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26th of March 2019
Date created

Azelio extends agreement with partner in China

Azelio and its Chinese partner, Datang Holdings New Energy Technologies, are extending their agreement which includes deliveries of products to a planned solar park in China.

"China has big ambitions for solar power with energy storage. The renewed contract with Datang Holdings New Energy Technologies is a clear acknowledgment that we have an attractive solution for the Chinese market.”
– Jonas Eklind, CEO at Azelio.

The renewable energy sector is growing fast in China, with an overall target of 10 GW of installed solar power with storage by 2030. Azelio is established in China with an office managing the Chinese partnership and projects.

Extended agreement with Chinese partner

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12th of November 2019

Video interview with CEO Jonas Eklind

Azelio recently announced a rights issue that will amount to a maximum of SEK 350 million. CEO Jonas Eklind talks to Redeye’s analyst about what the funding will be used for, opportunities he sees in the market and a bit about the projects the company is working on. (in Swedish)

12th of November 2019

IAE highlights Africa’s role in shaping global energy trends

The International Energy Agency (IEA) highlights Africa’s role in shaping global energy trends in its Africa Energy Outlook 2019, https://www.iea.org/africa2019/. The report concludes that Africa in 2040 could meet the energy demands of an economy four times larger than today’s with only 50% more energy. Better access to energy will be key in achieving growth but it requires investments. If policy makers put a strong emphasis on clean energy technologies solar PV could become the continent’s largest electricity source in terms of installed capacity by 2040.