Savosolar delivered extension to solar field to Jelling Varmeværk

Savosolar PlcCompany Announcement            28 May 2019 at 2.00 p.m. (CEST) Savosolar delivered extension to solar field to Jelling VarmeværkFollowing two years successful operation of the 15,300 m2 solar field delivered in 2016, Savosolar has delivered an extension of 4,835 m2, making the...

London, 28/05/2019 (informazione.news - comunicati stampa - energia)

Savosolar Plc
Company Announcement            28 May 2019 at 2.00 p.m. (CEST)

Following two years successful operation of the 15,300 m2 solar field delivered in 2016, Savosolar has delivered an extension of 4,835 m2, making the Jelling solar thermal plant the second largest Savosolar plant, totaling 20,135 m2. The extension solar field started-up in April 2019 and following a successful operational test period, the solar thermal plant has now been handed over to Jelling Varmeværk.

The solar fraction in Jelling district heating system is expected to exceed 100 % of daily heat demand during periods of the summer season, which is covered by using the heat storages and the dry cooler, now also being part of the district heating system in Jelling. This illustrates that the value of the added solar thermal heat in spring and autumn is higher than the costs of balancing the solar heat production when there is more heat than is needed (even exceeding the heat storage capacity), as well as the capital costs for the added capacity. The yearly solar fraction is expected to exceed 25 %.

Jari Varjotie, CEO of Savosolar: "We are extremely proud of this significant delivery. Delivering the second solar thermal plant to a client is a good indication of a satisfied customer. Jelling Varmeværk will, with this extension increase the solar fraction in their heat production to even higher levels. Now also Jelling solar plant exceeds in size 20,000 m2, demonstrating that Savosolar large scale solutions are feasible for utilities everywhere."

SAVOSOLAR PLC

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

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 28 May 2019 at 2.00 p.m. (CEST).

www.savosolar.com

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