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Outlook

Sunny times in Sweden

The Swedish Solar Energy Association’s recently published forecast shows that 2024 is expected to be the second best solar energy year so far. In 2024, about 65,000 new solar installations are expected in Sweden, according to a new forecast from the Swedish Solar Energy Association.

With over 2,000 MWp in potential solar park projects, approximately 1,000 employees and a turnover of close to SEK 3 billion, Soltech would strengthen its position as one of the Nordic region’s leading solar energy companies, the company announced. The Group would now focus on building continued profitable subsidiaries and long-term shareholder value.

See also: Sweden - IBC Solar restructures its business

Despite the challenging macroeconomic situation, the Group has a positive outlook for 2024 and the coming years. The transformation of traditional companies into solar companies continues and a strategic review of the ownership in Gigasun (formerly Advanded Soltech) would being conducted, the company announced.(hcn)