DP CleanTechProvides China Electronic System Engineering Corporation (CESEC) with Latest Optimised Solution for its 1st Biomass Project inHebei, China
SMA SOLAR TECHNOLOGY AG CONCLUDES SALE OF SMA RAILWAY TECHNOLOGY GMBHSMA Solar Technology AG (SMA/FWB: S92) concluded sale of its subsidiary SMA Railway Technology GmbH today. The buyer is the leading Chinese railway technology group Beijing Dinghan Technology Co., Ltd. The buyer and the seller have agreed not to disclose the purchase price. The transaction will contribute positively to the SMA Group’s earnings in the first quarter of 2017. Against this backdrop, the SMA Managing Board forecasts sales of €165 million to €175 million and earnings before interest, taxes, depreciation and amortization (EBITDA) of €15 million to €18 million for the first quarter of this year. The SMA Managing Board is confirming its sales and earnings guidance for fiscal year 2017 as published on January 26, 2017, which forecasts sales of between €830 million and €900 million and EBITDA of between €70 million and €90 million.
In the last 6 months, the biomass market in China has been responding to direct and positive Chinese government policies to address environmental issues. DP’s existing and potential clients have worked together to cooperate and develop strategic plans for new projects and optimised technologies for renewable biomass energy. A prime example of this is the recent cooperation and collaboration agreement signed between DP and CESEC. The first project contract arising from this agreementwas signed on 17th July 2016 and represents the CESEC’s first venture into the biomass power industry. Based on the contract, DP is to provide its most upgraded biomass solution to CESEC, including the fuel handling &feeding systems. The30MW project will be located in Anping County, Hengshui City, Hebei Province, which is within the JJJ region which has been prioritised for improvements in environmental pollution; and will be the 6th reference project for DP in Hebei province, and DP’s 57th project in China.
The main fuel types for the Anping plant will be corn straw (60%), corn cobs (20%) and waste fruitwood branches (20%). As the world’s leading biomass solution provider, DP understands that fuel flexibility and plant availabilityare key factorsin project profitability; and has been working continuously with clients on fuel-flexible solutions which can also simultaneously mitigate corrosion and NOx emissions. After completion, Anping will provide both electricity and heat – through the daily generation of 100 tons of industrial steam – to surrounding areas, which coversa total of more than 4.5 million square metres. Earlier this year, biomass CHP projects were officially advocated by NEA as one of the most efficient measures to combat JJJ air pollution. DP CleanTech will continue working with key clients in China to help Chinese government to implement its eco strategies.
Founded in 2004, DP CleanTech designs, engineers, manufactures and commissions biomass and waste to energy power plants, providing complete solutions for turning waste materials into clean energy. DP CleanTech’s high pressure, high temperature technology was originally developed in Denmark and is behind over 80 biomass power plants around the world. DP CleanTech built the first biomass power plant in China and is responsible for over 30% of the biomass power plants operating in China today. With an increasingly strong presence in Asia, Africa and South America, DP continues to lead the industry with pioneering new products and initiatives for continuous improvement.