Savo-Solar's first delivery to Beijing Yuxin Solar Energy

Savo-Solar Plc                                    Company Announcement            27 March 2018 at noon (CEST) Savo-Solar's first delivery to Beijing Yuxin Solar EnergySavo-Solar has delivered the first large collectors to Beijing Yuxin Solar Energy in China. The companies are currently...

London, 27/03/2018 (informazione.news - comunicati stampa - energia)

Savo-Solar Plc                                   
Company Announcement            27 March 2018 at noon (CEST)

Savo-Solar has delivered the first large collectors to Beijing Yuxin Solar Energy in China. The companies are currently negotiating on the launch of cooperation for the Chinese markets. The few collectors ordered by Yuxin now are going to be used for development purposes and for certification tests needed in China. Yuxin will build a demonstration installation on the roof of the new head office in Beijing, and the installation is used for training of Yuxin personnel and for marketing purposes.

Savo-Solar announced in November 2017 that it had initiated negotiations with Beijin Yuxin Solar Energy Co on the cooperation concerning sales and manufacture of collectors for the Chinese market in form of eventual licensing or joint venture arrangement. In cooperation with Yuxin Savo-Solar would be in a strong position to take a remarkable share in the large solar thermal systems market in China, which is estimated to continue growing strongly.

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 27 March 2018 at noon (CEST).