Serneke cooperates with Göteborg Energi on Sweden's largest solar cell park

The solar park in Säve will be constructed just north of the airfield on an 11-hectare plot, roughly equivalent to a little less that 16 soccer pitches. The facility is expected to be completed in the autumn of 2018. At a total output of 5 MW, the Säve solar cell park will be Sweden’s largest, producing electricity equivalent to annual consumption by household appliances for 1,000 single-family homes. Part of the park will also be allocated to shared ownership by private individuals.

“Solar is the renewable energy source of the future. To accelerate the development of solar energy, it is extremely important that municipal companies have the courage to take such initiatives and see them through. We must work together to build a sustainable society, no one can accomplish that on their own,” says Ola Serneke, CEO of Serneke.

“Interest in solar energy has exploded in recent years and there is substantial demand for various solar cell solutions among our customers. Our venture will increase production of renewable electricity in Gothenburg, achieving a further step towards a renewable energy system. It is very pleasing to be able to invite both corporate and private customers on this journey,” says David Hellström, Marketing and Sales Director at Göteborg Energi.

Göteborg Energi has signed a 30-year leasehold agreement for the site concerned, which is part of the approximately 3 million square meters of land around Säve flygplats owned by Serneke.

“We find it highly satisfying to be able to contribute to the development of sustainable energy sources in the Säve area. We also gain good opportunities to buy sustainable energy for our own projects, including Karlstaden,” says Krister Johansson, President of Serneke Property Management, which is responsible for the development and management of the Säve area.

Serneke has also reserved additional land alongside Göteborg Energi’s solar cell park for the purpose of expanding the solar cell facility, although, in that case, under its own initiative.

“This gives us the opportunity to supply the planned development of the Säve area with sustainable energy,” concludes Krister Johansson.

For additional information, please contact:

Krister Johansson, President Serneke Property Management
Tel: +46 31 712 97 53
krister.johansson@serneke.se

Johan Live, Press Officer, Serneke Group AB
Tel: + 46 768 68 11 37
johan.live@serneke.se

Cecilia Erdalen, Press Officer, Göteborg Energi
Tel: +46 31 62 64 64
cecilia.erdalen@goteborgenergi.se

Serneke is a rapidly growing corporate group active in construction, civil engineering, project development and property management. The Group was founded in 2002 and today has income of nearly SEK 5.6 billion and nearly 1,000 employees. Through novel thinking, the Company drives development and creates more effective and more innovative solutions for responsible construction. The Company builds and develops housing, commercial buildings, industrial facilities, public buildings, roads and civil engineering projects, and other infrastructure. The Company’s customers are public and commercial clients, and operations are focused on the three metropolitan regions in Sweden, Gothenburg (Region West), Stockholm (Region East) and Malmö (Region South). Serneke has its headquarters in Gothenburg and offices in Stockholm, Malmö, Alingsås, Borås, Halmstad, Helsingborg, Jönköping, Skövde, Strömstad, Trollhättan, Uppsala, Varberg and Växjö. The Company’s Series B shares (SRNKE) have been listed on the Nasdaq Stockholm exchange since November 2016.

Further information about Serneke Group AB is available at www.serneke.group