Part of Solarus production line in Venlo in The Netherlands. The production line is moved, and the new factory will be located in Florida, USA.
Production of flat photovoltaic thermal collectors now produced in Spain is expected to start in Florida in 2024 and thereafter the production of the new concentrating collectors is expected to start.
Solarus Renewables welcomes Magor Demeter, who started his employment 2022-12-30. Magor is an internationally experienced researcher, engineer and project entrepreneur having previously worked for MG Sustainable Engineering in Sweden, Danish Frontmatec and SC ELDEM in Romania. Magor has his bachelor's degree from VIA University College in Aarhus in Denmark and his later education from Aalborg University, likewise in Denmark.
Solarus Renewables AB and Solarus Sunpower Holding AB have signed an agreement to acquire shares in the Swedish solar energy company SolarPeak AB in Robertsfors from its current majority owner Amrox Group AB. Solarus Sunpower Holding AB acquires shares corresponding to 18% of the ownership and Solarus Renewables AB acquires shares corresponding to 16% of the ownership in SolarPeak AB and an option to acquire another 41% in 2023 and an option to acquire Solarus Sunpower Holding AB's shareholding in SolarPeak AB. SolarPeak is developing low-temperature photovoltaic thermal (PVT) collectors that will complement the high-temperature PVT collectors that the Solarus companies sells today.
The recent share issue in Solarus Renewables AB of SEK 5.55 million was subscribed to 121.8%. To avoid a concentrated ownership structure and since there might be room for a higher valuation in the next issue The Board decided to not make any over-allotment.
Solarus Renewables share issue will be over subscribed and the board will have a positive attitude towards over allotment.
News in Solarus Renewables over the last month.
The subscription period in the ongoing new issue is extended to 2022-12-12 at 1 p.m.
Settlement date when payment for subscribed shares must be received by the Company will be 2022-12-16.
The reason for the extension is due to delay of the translation of the investment memorandum into English and that negotiations are ongoing together with Solarus Sunpower Holding AB to acquire the majority in another solar energy company, which develops low-temperature photo voltaic thermal solar collectors. The other company would complement Solarus Renewables' current focus on high-temperature solar collectors well and could add value to Solarus Renewables. Solarus Renewables hopes the negotiation will be finished in early December.
Solarus Renewables welcomes Alexander Loris, who was employed with Solarus Renewables AB 2022-11-01. Alexander is an internationally experienced researcher with work experience from Switzerland, England, USA, Germany and Sweden. Alexander has experience from both industrial and academic research and in Sweden Alexander has worked for both Absolicon Solar Collector and MG Sustainable Engineering. Alexander holds a Master's degree in Mechanical Engineering from the University of Southampton.
Solarus Renewables has signed an agreement with Black River Corporate Finance to begin the journey towards a listing of Solarus Renewables shares on an appropriate MTF list. Solarus Renewable's goal is that listing should take place in Q4 2023 or Q1 2024.
Work on the establishment in Cyprus is progressing and discussions with several new potential partners are ongoing.
There has been technical problems with software recognition of the web-camera why it's been decided that not to broadcast our investor events live but rather to try to publish recordings later.
One of Solarus Renewables larger owners Etikinvest starts it's share issue today.
Subscription has been extended until 2022-10-22.
The reason is that Solarus Renewables will participate in events in Stockholm and Uppsala that are later than the former closing time.
Thursday 2022-09-27 time 18:30, Ronneby, Sweden
Ronneby Brunn, Reddvägen 2.
Aktiespararna's event Solarus Renewables, Absolicon Solar Collector och Etikinvest.
Tuesday 2022-10-11 time 17:10, Stockholm
Mötesrum, Luntmakargatan 52, 1 staircase no elevator.
Investor event with Solarus Renewables and Etikinvest
Wednesday 2022-10-12 time 17:10, Uppsala
Base 10, Stationsgatan 23
Investor event with Solarus Renewables and Etikinvest
Information on the board's decision from 2022-06-29 on a share issue summarised as follows:
• Subscription time until 2022-10-10
• Volume of issuance 925 000 share or 5 550 000 SEK
• The issue is guaranteed by undertakings and underwriting commitments covering 90,48% of the issue.
• Share price 6 SEK
• Pre-money valuation 18 432 000 SEK
• Subscription is done in units of 50 shares at 300 SEK, minimum 5 units.
• Present shareholders and private persons in EEC and Great Britain with securities account may subscribe. For legal entities a Legal Entity Identification LEI is required as well. After individual trial by the Board, other persons may be given right to subscribe as well. Pre-emption is given to present shareholders.
The Swedish Company registry Bolagsverket has registered our new name Solarus Renewables AB (publ) in place of the former Solarus Sunpower Crowd AB.
The board has appointed Martijn Wijnen to financial officer. Martijn also works for Epidemic Sound and is chief executive officer at Etikadmin A-Z AB. Martijn has a wide international experience and multiple language skills and speaks Dutch, Spanish, English and Swedish. Natrually Martijn has concerns about climate and environment. Martijn Wijnen has a bachelor's degree from IE Business School in Spain.