and with the current energy market in Australia there is a huge potential for rapid growth of projects for large-scale heating and cooling.

Jari Varjotie, Managing Director of Savo-Solar Plc: "Geoflow is known as an active and highly competent supplier of heating systems in Australia.  We are extremely happy to enter into cooperation with them, and the start has already been very promising. I am confident that with our advanced technology and competences, we are together able to offer efficient and beneficial solutions to energy users in Australia and New Zealand. "

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 19 March 2018 at 8:00 a.m. (CET).