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.
Soltec, a leading manufacturer of highly innovative single-axis trackers, will supply 150 MW’s of its SF Utility Single-Axis Tracker in the United States. For this project Soltec has successfully designed and delivered product innovations adapting to extreme local climate conditions. With this project and others in the Americas, Soltec has attained annual sales of 1 GW and is on track to meet future growth goals.
The US project presented the challenges of high snow-load, sub-zero temperatures and local flooding risks. Soltec innovation responded with a special pile design, an extended electronic configuration range reaching down to -40° F, and tracker control mechanisms with flood-sensors and snow-load removal operations.
“To meet these extreme climate challenges our R&D team has redesigned the electronics adjusting to local conditions, and developed exclusive piles to maintain tracker equipment stability in heavy snow and deeply frozen earth. With these enhanced features SF utility is configured to deliver maximum potential even in the rough winters of North America,” said José Alfonso Teruel, R&D Manager at Soltec.
“We are proud to deliver our first SF Utility supply contract in the US, and of how our R&D team responded to extreme project challenges there. We are also pleased with excellent sales growth that meets with expectation and demonstrates that SF Utility and the Soltec team are on track to attain our company’s futuregoals in the Americas,” said Raúl Morales, CEO Soltec.
Whether faced with rocky desert conditions and steep-slopes in South America or heavy snow-loads and sub-zero temperatures in the Northern US, Soltec continues the innovation of its SF Utility tracker to meet challenges and deliver premium customer service.