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.
First Solar, Inc announced that it has achieved one gigawatt (GW) DC of photovoltaic (PV) solar capacity shipped to India, making it the first thin film PV module manufacturer to achieve this milestone in the country.
Speaking on the occasion, Sujoy Ghosh, First Solar’s Country Head for India, said, “We thank our customers and stakeholders in India for placing their trust in First Solar. They are benefitting from differentiated technology that has proven its superior energy yield by delivering 5-9% more energy, compared to polysilicon based modules in India for its customers over the past four years.”
Contrary to perception, he emphasized, “thin film modules today have higher conversion efficiency and requires lesser land per MW, compared to poly silicon-based modules. Our technology roadmap has us on a path to even greater conversion efficiencies, which will enable solar plants to be even more competitive against conventionalenergy sources.”
First Solar has been present in India since 2011, and provides its CdTe thin film modules to solar developers. The company also self-develops utility scale solar PV projects, and through its Indian subsidiary have 200MWac of projects with contracted long term PPA’s under development and operation in India.