Company: Savosolar Plc

Transaction: Rights issue

Issue volume: 55.0 MSEK

Date: November 2021

Savosolar 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, optically high-quality coated direct flow absorbers, and with this leading technology, Savosolar helps its customers to produce competitive clean energy. Savosolar’s vision is to be the first-choice supplier to high performance solar installations on a global scale. The company focuses on large solar heat collectors as well as heating systems in excess of 1,000 m2 in district heat generation and industrial process heating – the market segments with a big potential for rapid growth. The company primarily delivers complete systems from design to installation, using the best local partners. Savosolar is known as the most innovative company in the business and aims to stay as such.

The funding arrangement was completed in order to meet the company’s working capital needs and increase its financial capacity to deliver signed and future orders and increase its ability to meet the growing market demand for large solar thermal systems in both industrial processes and district heating segments.

Augment acted as financial advisor in the rights issue.