Gigasun wins 53 million Swedish krona order for Chinese solar plant

what happened

Gigasun AB's wholly owned subsidiary in China has signed an agreement with an industrial company active in lithium battery production. The deal covers installing a solar power plant of about 6 MW in Jiangxi Province. According to TradingView, the plant is expected to bring in roughly SEK 2.65 million a year from electricity sales, which adds up to a total order value of about SEK 53 million over the 20-year term.

The investment is estimated at around SEK 24 million, and the project is planned to start in the fourth quarter of 2026. Gigasun's subsidiaries will own and run the plant, which is expected to cut carbon dioxide emissions by about 2,800 tonnes a year. The company says the project is commercially viable without government subsidies.

why it matters

For Gigasun shareholders, this is another contract under a model where the customer pays nothing for installation and instead buys the power under a 20-year agreement. CEO Max Metelius says the Chinese operations are running steadily, and that the main challenge has been moving liquidity to Sweden. The company also reported reducing debt by about SEK 80 million through autumn issues. For the wider market, the news is local in scope.

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