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Company Announcement, Insider information 3 December 2019 at 8.30 a.m. (CET)
Savosolar has signed a Letter of Intent with Uniper for co-operation in large scale solar heating projects
Savosolar Plc. (“Savosolar”) has signed a Letter of Intent with Uniper SE (“Uniper”) for a co-operation in large scale solar heating system deliveries for district heating and heat for industrial processes. The planned co-operation includes sales, design, delivery and, if needed, operation of the systems. Geographical focus of the co-operation is intended to be in Europe, especially in Germany, Austria and Netherlands, and suitable projects could also get searched for worldwide. The parties aim to investigate for first co-operation projects in 2020.
Jari Varjotie, CEO of Savosolar: “We are proud that Uniper has chosen Savosolar as their preferred partner. Savosolar is already by now one of the leading companies in large scale solar heating with its existing partner network, and this new co-operation is an additional sign that Savosolar has chosen the right path in its technology and business development. We look forward to the co-operation with Uniper, one of the leading companies in the energy sector. Combining Uniper’s wide energy sector know-how, financial resources and global presence with Savosolar’s solar heating experience and expertise will strengthen the possibilities to accelerate the utilization of large scale solar thermal as a clean heat source.”