Milestones in delivery contract with Grenaa Varmevaerk achieved according to schedule

Savosolar PlcCompany Announcement                   7 November 2018 at 1.30 p.m. (CET) Milestones in delivery contract with Grenaa Varmevaerk achieved according to scheduleAs earlier informed, Savosolar Plc ("Savosolar" or the "Company") is doing a turnkey delivery of a solar thermal system...

London, 07/11/2018 (informazione.news - comunicati stampa - energia)

Savosolar Plc
Company Announcement                   7 November 2018 at 1.30 p.m. (CET)

As earlier informed, Savosolar Plc ("Savosolar" or the "Company") is doing a turnkey delivery of a solar thermal system to Grenaa Varmevaerk A.m.b.a. in Denmark. Project is advancing well and by end of this week 50% of the collectors will be mounted. Savosolar has passed two more payment milestones; starting the mounting of the collectors and starting installations at the technical building. With these milestones Savosolar has so far received 50% of the contract value (contract value approximately EUR 3.5 million) as payments from the customer. Hand-over is still planned to take place at the end of February 2019

SAVOSOLAR PLC.

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

This company announcement contains information that Savosolar Plc is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication by aforementioned contact person on 7 November 2018 at 1.30 p.m. (CET).

www.savosolar.com