Savosolar Plc
Company Announcement            10 May 2019 at 1.40 p.m. (CEST)

Savosolar delivered World's 1st solar thermal plant with flat-plate collectors on tracker for NewHeat in Condat, France

Started-up in in January 2019 and following a successful operational test period, the 3.3 MW solar thermal plant in Condat-sur-Vézère, France, has been handed-over to NewHeat SAS.

This solar thermal plant, the largest in Europe for industrial process, will deliver on average 4,000 MWh/year of heat. It will cover 32% of the heated water need for the steam generation in the local paper mill. With the very high solar yield - more than 1,000 kWh/m2 -  this solar thermal field is the first of its kind in the world due to Savosolar high efficiency solar collectors installed on a single-axis tracking system. 66 tilting structures, each carrying four 16 m2 collectors, follow the sun from morning to evening and maximize the heat production.

Jari Varjotie, CEO of Savosolar: "We are extremely proud of this significant delivery. It is at the same time the largest solar thermal system in France and the largest solar thermal industrial process heat system in Europe. It highlights how valuable utility scale solar heat is in both district heating and industrial process heat. This project is also an excellent example of the Savosolar partnering strategy. The project was developed and financed by NewHeat and Savosolar acted as the EPC contractor. Meaning, we designed the whole system, delivered the solar collectors, and realized the installation with local French companies. With our experience and network we are ready to address the huge growing market of heat-as-a-service for industrial clients in France and world-wide."

SAVOSOLAR PLC

For more information:

Savosolar Plc
Managing Director Jari Varjotie
Phone: +358 400 419 734
E-mail: jari.varjotie@savosolar.com

Savosolar Plc discloses the information provided herein pursuant to the Market Abuse Regulation ((EU) No 596/2014, "MAR"). The information was submitted for publication by the aforementioned person on 10 May 2019 at 1.40 p.m. (CEST).

About Savosolar

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 nano-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. 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. Savosolar is known as the most innovative company in the business and aims to stay as such. The company has sold and delivered its products to 17 countries on four continents. Savosolar's shares are listed on Nasdaq First North Sweden with the ticker SAVOS and on Nasdaq First North Finland with the ticker SAVOH. www.savosolar.com.

The company's Certified Adviser is Augment Partners AB, info@augment.se, phone: +46 8-505 65 172.