Green Bond Fact Sheet

Advanced Soltech Sweden AB

Date: 25-Jul-2018

Issue date: 10-Jul-2018 Maturity date:9-Jul-2023 Tenor: 5Issuer Name

Advanced SoltechSweden AB

Amount Issued

SEK150m (USD17m)

Country of risk

SwedenCBI Database

Included

Issuer Type1

Non-FinancialCorporate

Bond TypeGreen Bond

Green Bond Framework

Link to Framework

Second party opinion

CICERO

Certification Standard

Not certified

Assurance report

N/A

Certification Verifier

N/AGreen bond rating

N/A☒ Energy☒ Solar☐ Onshore wind
☐ Offshore wind
☐ Geothermal☐ Hydro☐ Tidal☐ Biofuels☐ Bioenergy☐ District heating☐ Electricity grid

☐ Energy storage☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Buildings☐ Certified Buildings☐ HVAC systems☐ Energyperformance☐ Water performance☐ Energy storage/meters☐ Other energy related☐ Industry: components☐ Adaptation & resilience☐ Transport☐ Electric vehicles☐ Low emission
vehicles☐ Bus rapid transit☐ Passenger trains☐ Urban rail

☐ Freight rolling stock☐ Coach / public bus☐ Bicycle infrastructure☐ Energy performance☐ Transport logistics☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Water & wastewater☐ Water distribution☐ Water treatment☐ Wastewatertreatment☐ Water storage☐ Storm water mgmt
☐ Desalinisation plants☐ Erosion control☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience

Use of Proceeds☐ Waste management☐ Recycling☐ Waste prevention☐ Pollution control☐ Landfill, energy capture☐ Energy performance☐ Infrastructure☐ Waste to energy☐ Industry: components☐ Adaptation & resilience☐ Land use & agriculture☐ Afforestation/parks☐ FSC Forestry☐ FSC Cellulose &paper☐ Land remediation☐ Energy/water efficiency☐ Sustainable agriculture☐ Adaptation & resilience☐ Other☐ Adaptation &resilience☐ ICT☐ Industry: process

Issue details
ReportingCompany information

The issuer will annually report on proceed allocation and environmental impact of thefinanced/refinanced projects (CO2-equivalent mitigated) on its website and annual
newsletter.

Advanced SolTech Sweden AB is a jointly owned subsidiary of SolTech Energy
Sweden AB (51%) and SolTech’s Chinese partner, Advanced Solar Power Hangzhou
Inc (49%). SolTech is a global provider of solar energy solutions, including glass
tiles and thin film solar cells.

Firsts, records andcertifications
Proceeds description

The deal will finance new solar power stations and/or upgrades and expansions ofexisting solar projects owned and managed by Soltech’s Chinese subsidiary
Advanced SolTech Renewable Energy Hangzhou Co. Ltd. To be eligible, solar power
stations must be installed on existing buildings in areas with poor air quality due tohigh levels of greenhouse gas emissions. In the SPO, CICERO notes that, although it
goes beyond the requisites for obtaining a “dark green” shade, providingquantitative metrics of what is defined as “high” GHG emissions levels would
provide additional transparency to the eligibility criteria.

Climate Bonds view

We agree.

Underwriters

Avanza AB

Deal comments
Credit Rating

1

Pricing summary

The offer was 99% subscribed, with subscribed bonds amounting to approximately
SEK148m. (source)

Investors summary

Around 2,700 investors subscribed to the offer. (source)

Issuer categories: ABS, development bank, financial corporate, government-backed entity, loan, local government, non-financial
corporate, sovereign