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.
JinkoSolar Holding Co. Ltd. , a global leader in the solar PV industry, recently announced that it will supply 49 MW of solar modules to China Resources Power Investment Company Limited (“China Resources Power”) for three solar PV plants.China Resources Power is the Hong Kong-listed subsidiary of China Resources (Holdings) Company Limited, a state-owned enterprise. China Resources Power’s business includes PV power generation, wind power generation, and etc. JinkoSolar will provide solar modules for three of their solar PV projects totaling 49MW.
“We are delighted to cooperate with China Resources Power by providing modules to their PV projects totaling 49 MW. As one of China’s leading integrated energy companies, China Resources Power is very active in the nation’s energy structural adjustments and is focused on the development of green PV power plants. We both share a common goal of working to promote green new energy.” Mr. Xiande Li, Chairman of JinkoSolar, commented, “China’s PV market has experienced rapid growth in recent years: in 2015, China topped the world in cumulative installed capacity, and during the new Five-Year Plan, China’s PV market will continue to maintain the strong momentum. Given these favorable conditions, JinkoSolar will continue to improve its overall technological strength and core competitiveness, as well as work closely with reputable domestic power development companies to maintain our leading position in Chinese market.”