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.
Ecotricity, Britain’s leading green energy company, today announced that it has acquired the home rooftop solar business of SunEdison.
Before exiting the UK, SunEdison had built a portfolio of nearly a thousand rooftop solar installations, a product known as the Energy Saver Plan.
The news comes on the day SunEdison Inc. filed for bankruptcy in the U.S.
Dale Vince, Ecotricity founder, said: “This is an exciting and important step for Ecotricity. As a company, we want to help more people generate their own power at home.
“The government’s cuts to the feed-in tariff, and its broader attack on the renewables industry, have caused a significant problem for companies like SunEdison: we have seen some go bust and others quit the UK market as a result, losing a lot of jobs as a result.
“This is our first step into the domestic solar market, and as the price of the technology continues to fall, we’re confident that it’s only a matter of time before we can resume the work SunEdison started and help more homes take advantage of solar power.”
Ecotricity, who now supply approaching 200,000 customers from a fleet of wind and sun parks, last made an acquisition in 2014 when they rescued small windmill company Evance from administration – uniting Evance with other supply chain companies, Ecotricity formed a new small windmill company called Britwind.
Dale said: “We see a big future for renewable technology of this scale in Britain – small wind and rooftop solar will allow more people to generate their own power at home, decentralising the energy sector and putting power in the hands of the people.”