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Savosolar Savosolar Plc Half year report 19 August 2021 at 8.30 ( CEST ) Savosolar Plc's half - year report for January - June 2021 Key figures and significant events in January - June 2021 Savosolar's revenue in January - June stood at EUR 1.6 million ( January - June 2020 : EUR 2.0 million ) . • Operating result ( EBIT ) amounted to EUR -2.2 million ( EUR -1.7 million ) . • Net result for the period totalled EUR -2.3 million ( EUR -2.6 million ) . • Earnings per share were EUR -0.058 ( EUR -0.128 ) . • Order backlog as at 30 June 2021 was EUR 1.1 million ( EUR 2.9 million ) . Handover of the company's largest solar thermal system to date to Kyotherm Solar in France . Savosolar's CEO Jari Varjotie : " Our most significant event in the first half of the year was the handover of the largest solar thermal plant in France to date to Kyotherm Solar in June . It has been in operation since January , the 10 MW plant produces heat to the malt drying process at Malteries Franco Suisse's factory in Issoudun . The use of solar heat reduces the use of gas , saving approximately 2,100 tonnes in CO2 emissions per year with no increase in energy costs . Despite the hand over in France , our revenue and operating result for January - June fell short of the corresponding period of the previous year . This was partly due to the postponement of investment decisions during the Covid pandemic in the autumn of 2020 , in addition to which many European operators chose to wait for concrete actions under the EU Green Deal programme in their investment decisions . Clean energy programmes in accordance with the Green Deal have already been opened , and more can be expected in the third quarter . We believe that the Green Deal programmes , together with the growing demand to fight climate change , will speed up the investment decisions of both companies and public operators . The first half of the year was also negatively affected by problems with the availability of certain materials and components , which delayed project deliveries . The final handover of our projects in Creutzwald , Narbonne and Pons was postponed to the latter half of the year . However , the solar thermal plant in Creutzwald is technically ready and has produced clean heat for the customer during the whole spring . During the reporting period , we signed a significant new delivery contract with Guangzhou Power Supply . This delivery will provide us with the opportunity to implement a competitive solution with our high - performance system on the world's largest renewable energy market in China . The value of the solar thermal system to be delivered to Guangzhou , China is about EUR 0.5 million , and it will be part of Guangzhou Power Supply's advanced multi - energy network . Guangzhou Power Supply is a subsidiary of China Southern Power Grid , a state - owned Fortune Global 500 company .