Swedish solar technology firm Savosolar Oyj has signed a partnership agreement with Chinese company Jiangsu Holly. Jiangsu Holly will sell and deliver solar thermal systems in China using Savosolar's products. Savosolar will provide the leading technology within solar thermal and bring know-how of large solar thermal system design, delivery and operation.
Entering this agreement, Savosolar will establish its presence in China. The current CFO, Raul Ikonen will enter the position of Savosolar's Country manager in China. He will be based in Shanghai and will from there work to implement Savosolar's China strategy. Savosolar will also establish an entity in China and initiating the partnership with Jiangsu Holly will be Raul's main objective. Savosolar has already started the recruitment process to find a new CFO to replace Mr. Ikonen, as he will enter the new position in May.
With these steps Savosolar aims to capture its share of the vast, fast growing Chinese renewable energy market and to develop its industry leading technology as a preferred choice and brand for customers in China.
"This is a great milestone in our strategic plans, and we are extremely happy and proud that Jiangsu Holly has chosen us as their partner. We have been systematically working towards this goal already for some time. We met Jiangsu Holly for the first time almost a year ago and shared positive feeling about a potential cooperation between us. With previous experience working with international companies, Jiangsu Holly possesses motivation and resources to build up required operations fast. They have already established a team for Savosolar's business. More importantly, Jiangsu Holly has extremely good connections throughout China and especially in their home province Jiangsu, which will prove an asset when tapping into potential projects and acquiring customers."
"The Chinese government is pushing hard to reduce emissions, and by joining forces with Jiangsu Holly, we are contributing to these efforts in China. It is also great to have Raul in China to build Savosolar's presence in the region. He has over a decade of experience in leading positions in China and has already thorough understanding of Savosolar and our products. His input will certainly provide important insight and excellent support for us and Jiangsu Holly to successfully initiate the partnership to sell and deliver the leading technology in large scale solar thermal sector in China," said Jari Varjotie, CEO of Savosolar.
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