Savo-Solar Plc                                   
Company Announcement            27 March 2018 at 10:40 a.m. (CEST)

Oulun Seudun Sähkö orders the biggest solar thermal system in Finland

Savo-Solar Plc has received from Oulun Seudun Sähkö (energy company of Oulu Region) an order for a solar thermal system. When completed, the system with a collector area of more than 350 square metres in Ankkurilahti, Liminka will be the biggest solar collector field in Finland. The delivery will be a turn-key installation, which in addition to the actual collector field also consists of water storages, automation system and other technical components installed inside the plant, as well as of the integration to existing district heating network. The installation area is located less than 200 kilometres from the Polar Circle, and this is a proof of the fact that it is possible to construct profitable solar thermal solutions also in the very north. The delivery is due to take place during summer 2018.

Savo-Solar further delivers to Energi-Center Nordic in Stockholm solar collectors of a total of 134 square metres for a solar thermal field which will be constructed on the rooftop. The delivery is estimated to take place in April 2018.

The total value of the deliveries is approximately EUR 200,000.

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 27 March 2018 at 10:40 a.m. (CET).

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.