Savo-Solar Plc                                   
Company Announcement            29 June 2017 at 4:45 p.m. (CEST)

Savo-Solar is selected as the preferred bidder in a tender for a turnkey delivery in France

Savo-Solar is selected as the preferred bidder in a tender for the delivery of a solar thermal plant to the company newHeat SAS, in France. Savo-Solar is now entering into final negotiations in order to reach a detailed agreement with newHeat. The mutual target of newHeat and Savo-Solar is to finalise the contract in September and do the delivery and installation of the system before spring 2018.

The tender value is approximately EUR 1.4-1.7 million depending on the final size of the field. The turnkey delivery covers the collector field installed on a tracking system, the piping, the solar heat transfer unit, the control system and the operation & maintenance contract. The solar thermal plant will be the largest one in France, with a collector area of around 4,000m². This will also be the first flat plate collector field in the world installed onto a tracking system. The customer newHeat will use this solar thermal plant to supply and sell heat to an industrial site in France.  

The market for large solar thermal plants in France is growing fast. This is the second project in France within a short period of time, for which Savo-Solar has been chosen to negotiate the delivery contract,  displaying the competitive edge of Savo-Solar's solutions.

SAVO-SOLAR PLC

For more information:

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 29 June 2017 at 4:45 p.m. (CEST).

Savo-Solar in brief

Savo-Solar with its highly efficient collectors and large-scale solar thermal systems has taken solar thermal technology to the next level. The company's collectors are equipped with the patented nano-coated direct flow absorbers, and with this leading technology, Savo-Solar helps its customers to produce competitive clean energy. Savo-Solar's vision is to be the first-choice supplier to high performance solar installations on a global scale. Focus is on large-scale applications like district heating, industrial process heating and real estate systems - market segments with a big potential for rapid growth. The company primarily delivers complete systems from design to installation, using the best local partners. Savo-Solar is known as the most innovative company in the business, and aims to stay as such. The company has sold and delivered its products to 17 countries on four continents. Savo-Solar's shares are listed on Nasdaq First North Sweden with the ticker SAVOS and on Nasdaq First North Finland with the ticker SAVOH. www.savosolar.com.

The company's Certified Adviser is Augment Partners AB, phone: +46 8-505 65 172.