Savosolar’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.
The warrants have been secured to between 100 and 200 per cent, depending on the subscription price, totalling EUR 3.5 million in proceeds. Through this funding arrangement Savosolar will further improve its position in providing turn-key solutions for harvesting solar thermal in large scale for district heating and industrial process heating segments, by increasing its financial capacity to execute possible new projects, to be delivered in 2020 and onwards.
Augment is acting financial advisor to Savosolar in connection with the transaction.