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.
The Haryana government has allowed all individuals to install grid connected rooftop solar power plants and power so generated can be sold to either government or third party.“Haryana government has allowed all individuals to install grid connected rooftop solar power plants of capacity ranging from 1kWp to 1 MWp under net-metering regulations in the State and has also allowed sale of power either to Government or third party from such plants,” Haryana Principal Secretary Renewable Energy Department Ankur Gupta said on Wednesday.
Under the Haryana Solar Power Policy-2016, a total capacity of 1,600 MW rooftop solar power plants would be added by the year 2021-22.Referring to criteria fixed for the eligibility of the rooftop solar plants, he said solar power plants installed on pucca structure or pucca walls or having electricity connection or installed on any structure or ground within the building or complex premises would be counted as rooftop solar power plant.However, he said the solar power plant installed on the shelter, cantilever, periphery sheds, on any part of the building or structure, would also be counted as rooftop solar power plant.
Solar power plants installed on agricultural land would not be counted as the rooftop solar power plant.However, the plants installed on the roof of the building constructed on the agricultural land would be counted as rooftop solar power plant, he said.Permission for setting up rooftop solar power plants would not be required from the building plan sanctioning authority.He said cost of solar power is on the declining trend whereas the cost of fossil fuel based electricity is increasing day by day.A typical 100 KW solar power plant costs about Rs 62 lakh, the pay back period is about four to five years and life of the system is more than 25 years.The government is also providing 30 per cent subsidy, maximum Rs 20,000 per kWp, on installation of solar power plants for certain categories of buildings.