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.
Yingli Green Energy Holding Company Ltd. ,one of the world’s leading solar panel manufacturers, recently announced it has published its 2015 Sustainability Report (the “Report”).
The Report provides information on Yingli’s sustainability performance from 2013 through 2014, with updates on its progress in areas that were covered in detail in Yingli’s inaugural Sustainability Report.
“By the end of 2013, we had already met and gone beyond the GHG emissions reduction targets we set for 2015,” said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli. “We achieved these targets by working to continuously improve our management of product quality, environment, and energy, and boost our resource and energy efficiency. Over the next year, Yingli will set for itself higher emissions reduction targets as part of a long-term strategic plan to address sustainability in our operations.”
The 2015 Sustainability Report also demonstrates Yingli’s commitment to continuous improvement, increased investment to innovation, employee, environment and community, and expanded stakeholder engagement.