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.
Array Technologies, Inc. (ATI) and community solar developer SunShare are proud to announce the commissioning of the Jefferson County Community Solar Garden located near Arvada, Colorado. This 1.5 Megawatt (MW) solar garden will soon be generating more than 2,500 Megawatt-hours of clean energy annually by utilizing ATI’s DuraTrack HZ v3 single-axis solar tracking technology. Single-axis trackers are gaining traction among community solar developers with their ability to deliver more kilowatt hours per module to individual subscribers, minimizing land usage with fewer PV modules and ultimately providing utilities with a lower levelized cost of electricity (LCOE) when compared to fixed structures.
“Making solar energy accessible for organizations such as The City of Arvada and the Green Mountain Water and Sanitation District is a truly unique position,” stated Array Technologies president, Thomas Conroy. “Offering municipalities, businesses and residential stakeholders the opportunity to reap the benefits of tracked community solar energy will drive residential and commercial solar to future success.”“SunShare is committed to bringing the most value to our subscribers, and ATI’s DuraTrack HZ v3 trackers were the best possible solution to meet both the design challenges for this particular site and our subscriber value goals through the optimization of energy production,” said Luke Rickard, Project Manager for SunShare. “Single-axis trackers increase the production of SunShare’s solar gardens as compared to fixed structures, putting more solar energy onto the grid and delivering more savings to our customers.”
With 1,800 MW of community solar expected to be in-the-ground by the end of 2020, tracked community solar is bound to carry momentum into the future1.