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.
Suzlon Group, one of the leading renewable energy solutions providers in the world, today announced that it is ranked 67th in the inaugural Carbon Clean 200 list of clean energy companies worldwide ranked by their green energy revenues. The Clean 200, the biggest 200 public companies by green energy revenues is published by Canada based research house ‘Corporate Knights’ and non-profit organization ‘As You Sow’.
Speaking on the occasion J.P Chalasani, Group CEO, Suzlon Group said, “We are proud to be ranked amongst the leading Indian companies in the Clean 200 list. It is a testimony of our efforts towards powering a greener tomorrow and creating a low carbon economy. Our vision is aligned to the government commitment at COP21 to cut the rate of carbon emissions relative to GDP by 33% to 35% by 2030 and achieving 40% renewables by 2030. We are committed to play a pivotal role in India’s transition from a fossil fuel dominated energy architecture to a sustainable, affordable and reliable energy mix.”
The Clean 200 ranks the largest publicly listed companies worldwide by their total clean energy revenues as rated by Bloomberg New Energy Finance (BNEF). In order to be eligible, a company must have a market capitalization greater than US$1 billion and earn more than 10 per cent of total revenues from clean energy sources. The list excludes all oil and gas companies and utilities that generate less than 50% of their power from renewable sources, as well as the top 100 coal companies measured by reserves.
Environment Sustainability is at the core of Suzlon Group’s philosophy with a vision to ‘Power a greener tomorrow’. Suzlon is contributing towards mitigating risks of climate change with its clean technologies and ~15.5 MW wind energy installations worldwide. The Group headquarters, One Earth, located in Pune, bears testimony to the Group’s focus on environment sustainability. ‘One Earth’ is LEED certified and one of the greenest corporate campuses in the world with Platinum level certification.