JOOL congratulates the SolTech Group on extensive cooperation agreement!
Mar 27, 2019
On Wednesday, SolTech Energy Sweden AB announced that its Chinese subsidiary ASRE has entered into an extensive cooperation agreement relating to the construction of 500 megawatts (MW) of solar energy capacity over five years. Fully built out, the agreement is expected to generate annual revenues of approximately SEK 465 million without any subsidies. This corresponds to an annual return on invested capital of approx. 15.8%, showing that the dependence on subsidies to achieve good profitability no longer exists for ASRE.
In January 2019, JOOL Markets AS acted as Sole Manager and Bookrunner in the green bond issue (SOLT5) for group company Advanced Soltech Sweden AB (publ) with a 4 year maturity, 9% floating coupon, quarterly payments and a maximum issue volume of SEK 1 500 million.
JOOL Markets is an independent Nordic investment bank and a leading arranger of corporate bonds for small and mid-sized companies. JOOL Markets is seated in Oslo and employs more than 70 professionals working from our offices in Oslo, Bergen, Gothenburg, Stockholm and Helsinki.