Year-end report: Continued fast pace towards commercial contracts
In the fourth quarter Azelio signed several Memorandums of Understanding for production facilities with customers in the US, Africa and the Middle East. The MoUs relate to system installations with a combined capacity of 184 MW. Azelio’s verification project in Morocco was installed on schedule and began producing electricity at the end of the fourth quarter 2019. Verification data from the installation will be generated from the first quarter of 2020 onwards. This data is important in the work to convert MoUs into commercial orders together with customers. To prepare for