23
Tue, Oct

Increased population and pollution are largely contributing to energy crisis. In manufacturing and industrial power plants, a high amount of energy is wasted in the form of heat. Though some countries have restructured their electricity infrastructure with highly expensive processes, the electricity crisis still prevails. This energy and electricity crisis will be a threatening factor for social and economic growth.

Energy harvesting is expected to play a major role in managing global energy demands and help in resolving related issues. Thermoelectric Energy Harvesting (TEH) technology comprising thermoelectric generators (TEGs) is a type of energy harvesting technology which is based on Seebeck effect. This aims to leverage thermal sources to generate electrical power and is intended for large-scale and small-scale applications.

TEGs have the potential to impact many applications including:

- Automotive - Collision avoidance, regenerative braking, powering auto components

- Industrial - Gas pipelines, geothermal, smart grid cogeneration thermoelectric generators, solar thermal cogeneration

- Consumer electronics - Thermal heat generation from electronic components such as smartphones

- Home and building automation - Smart metering, security system, home entertainment

- Military and aerospace - Military avionics, space telescope cameras, missile testing systems

- Healthcare - Wearable and implantable brain-computer interfaces (BCIs)

The technology and innovation report answers the following questions:

1. What is the current status of TEH market?

2. What are the factors that influence development and adoption?

3. What are the innovation hotspots and who are the key developers?

4. What are the patent and funding trends and how does it support development?

5. What are the applications enabled by TEH?

6. What is the market potential for TEH (forecast until 2025)?

7. What are the key needs that drive customer satisfaction?

8. Where do we see growth opportunities?

9. What are the key questions for planning strategic initiatives to drive adoption?

Key Topics Covered:

1.0 Executive Summary

1.1 Research Scope

1.2 Key Questions Answered in the Report

1.3 Research Methodology

1.4 Research Methodology Explained

1.5 Key Findings - Technology and Application Impact, Funding Scenario

1.6 Key Findings - Patent Activity, Global Footprint, and Convergence Potential

2.0 Technology Status Review

2.1 Thermoelectric EH - A Sneak Preview

2.2 Significant Impact is Expected in the Next 5 to 7 Years

2.3 Mass-scale Manufacturing will Drive Adoption in the Near Future

2.4 Material Science Advancement Enabling Innovation and Functional Improvements

2.5 Comparative Assessment of Thermoelectric and Piezoelectric Energy Harvesting Technologies

2.6 Advancements in TEH Technology will lead to Better Efficiency, Reliability, and Robustness Output in the Future

3.0 Impact Assessment of Factors Influencing Adoption - Drivers and Challenges

3.1 Increasing Trend towards Battery-less Devices Leads to High Potential for Adoption

3.2 High Investment Cost, Low Conversion Efficiency, Material Restrictions, and Lack of Awareness Restrict Wider Adoption

3.3 Demand for TEG Modules Expected to Increase in the Future

3.4 Flexible Modules are Expected to High Influence on Increased Adoption

3.5 High Investment Cost and Low Conversion Efficiency are Key Drawbacks Impacting Adoption

3.6 Material Restrictions and Lack of Awareness Restrict Widescale Adoption

4.0 Innovation Ecosystem, Hotspots by Region, and Key Developers

4.1 Innovation Ecosystem - Technology Developers across the Globe

4.2 Profiles of Companies in USA - Hi-Z Technology, Nimbus Materials, and Evident Thermoelectrics

4.3 Profiles of Companies in USA - Perpetua Power Source Technologies

4.4 Profiles of Companies in Denmark and Spain - TEGnology APS and NABLA Thermoelectrics

4.5 Profiles of Companies in Germany - EnOcean, TEC Microsystems, Otego

4.6 Technology Development and Adoption Trend in USA

4.7 Technology Development and Adoption Trend in Europe

4.8 Technology Development and Adoption Trend in Asia Pacific

5.0 Patent and Funding Status

5.1 China Emerges as a Hotspot for Developments in TEG Modules with Research Institutes and Start-ups, Bolstering the Patent Portfolio

5.2 Four Key Funding Areas Driving Technology Development and Adoption

5.3 Key Funding Deals - Initiatives Geared Towards Developing High Efficiency Converters, Expanding Production Capabilities

6.0 Application Landscape Analysis

6.1 Three Key Criteria Determining the Performance and Applicability of TEG Modules

6.2 TEH in Automotive Applications

6.3 TEH in Industrial Applications - WSN will Enhance Adoption

6.4 TEH in Building Automation Applications

6.5 TEH in Consumer Electronics Applications

6.6 TEH in Healthcare Applications

6.7 TEH in Military and Aerospace Applications

6.8 Application Roadmapping of TEG Modules and Year of Impact

6.9 Thermally Powered Vehicles and Smart Grid Cogeneration Techniques are Expected After 2025+

7.0 Market Potential - Forecast till 2025

7.1 TEH Market Forecast, 2015-2025: Home Automation, Automotive, Industrial, Aerospace and Defense Markets Drive Growth Opportunities

7.2 Total Thermoelectric Energy Harvesting Market by Application, Forecast 2015 - 2025

7.3 Aerospace and Defense will be a Prime Focus Area for Thermoelectric Energy Harvesting Market

7.4 Market Overview - Forecast Scenario Assumptions to 2020

7.5 Thermoelectric Energy Harvesting Market: Revenue by Application, Global, 2014-2022

7.6 Proliferation of WSNs will Boost Market Opportunities

7.7 Market Opportunities

8.0 Customer Need Analysis

8.1 Pricing is the Key Criteria for Widening Adoption

8.2 Customization is Key to Win Customer Satisfaction

8.3 Developing a Completed System can Increase ROI

8.4 Benefits of Servicing and Replacement TEG Devices

8.5 On-time Delivery of the Finished Goods will Increase Sales and Brand Loyalty among Customers

8.6 Decision Making Analysis for Providing Value-Added Solutions

9.0 Analyst Point of View

9.1 Growth Opportunities - Self-powered Consumer Products Through TEG

9.2 Green Energy and Battery-less Power Generation are Garnering Interest for Thermoelectric Energy Harvesting

10.0 Key Questions from the CEO's Perspective on Thermoelectric Energy Harvesting Growth Opportunities

10.1 What Are The Applications That Can Benefit From THE?

10.2 Why should I invest in thermoelectric rather than piezoelectric type of energy harvesting?

10.3 What are the main key drivers for adopting thermal energy harvesting?

10.4 Which application will have high impact and market growth in the future?

11.0 Key Patents and Contacts

11.1 Key Patents - Flexible Thermoelectric Module and Methods for Energy Harvesting

11.2 Key Patents - Thermoelectric Fabric-based Energy Harvesting and Thermoelectric Pixels for Temperature Sensing

11.3 Key Patents - Power Converter and Autonomous-based Thermoelectric Energy Harvesting

11.4 Key Patents - Micromachined Thermoelectric Energy Harvesting

11.5 Industry Contacts

Companies Mentioned

- EnOcean GmbH

- Evident Thermoelectrics

- Hi-Z Technology

- NABLA Thermoelectrics

- Nimbus Materials

- Otego GmbH

- Perpetua Power Source Technologies

- TEC Microsystems GmbH

- TEGnology APS

For more information about this report visit

https://www.researchandmarkets.com/research/53rbbt/future_of

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Laura Wood, Senior Manager
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SOURCE Research and Markets

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Read more: Global Thermoelectric Energy Harvesting Market...

 

• The 90 MW facility, located in the state of Bahia, will be able to produce around 350 GWh per year;
• Enel has invested approximately 190 million US dollars in the construction of Cristalândia.

The facility is located in the municipalities of Brumado, Rio de Contas and Dom Basilio, in Brazil’s north-eastern state of Bahia.

“We are extremely pleased to announce that Enel is commissioning yet another renewable facility awarded through a public tender,” stated Carlo Zorzoli, Enel’s Country Manager in Brazil. “In Bahia, where Cristalândia wind farm is located, we manage as much as 1.3 GW of renewable capacity both in operation and under construction, leveraging on the state’s huge wealth of green energy sources. Across Brazil, we are striving to support the country’s economy in the most responsible way by contributing to the diversification of the energy mix through renewables and implementing sustainable initiatives aimed at creating shared value at the local level.”

The Group invested approximately 190 million US dollars in the construction of Cristalândia, which was awarded to EGPB through the Leilão de Fontes Alternativas (LFA) public renewable energy auction in April 2015. The wind project is supported by 20-year power purchase agreements with a pool of Brazilian electricity distribution companies.

The wind farm is capable of generating around 350 GWh per year, enough to meet the annual energy consumption needs of more than 170,000 Brazilian households while avoiding the emission of about 118,000 tonnes of CO2 into the atmosphere.

In line with the Creating Shared Value (CSV) model adopted by the Group, which aims to combine business development and local community needs, EGPB has carried out a set of CSV initiatives in the areas neighbouring the plant, such as creative recycling workshops with local communities, enabling income generation through the reuse of materials used in the plant’s construction, including pallets transformed into furniture and tarp used to produce handcrafts to be sold in the local market.

In the state of Bahia, Enel Group’s subsidiary EGPB currently operates a total of 711 MW of wind and solar capacity and is building an additional 600 MW of projects in these two renewable technologies.

In Brazil, the Enel Group (enel.com), through its subsidiaries EGPB and Enel Brasil, has a total installed renewable capacity of 1,659 MW, of which 490 MW from wind power, 279 MW from solar PV and 890 MW from hydropower, as well as close to 900 MW of capacity currently in construction, of which 352 MW from wind and 541 MW from solar power.

Enel Green Power, the Renewable Energies division of Enel Group, is dedicated to the development and operation of renewables across the world, with a presence in Europe, the Americas, Asia, Africa and Oceania. Enel Green Power is a global leader in the green energy sector with a managed capacity of 38 GW across a generation mix that includes wind, solar, geothermal, biomass and hydropower, and is at the forefront of integrating innovative technologies like storage systems into renewable power plants.

Read more: Enel Starts Operations of Cristalândia Wind Farm...

Get the Most out of Energy – SMA Presents Its New Energy Solutions at Intersolar 2017

05/03/17

Category: News  

New Energy Solutions for all areas of application: SMA Solar Technology AG (SMA) will be exhibiting at Intersolar Europe 2017 in Munich as a provider of system solutions, presenting an entirely new, cross-segment energy management platform. The goal is to offer users Energy Solutions based on this platform to get the most out of renewable energies. In this way, private and commercial users can increase their energy yields and reduce their electricity costs even more. Plus, the innovative solutions SMA Power+ and SMA Energy+ bring additional key aspects that offer the highest level of convenience with their new service concepts, intelligent module technology as well as easy storage integration into all applications. A further highlight of the trade fair is the Sunny Tripower CORE1. Nominated for the Intersolar AWARD, this inverter reduces the costs of commercial PV installations by up to 60% thanks to its unique installation principle.

“As a result of the sharp drop in prices, the worldwide PV markets are registering positive developments. We therefore expect many visitors from Germany and abroad,” said SMA Chief Executive Officer Pierre-Pascal Urbon. “With the development of cost-effective storage systems and the Internet of Things, the world for photovoltaics has completely changed. The goal is to sensibly connect photovoltaic systems to storage, heating, air conditioning and ventilation systems as well as e-mobility and to intelligently control them via platforms. Cutting-edge algorithms from SMA make it possible to use a nearly endless flood of data for optimizing energy costs. Our solution is suitable for both new systems and retrofitting existing systems, which is called repowering.”

Generating, controlling and consuming power even more efficiently
At Intersolar 2017, SMA will be unveiling a new platform for private and commercial users that, with its cross-segment energy management, easy integration into new and existing systems and comprehensive connection, offers the opportunity to further exploit the potential of renewable energies.
With the SMA Power+ Solution featuring the integrated SMA Smart Connected service and intelligent module technology for selective deployment, residential PV system operators can both increase their energy yields and reduce their electricity costs. In addition, the new SMA Energy+ Solution integrates battery storage systems into a system and makes intelligent energy management possible using the new Sunny Home Manager 2.0 which integrates electrical household appliances even more easily and optimizes power consumption. Installers benefit from easier installation and lower system costs.

Unique concepts for commercial PV systems and PV power plants
Nominated for the Intersolar AWARD, the Sunny Tripower CORE1 is the world’s first freestanding string inverter for decentralized rooftop and ground-based PV systems in the commercial sector. By combining a unique design and innovative installation method, the 50 kW inverter reduces installation time of commercial PV systems considerably. The new Sunny High Power PEAK1 comes with 75 kW of power and is ideal for use in PV power plants with decentralized architecture. The Sunny Tripower 60 successor is optimized for use in systems based on the concept featuring the central installation of string inverters in large industrial and ground-based PV systems by combining maximum flexibility in system design with significant cost savings.

Efficient storage solutions for all application areas and battery types
When it comes to storage solutions, SMA will be offering a range of battery inverters for all application areas and battery types. These include the new Sunny Island 4.4M, 6.0H, 8.0H with an integrated user interface for on- and off-grid applications, the new Sunny Boy Storage 3.7, 5.0, 6.0 and the new Sunny Tripower Storage for integration of high-voltage batteries into private and commercial on-grid applications. As the central component of the SMA system solution for large storage systems, the new Sunny Central Storage 2200/2500-EV battery inverter allows for integration of a high level of renewable energies into utility grids with maximum grid stability.

Reliable system solutions for centralized and decentralized PV power plants
Operators, EPCs and investors can also experience the benefits of SMA’s top-notch quality and comprehensively tested and certified components for the utility-scale PV power plant sector. This ensures maximum system reliability and long-term availability of system solutions for PV power plants with centralized and decentralized architecture. The new Medium-Voltage Power Station 5500SC-EV with two new Sunny Central 2750-EV inverters as well as a medium-voltage transformer and switchgear in a container is the ideal SMA solution for PV power plants with 1,500 V DC voltage.

Those who want to know more about the new SMA platform, visit the SMA booth: hall 3, booth B3.210.


About SMA
The SMA Group with sales of around €1 billion in 2016 is the global market leader for solar inverters, a key component of all PV plants. SMA offers a wide range of products and solutions that allow for high energy yields for residential and commercial PV systems and large-scale PV power plants. To increase PV self-consumption efficiently, SMA system technology can easily be combined with different battery technologies. Intelligent energy management solutions, comprehensive services and operational management of PV power plants round off SMA’s range. The company is headquartered in Niestetal, near Kassel, Germany, is represented in 20 countries and has more than 3,000 employees worldwide, including 500 working in Development. SMA’s multi-award-winning technology is protected by approximately 900 patents and utility models. Since 2008, the Group’s parent company, SMA Solar Technology AG, has been listed on the Prime Standard of the Frankfurt Stock Exchange (S92) and is currently the only company in the solar industry that is listed in the TecDAX index.


SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Germany

Head of Corporate Communications:
Anja Jasper
Tel. +49 561 9522-2805
This email address is being protected from spambots. You need JavaScript enabled to view it.

Press Contact:
Susanne Henkel
Manager Corporate Press
Tel. +49 561 9522-1124
Fax +49 561 9522-421400
This email address is being protected from spambots. You need JavaScript enabled to view it.


Disclaimer:
This press release serves only as information and does not constitute an offer or invitation to subscribe for, acquire, hold or sell any securities of SMA Solar Technology AG (the “Company”) or any present or future subsidiary of the Company (together with the Company, the “SMA Group”) nor should it form the basis of, or be relied upon in connection with, any contract to purchase or subscribe for any securities in the Company or any member of the SMA Group or commitment whatsoever. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended.

This press release can contain future-oriented statements. Future-oriented statements are statements which do not describe facts of the past. They also include statements about our assumptions and expectations. These statements are based on plans, estimations and forecasts which the Managing Board of SMA Solar Technology AG (SMA or company) has available at this time. Future-oriented statements are therefore only valid on the day on which they are made. Future-oriented statements by nature contain risks and elements of uncertainty. Various known and unknown risks, uncertainties and other factors can lead to considerable differences between the actual results, the financial position, the development or the performance of the corporation and the estimates given here. These factors include those which SMA has discussed in published reports. These reports are available on the SMA website at www.SMA.de. The company accepts no obligation whatsoever to update these future-oriented statements or to adjust them to future events or developments.

Read more: Get the Most out of Energy – SMA Presents Its...

SMA Receives Intersolar Award for the Sunny Tripower CORE1

06/01/17

Category: News  

At Intersolar Europe 2017 in Munich, SMA Solar Technology AG (SMA) once again won the Intersolar Award in the “Photovoltaics” category. The expert jury presented the award for the Sunny Tripower CORE1. For the first time, this innovative string inverter allows installation directly on roofs or in the field, features an extensive range of communication and grid management functions and, thanks to its six MPP trackers, delivers maximum yields even in shading. The Sunny Tripower CORE1 thus reduces system operating costs and ensures up to 60% faster installation.

“By presenting this award for the Sunny Tripower CORE1, this year’s jury has singled out a product that will make a major contribution to the success of commercial PV systems worldwide,” said Nick Morbach, Executive Vice President of SMA’s Residential and Commercial business unit. “The string inverter is the perfect basis for new SMA solutions aimed at optimizing commercial self-consumption in all markets worldwide. SMA is once again making a valuable contribution to a future-proof, renewable energy supply.”

Project developer WIRCON impressed by this new concept
“The Bruhrain PV farm was one of the first projects to be equipped with the new Sunny Tripower CORE1 inverters,” said Steffen Steinel, technical director at the project development and energy service provider WIRCON GmbH. “We are delighted that the Sunny Tripower CORE1 has now received the Intersolar Award 2017 because we have already worked with SMA on numerous projects and, like the solution provider SMA, focus on innovation and reliability. We were particularly impressed with the revolutionary concept behind the new Sunny Tripower CORE1: Save on costs while maintaining maximum flexibility.”

You can find all available information on the new Sunny Tripower CORE1 here.


About SMA
The SMA Group with sales of around €1 billion in 2016 is the global market leader for solar inverters, a key component of all PV plants. SMA offers a wide range of products and solutions that allow for high energy yields for residential and commercial PV systems and large-scale PV power plants. To increase PV self-consumption efficiently, SMA system technology can easily be combined with different battery technologies. Intelligent energy management solutions, comprehensive services and operational management of PV power plants round off SMA’s range. The company is headquartered in Niestetal, near Kassel, Germany, is represented in 20 countries and has more than 3,000 employees worldwide, including 500 working in Development. SMA’s multi-award-winning technology is protected by more than 900 patents and utility models. Since 2008, the Group’s parent company, SMA Solar Technology AG, has been listed on the Prime Standard of the Frankfurt Stock Exchange (S92) and is currently the only company in the solar industry that is listed in the TecDAX index.


SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Germany

Head of Corporate Communications:
Anja Jasper
Tel. +49 561 9522-2805
This email address is being protected from spambots. You need JavaScript enabled to view it.

Press Contact:
Susanne Henkel
Manager Corporate Press
Tel. +49 561 9522-1124
Fax +49 561 9522-421400
This email address is being protected from spambots. You need JavaScript enabled to view it.


Disclaimer:
This press release serves only as information and does not constitute an offer or invitation to subscribe for, acquire, hold or sell any securities of SMA Solar Technology AG (the “Company”) or any present or future subsidiary of the Company (together with the Company, the “SMA Group”) nor should it form the basis of, or be relied upon in connection with, any contract to purchase or subscribe for any securities in the Company or any member of the SMA Group or commitment whatsoever. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended.

This press release can contain future-oriented statements. Future-oriented statements are statements which do not describe facts of the past. They also include statements about our assumptions and expectations. These statements are based on plans, estimations and forecasts which the Managing Board of SMA Solar Technology AG (SMA or company) has available at this time. Future-oriented statements are therefore only valid on the day on which they are made. Future-oriented statements by nature contain risks and elements of uncertainty. Various known and unknown risks, uncertainties and other factors can lead to considerable differences between the actual results, the financial position, the development or the performance of the corporation and the estimates given here. These factors include those which SMA has discussed in published reports. These reports are available on the SMA website at www.SMA.de. The company accepts no obligation whatsoever to update these future-oriented statements or to adjust them to future events or developments.

Read more: SMA Receives Intersolar Award for the Sunny...

MALVERN, Pa., July 24, 2017 /PRNewswire/ -- CertainTeed® Solar is proud to announce an increase in rated power for the Apollo® II and Apollo Tile II solar roofing systems. Apollo II now offers 63 watts of rated power, improving on both the performance and the economics of CertainTeed Solar roofing systems.

"The power increases to our Apollo II line reflect CertainTeed's continuous commitment to the improvement of our products," said Mark Stancroff, director of CertainTeed Solar. "Plus the low-profile appearance of these integrated systems lets installers offer solar solutions to customers who may be deterred by aesthetics of rack-mounted systems."

Apollo II and Apollo Tile II modules are proudly manufactured in the United States using foreign and domestic components and are backed by the strongest warranty in the solar industry which covers the products and the professional installation of the system for up to 25 years.

All CertainTeed Solar systems are available nationwide. For more information, visit www.certainteedsolar.com.

About CertainTeed
Through the responsible development of innovative and sustainable building products, CertainTeed, headquartered in Malvern, Pennsylvania, has helped shape the building products industry for more than 110 years. Founded in 1904 as General Roofing Manufacturing Company, the firm's slogan "Quality Made Certain, Satisfaction Guaranteed," quickly inspired the name CertainTeed. Today, CertainTeed® is a leading North American brand of exterior and interior building products, including roofing, siding, fence, decking, railing, trim, insulation, drywall and ceilings.

A subsidiary of Saint-Gobain, one of the world's largest and oldest building products companies, CertainTeed and its affiliates have more than 5,700 employees and more than 60 manufacturing facilities throughout the United States and Canada. The group had total sales of approximately $3.4 billion in 2016. www.certainteed.com

For more information contact:
Victoria Gallagher, CertainTeed
(610) 893-6002
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.certainteed.com/pressroom

View original content:http://www.prnewswire.com/news-releases/certainteed-upgrades-power-in-apollo-ii-solar-roofing-systems-300492731.html

SOURCE CertainTeed

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Read more: CertainTeed® Upgrades Power in Apollo® II Solar...

2016 Results: SMA Solar Technology AG Successfully Continues on Path to More Profit and Higher Cash Flow

03/30/17

Category: News  

Overview of fiscal year 20161:

  • Inverter output sold rises to a record level of 8.2 GW (2015: 7.3 GW)
  • Sales nearly at the previous year’s level at €946.7 million (2015: €981.8 million)
  • Earnings before interest, taxes, depreciation and amortization (EBITDA) increased to €141.5 million (2015: €121.1 million)
  • Operating cash flow considerably increased to €147.5 million (2015: €102.7 million)
  • Financial stability thanks to solid equity ratio of 48.3% (December 31, 2015: 49.1%) and high net cash of €362.0 million (December 31, 2015: €285.6 million)
  • Managing Board and Supervisory Board recommend dividend payment of €0.26 per share
  • Managing Board anticipates sales of up to €175 million and EBITDA of up to €18 million in first quarter of 2017 and confirms sales and earnings forecast for the year as a whole


1 Railway Technology is no longer included in the figures for 2016 as the Group intends to sell this division. The comparative figures for the previous year were therefore adjusted retroactively.


SMA Solar Technology AG (SMA/FWB: S92) successfully continued on its path to more profit and higher cash flow in 2016 and achieved a sales record by selling inverter output of 8.2 GW (2015: 7.3 GW). SMA Group sales were nearly at the previous year’s level at €946.7 million (2015: €981.8 million). Despite an unexpectedly sharp decrease in average selling prices, earnings before interest, taxes, depreciation and amortization (EBITDA) increased significantly to €141.5 million (EBITDA margin: 14.9%; 2015: €121.1 million, 12.3%). The main earnings driver was still the segment for large-scale PV power plants (Utility). At the same time, the segment for commercial PV systems (Commercial), among others, recorded strong business performance. The most important markets were North America, Japan, India, Great Britain and Germany.

Net income doubled to €29.6 million in the past fiscal year (2015: €14.3 million). Earnings per share thus amounted to €0.85 (2015: €0.41). Due to its attractive business model and increased flexibility, SMA generated high operating cash flow of €147.5 million (2015: €102.7 million). With net cash of €362.0 million (2015: €285.6 million) and an equity ratio of 48.3% (2015: 49.1%) at the end of 2016, the company has an extremely solid balance-sheet structure. A long-term credit line of €100 million from domestic banks underscores SMA’s investment-grade credit rating. The Managing Board and the Supervisory Board will recommend that the Annual General Meeting on May 23, 2017, set a dividend of €0.26 per share for fiscal year 2016. This corresponds to a dividend payout ratio of 31% of net income.

“In addition to extremely low power generation costs, climate targets are also an important growth driver for the photovoltaics industry,” said SMA Chief Executive Officer Pierre-Pascal Urbon. “However, the fundamental change in the energy sector will only be possible with digitization. Thanks to automation, in the future supply and demand will be reconciled more cost-effectively than before. SMA has focused its strategy on benefiting from attractive growth opportunities. This year, for example, we are launching a new energy management platform that allows commercial customers to monitor energy flows across different sectors (photovoltaics, heating, ventilation and air conditioning technology, and storage systems) for the first time. In developing our platform further, we will optimize total energy costs at a local level and facilitate interconnection with global IoT platforms. With SMA’s range of solutions, companies can develop new business models and increase their competitiveness. With our innovative inverter solutions, we also ensure high connectivity, grid stability and reliability. These are important prerequisites for an even faster expansion of photovoltaics.”

For the first quarter of 2017, the SMA Managing Board is anticipating sales of €165 million to €175 million (Q1 2016: €248.1 million) and earnings before interest, taxes, depreciation and amortization (EBITDA) of €15 million to €18 million (Q1 2016: €41.3 million). The SMA Managing Board is confirming the 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. Net cash will rise to more than €400 million thanks to high operating cash flow.

“Fiscal year 2017 will undoubtedly be a challenge for the entire photovoltaics sector,” said SMA Chief Financial Officer Ulrich Hadding. “The continued high pricing pressure in all markets and segments combined with poor weather conditions in important sales markets such as the U.S. are also impacting SMA’s business performance in the first quarter. However, we expect business to pick up over the coming quarters and are therefore confirming our forecast for the year as a whole. Due to the low capital intensity of our business model, we will continue to build our financial strength in the current fiscal year.”

The SMA Annual Report for 2016 is available online at www.SMA.de/IR/FinancialReports.

Comparison of Key Financial Data

20152 20162 Forecast 2017
(Jan. 26, 2017)2
Inverter output sold GW 7.3 8.2 -
Sales € million 981.8 946.7 830-900
EBITDA € million 121.1 141.5 70-90
Working capital
(% of sales)
% 22.3% 23.8% 22%-25%
CapEx
(incl. capitalized R&D)
€ million 48.3 29.0 approx. 50
Net cash € million 285.6 362.0 >400

2 Not including Railway Technology business division (discontinued operations)


About SMA
The SMA Group with sales of around €1 billion in 2016 is the global market leader for solar inverters, a key component of all PV plants. SMA offers a wide range of products and solutions that allow for high energy yields for residential and commercial PV systems and large-scale PV power plants. To increase PV self-consumption efficiently, SMA system technology can easily be combined with different battery technologies. Intelligent energy management solutions, comprehensive services and operational management of PV power plants round off SMA’s range. The company is headquartered in Niestetal, near Kassel, Germany, is represented in 20 countries and has more than 3,000 employees worldwide, including 500 working in Development. SMA’s multi-award-winning technology is protected by approximately 900 patents and utility models. Since 2008, the Group’s parent company, SMA Solar Technology AG, has been listed on the Prime Standard of the Frankfurt Stock Exchange (S92) and is currently the only company in the solar industry that is listed in the TecDAX index.


SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Germany

Head of Corporate Communications:
Anja Jasper
Tel. +49 561 9522-2805
This email address is being protected from spambots. You need JavaScript enabled to view it.

Press Contact:
Susanne Henkel
Manager Corporate Press
Tel. +49 561 9522-1124
Fax +49 561 9522-421400
This email address is being protected from spambots. You need JavaScript enabled to view it.


Disclaimer:
This press release serves only as information and does not constitute an offer or invitation to subscribe for, acquire, hold or sell any securities of SMA Solar Technology AG (the “Company”) or any present or future subsidiary of the Company (together with the Company, the “SMA Group”) nor should it form the basis of, or be relied upon in connection with, any contract to purchase or subscribe for any securities in the Company or any member of the SMA Group or commitment whatsoever. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended.

This press release can contain future-oriented statements. Future-oriented statements are statements which do not describe facts of the past. They also include statements about our assumptions and expectations. These statements are based on plans, estimations and forecasts which the Managing Board of SMA Solar Technology AG (SMA or company) has available at this time. Future-oriented statements are therefore only valid on the day on which they are made. Future-oriented statements by nature contain risks and elements of uncertainty. Various known and unknown risks, uncertainties and other factors can lead to considerable differences between the actual results, the financial position, the development or the performance of the corporation and the estimates given here. These factors include those which SMA has discussed in published reports. These reports are available on the SMA website at www.SMA.de. The company accepts no obligation whatsoever to update these future-oriented statements or to adjust them to future events or developments.

Read more: 2016 Results: SMA Solar Technology AG...

SMA Solar Technology AG and MVV Energie AG Partner on Direct Marketing of Solar Power

05/31/17

Category: News  

SMA Solar Technology AG (SMA/FWB: S92) and the Mannheim-based energy company MVV Energie AG (MVV/ISIN: DE000A0H52F5; WKN: A0H52F) have entered a strategic partnership in direct marketing of solar power. The aim is to work together to develop a solution that enables installers and operators of PV systems with an output of more than 100 kWp to integrate these systems directly into energy trading simply and cost-effectively immediately upon commissioning. The goal is to make it possible to do without the additional technology and processes currently required for transactions, which entail significant capital expenditure for PV system operators.

“SMA will use its unique expertise in PV system technology to evolve into an energy service provider in the years to come,” explained SMA CEO Pierre-Pascal Urbon. “The strategic partnership agreed with MVV today is an important milestone for our digitization strategy. In the future, we will be able to offer commercial PV system operators both system technology for PV systems and energy management solutions as well as straightforward integration into energy trading. Our new digital platform gives commercial customers considerable support in becoming more independent from conventional electric utility companies and increasing their competitiveness.”

“As an innovative frontrunner in the energy transition, we work on products and services that enable our customers to shape their own energy transition and thus become part of the energy system of the future,” emphasized Ralf Klöpfer, chief sales officer at MVV. “We thus support the further expansion of renewable energy, which represents a key component of our corporate strategy. In this new partnership, we will combine our expertise and experience as the leading direct marketer in Germany with SMA’s high performance and market penetration.”

The Renewable Energy Sources Act (EEG) stipulates direct marketing of solar power generated by PV systems with an output of 100 kWp or more. The solutions currently available are often expensive and complicated. The new, joint service from SMA and MVV will be economically attractive, because it does not require any additional auxiliary devices for remote control of PV systems. This communications technology is already included in SMA’s solutions for commercial PV systems. Using coordinated interfaces and processes, MVV will take on all processing for integration into the electricity market, thereby considerably reducing complexity. The joint solution will be launched at the beginning of next year.


About SMA
The SMA Group with sales of around €1 billion in 2016 is the global market leader for solar inverters, a key component of all PV plants. SMA offers a wide range of products and solutions that allow for high energy yields for residential and commercial PV systems and large-scale PV power plants. To increase PV self-consumption efficiently, SMA system technology can easily be combined with different battery technologies. Intelligent energy management solutions, comprehensive services and operational management of PV power plants round off SMA’s range. The company is headquartered in Niestetal, near Kassel, Germany, is represented in 20 countries and has more than 3,000 employees worldwide, including 500 working in Development. SMA’s multi-award-winning technology is protected by more than 900 patents and utility models. Since 2008, the Group’s parent company, SMA Solar Technology AG, has been listed on the Prime Standard of the Frankfurt Stock Exchange (S92) and is currently the only company in the solar industry that is listed in the TecDAX index.


About MVV
With more than 6,000 employees and annual sales of €4.1 billion, the listed company MVV Energie AG is one of Germany’s leading energy companies. The corporate group covers all parts of the energy industry value chain, including energy generation, trading and distribution, own grids as well as sales and energy service business. With its corporate strategy, MVV is consistently focusing on the expansion of renewable energies, increase in energy efficiency and heat and power cogeneration combined with environmentally friendly district heating. Also sales concentrates on the energy system of the future: The focus is on customers with their individual needs and expectations. By developing innovative products and business models, the Mannheim-based company relies on its employees’ established competence and know-how, thus providing its customers from industry, the commercial sector and private households with reliable, economical and environmentally friendly energy supply. MVV Energie is a company in metropolitan Rhein-Neckar.


SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Germany
www.SMA.de

Head of Corporate Communications:
Anja Jasper
Tel. +49 561 9522-2805
This email address is being protected from spambots. You need JavaScript enabled to view it.

Press Contact:
Susanne Henkel
Manager Corporate Press
Tel. +49 561 9522-1124
Fax +49 561 9522-421400
This email address is being protected from spambots. You need JavaScript enabled to view it.


MVV Energie AG
Luisenring 49
68159 Mannheim
Germany
www.mvv.de

Head of Corporate Communications:
Roland Kress
Tel.: +49 621 290-3413
Fax: +49 621 290-2860
This email address is being protected from spambots. You need JavaScript enabled to view it.


Disclaimer:
This press release serves only as information and does not constitute an offer or invitation to subscribe for, acquire, hold or sell any securities of SMA Solar Technology AG or MVV Energie AG or any present or future subsidiary of either of the Companies nor should it form the basis of, or be relied upon in connection with, any contract to purchase or subscribe for any securities in the Company or any member of the SMA Group or commitment whatsoever. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended.

This press release can contain future-oriented statements. Future-oriented statements are statements which do not describe facts of the past. They also include statements about our assumptions and expectations. These statements are based on plans, estimations and forecasts which the Managing Board of SMA Solar Technology AG (SMA or company) and the Managing Board of MVV have available at this time. Future-oriented statements are therefore only valid on the day on which they are made. Future-oriented statements by nature contain risks and elements of uncertainty. Various known and unknown risks, uncertainties and other factors can lead to considerable differences between the actual results, the financial position, the development or the performance of the corporations and the estimates given here. These factors include those which SMA an MVV have discussed in published reports. These reports are available on the SMA an MVV websites. The companies accept no obligation whatsoever to update these future-oriented statements or to adjust them to future events or developments.

Read more: SMA Solar Technology AG and MVV Energie AG...

SHANGHAI, July 24, 2017 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company"), a global leader in the photovoltaic (PV) industry, today announced that it supplied 30 MW ac of PV modules for 2 solar projects in Virginia to Hecate Energy, a leading developer, owner, and operator of power plants in North America and abroad.  

JinkoSolar's high-efficiency modules are powering the 10 MW ac Clarke County project located in Double Tollgate, VA. Connected in June, this project, is the first of two phases, with another 10 MW ac scheduled for 2019. JinkoSolar will also be supplying 20 MW ac for the Cherrydale project currently under construction. Located on Virginia's Eastern Shore, this project marks the first utility-scale solar farm built in Northampton County, VA.

"JinkoSolar is pleased to be working with Hecate Energy on the two notable projects," said Nigel Cockroft, General Manager of JinkoSolar (U.S.) Inc. "We are especially pleased to be a contributor to the recent growth of solar in the state of Virginia." 

"Hecate Energy is pleased to use Jinko Solar modules on these projects and looks forward to continuing its relationship with Jinko on future projects," said Hecate's Vice President of Engineering, Philip Mooney

About JinkoSolar Holding Co., Ltd.

JinkoSolar (NYSE: JKS) is a global leader in the solar industry. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, and other countries and regions. JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 5.0 GW for silicon ingots and wafers, 4.0 GW for solar cells, and 6.5 GW for solar modules, as of March 31, 2017.

JinkSolar has over 15,000 employees across its 8 production facilities in China (5), Malaysia, Portugal and South Africa, 15 oversea subsidiaries in Japan (2), Singapore, India, Turkey, Germany, Italy, Switzerland, United States, Canada, Mexico, Brazil, Chile, Australia and South Africa, and 18 global sales offices in China (2), United Kingdom, Bulgaria, Greece, Romania, United Arab Emirates, Jordan, Saudi, Arabia, Kuwait, Egypt, Morocco, Ghana, Kenya, Costa Rica, Colombia, Brazil, and Mexico.

To find out more, please see: www.jinkosolar.com.

About Hecate Energy
Hecate Energy is a leading developer, owner and operator of power plants in North America and internationally. Hecate Energy brings together business acumen, technical understanding and significant experience in the industry to develop world-class power projects. The company specializes in solar and wind power, natural gas plants and energy storage, unearthing creative approaches to structuring PPAs and financing power projects both in the United States and abroad. Hecate Energy believes in collaborative, long-term partnerships with the communities, organizations and countries it serves. www.hecateenergy.com 

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends, "plans," "believes," "estimates" and similar statements. Among other things, the quotations from management in this press release and the Company's operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in JinkoSolar's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

For investor and media inquiries, please contact:

In China:

Mr. Sebastian Liu
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3056
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Mr. Christian Arnell
Christensen
Tel: +86 10 5900 2940
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

In the U.S.:

Ms. Linda Bergkamp
Christensen, Scottsdale, Arizona
Tel: +1-480-614-3004
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

View original content:http://www.prnewswire.com/news-releases/jinkosolar-supplies-30-mw-ac-for-2-hecate-energy-projects-300492684.html

SOURCE JinkoSolar Holding Co., Ltd.

Related Links

http://www.jinkosolar.com

Read more: JinkoSolar Supplies 30 MW ac for 2 Hecate Energy...

SMA Achieves High Net Cash Flow and Increases Net Cash in Challenging Environment in First Quarter of 2017

05/11/17

Category: News  

Overview Q1 20171:

  • 1.7 GW inverter output sold (Q1 2016: 2.1 GW)
  • Sales at €173.2 million (Q1 2016: €248.1 million) and EBITDA at €15.9 million (Q1 2016: €41.3 million) in line with the Managing Board’s forecast
  • High operating cash flow of €41.6 million (Q1 2016: €55.5 million)
  • Financial stability thanks to solid equity ratio of 49.5% (December 31, 2016: 48.3%) and high net cash of €413.1 million (December 31, 2016: €362.0 million)
  • High order backlog of €626 million, of which €232 million is attributable to the product business
  • Managing Board confirms its sales and earnings forecast for fiscal year 2017


1 Railway Technology is no longer included in the figures for 2016 as the sale of the Railway Technology business division was concluded on March 29, 2017. The comparative figures for the previous year were therefore adjusted retrospectively.


In the first quarter of 2017, SMA Solar Technology AG (SMA/FWB: S92) sold inverters with a total output of 1.7 GW (Q1 2016: 2.1 GW) and generated sales of €173.2 million (Q1 2016: €248.1 million) in a difficult market environment. EBITDA dropped to €15.9 million (EBITDA margin: 9.2%; Q1 2016: €41.3 million, 16.6%). Sales and earnings were in line with the Managing Board’s forecast published on March 29, 2017. The main sales drivers were the commercial PV system segment (Commercial) and large-scale PV power plant segment (Utility) and most important markets were North America, Japan, India, Great Britain and Germany.

In the first quarter of 2017, net income was €6.3 million (Q1 2016: €18.8 million). Earnings per share thus amounted to €0.17 (Q1 2016: €0.54). Despite the decline in sales, SMA generated high operating cash flows of €41.6 million (Q1 2016: €55.5 million) and further increased its high liquidity reserve. Net cash rose to €413.1 million (December 31, 2016: €362.0 million). The equity ratio slightly increased to 49.5% (December 31, 2016: 48.3%). As a result, SMA still has a highly solid balance-sheet structure. A long-term credit line of €100 million from domestic banks underscores SMA’s investment-grade credit rating.

“The first quarter of 2017 was shaped by high price pressure in all markets and segments in addition to poor weather conditions on key sales markets,” explained SMA CEO Pierre-Pascal Urbon. “At the same time, incoming orders developed extremely positively in the first quarter, resulting in a book-to-bill ratio of 1.4. As of March 31, 2017, SMA had an order backlog of around €626 million, of which roughly €232 million was attributable to the product business. Sales and the order backlog in the first three months correspond to approximately half of the Managing Board’s annual sales forecast. In addition, we will roll out other cost-optimized products and solutions on international photovoltaic markets in the coming months and present innovative solutions, including solutions for comprehensive and fully automatic energy management across various sectors, to our customers at leading trade fairs in the near future. This is why we expect to significantly improve our business performance in the second half of the year despite continued high price pressure.”

In light of the high order backlog, the SMA Managing Board confirms its sales and earnings forecast for the 2017 fiscal year published on January 26, 2017. The forecast anticipates sales of €830 million to €900 million and EBITDA of €70 million to €90 million. Net cash will amount to between €400 million and €450 million due to high operating cash flow.

You can find the quarterly statement for January to March 2017 at www.SMA.de/IR/FinancialReports.


About SMA
The SMA Group with sales of around €1 billion in 2016 is the global market leader for solar inverters, a key component of all PV plants. SMA offers a wide range of products and solutions that allow for high energy yields for residential and commercial PV systems and large-scale PV power plants. To increase PV self-consumption efficiently, SMA system technology can easily be combined with different battery technologies. Intelligent energy management solutions, comprehensive services and operational management of PV power plants round off SMA’s range. The company is headquartered in Niestetal, near Kassel, Germany, is represented in 20 countries and has more than 3,000 employees worldwide, including 500 working in Development. SMA’s multi-award-winning technology is protected by more than 900 patents and utility models. Since 2008, the Group’s parent company, SMA Solar Technology AG, has been listed on the Prime Standard of the Frankfurt Stock Exchange (S92) and is currently the only company in the solar industry that is listed in the TecDAX index.


SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Germany

Head of Corporate Communications:
Anja Jasper
Tel. +49 561 9522-2805
This email address is being protected from spambots. You need JavaScript enabled to view it.

Press Contact:
Susanne Henkel
Manager Corporate Press
Tel. +49 561 9522-1124
Fax +49 561 9522-421400
This email address is being protected from spambots. You need JavaScript enabled to view it.


Disclaimer:
This press release serves only as information and does not constitute an offer or invitation to subscribe for, acquire, hold or sell any securities of SMA Solar Technology AG (the “Company”) or any present or future subsidiary of the Company (together with the Company, the “SMA Group”) nor should it form the basis of, or be relied upon in connection with, any contract to purchase or subscribe for any securities in the Company or any member of the SMA Group or commitment whatsoever. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended.

This press release can contain future-oriented statements. Future-oriented statements are statements which do not describe facts of the past. They also include statements about our assumptions and expectations. These statements are based on plans, estimations and forecasts which the Managing Board of SMA Solar Technology AG (SMA or company) has available at this time. Future-oriented statements are therefore only valid on the day on which they are made. Future-oriented statements by nature contain risks and elements of uncertainty. Various known and unknown risks, uncertainties and other factors can lead to considerable differences between the actual results, the financial position, the development or the performance of the corporation and the estimates given here. These factors include those which SMA has discussed in published reports. These reports are available on the SMA website at www.SMA.de. The company accepts no obligation whatsoever to update these future-oriented statements or to adjust them to future events or developments.

Read more: SMA Achieves High Net Cash Flow and Increases...

Intersolar Europe 2017: SMA Energy Solutions Impress Trade Fair Visitors

06/12/17

Category: News  

Combining and optimizing energy flows and thereby reducing costs, the new ennexOS energy management platform from SMA Solar Technology AG (SMA) impressed customers and visitors to the trade fair booth at this year’s Intersolar Europe in Munich. In the future, this cross-segment, modular SMA platform will connect and manage all energy producers and consumers within a system, thus optimizing system costs. SMA’s storage solutions with battery inverters for every application area and battery type were also met with great interest during the three-day trade fair. One particular highlight was winning the Intersolar Award again. The jury of specialists rewarded SMA’s Sunny Tripower CORE1 inverter for setting new standards in installations on flat roofs and ground surfaces. The first freestanding string inverter allows a commercial system to be installed up to 60% more quickly, and simultaneously reduces the total cost of ownership considerably.

“We can look back on an extremely successful trade fair,” said SMA CEO Pierre-Pascal Urbon. “The acknowledgement of our technology with the Intersolar Award again shows that SMA is providing the right solutions for intelligent and cost-efficient use of solar energy. In addition, the new SMA platform ennexOS will give commercial customers considerable support in becoming more independent from conventional electric utility companies and increasing their competitiveness. With our solutions and innovations in the fields of energy management and storage systems for a future-proof, renewable energy supply, we have once again demonstrated that SMA can offer PV system operators not only system technology for PV systems, but also straightforward integration into energy trading.”

Generating, controlling and consuming power more efficiently
For both private and commercial users of residential systems, SMA presented the SMA Power+ and SMA Energy+ solutions, which PV system operators can use to further increase their energy yields and reduce their electricity costs. Furthermore, SMA Energy+ enables battery storage systems to be integrated into a system and makes intelligent energy management possible using the new Sunny Home Manager 2.0, which integrates electrical household appliances even more easily and optimizes power consumption.

Unique concepts for commercial PV systems and PV power plants
In addition to the Intersolar Award winner Sunny Tripower CORE1, which reduces installation costs for commercial PV systems by up to 60%, in the field of decentralized PV systems SMA also presented the new Sunny High Power PEAK1 inverter for the first time. It is specially designed for use in PV power plants with decentralized architecture and combines maximum flexibility in system design with significant cost savings.

Efficient storage solutions for all application areas and battery types
SMA’s storage solutions with battery inverters for every application area and battery type also met with particularly strong interest from Intersolar visitors. The new Sunny Island 4.4M, 6.0H, 8.0H with an integrated user interface for on- and off-grid applications, the new Sunny Boy Storage 3.7, 5.0, 6.0 and the new Sunny Tripower Storage for integration of high-voltage batteries into private and commercial on-grid applications impressed the guests at the trade fair. For large storage systems, SMA presented the new Sunny Central Storage 2200/2500-EV battery inverter for integration of a high level of renewable energies into utility grids with maximum grid stability.

Reliable system solutions for centralized and decentralized PV power plants
In SMA’s large-scale power plant segment, operators, EPCs and investors experienced the top-notch quality of SMA’s solutions for themselves at the SMA booth. This ensures maximum system reliability and long-term availability of system solutions for PV power plants with centralized and decentralized architecture. The new Medium Voltage Power Station 5500SC-EV is the optimum SMA solution for PV power plants up into the gigawatt range.

All information on the new SMA products and solutions is available at www.SMA.de.


About SMA
The SMA Group with sales of around €1 billion in 2016 is the global market leader for solar inverters, a key component of all PV plants. SMA offers a wide range of products and solutions that allow for high energy yields for residential and commercial PV systems and large-scale PV power plants. To increase PV self-consumption efficiently, SMA system technology can easily be combined with different battery technologies. Intelligent energy management solutions, comprehensive services and operational management of PV power plants round off SMA’s range. The company is headquartered in Niestetal, near Kassel, Germany, is represented in 20 countries and has more than 3,000 employees worldwide, including 500 working in Development. SMA’s multi-award-winning technology is protected by more than 900 patents and utility models. Since 2008, the Group’s parent company, SMA Solar Technology AG, has been listed on the Prime Standard of the Frankfurt Stock Exchange (S92) and is currently the only company in the solar industry that is listed in the TecDAX index.


SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Germany

Head of Corporate Communications:
Anja Jasper
Tel. +49 561 9522-2805
This email address is being protected from spambots. You need JavaScript enabled to view it.

Press Contact:
Susanne Henkel
Manager Corporate Press
Tel. +49 561 9522-1124
Fax +49 561 9522-421400
This email address is being protected from spambots. You need JavaScript enabled to view it.


Disclaimer:
This press release serves only as information and does not constitute an offer or invitation to subscribe for, acquire, hold or sell any securities of SMA Solar Technology AG (the “Company”) or any present or future subsidiary of the Company (together with the Company, the “SMA Group”) nor should it form the basis of, or be relied upon in connection with, any contract to purchase or subscribe for any securities in the Company or any member of the SMA Group or commitment whatsoever. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended.

This press release can contain future-oriented statements. Future-oriented statements are statements which do not describe facts of the past. They also include statements about our assumptions and expectations. These statements are based on plans, estimations and forecasts which the Managing Board of SMA Solar Technology AG (SMA or company) has available at this time. Future-oriented statements are therefore only valid on the day on which they are made. Future-oriented statements by nature contain risks and elements of uncertainty. Various known and unknown risks, uncertainties and other factors can lead to considerable differences between the actual results, the financial position, the development or the performance of the corporation and the estimates given here. These factors include those which SMA has discussed in published reports. These reports are available on the SMA website at www.SMA.de. The company accepts no obligation whatsoever to update these future-oriented statements or to adjust them to future events or developments.

Read more: Intersolar Europe 2017: SMA Energy Solutions...

EBENE, Mauritius--(BUSINESS WIRE)--Azure Power (NYSE: AZRE), a leading solar power producer in India, announced that it has filed its annual report on form 20-F for the fiscal year ended March 31, 2017 with the Securities and Exchange Commission of the United States. The annual report can be accessed on Azure Power’s investor relations website at http://investors.azurepower.com/ or www.sec.gov. Azure Power will provide a hard copy of the annual report on form 20-F, at no cost, to shareholders upon request.

About Azure Power

Azure Power (NYSE: AZRE) is a leading solar power producer in India with a portfolio of over 1,000 MWs across 18 states. With over 100 MWs of high quality, operating and committed solar assets, the company has one of the largest rooftop portfolios in the country. With its in-house engineering, procurement and construction expertise and advanced in-house operations and maintenance capability, Azure Power provides low-cost and reliable solar power solutions to customers throughout India. It has developed, constructed and operated solar projects of varying sizes, from utility scale to rooftop, since its inception in 2008. Highlights include the construction of India’s first private utility scale solar PV power plant in 2009 and the implementation of the first MW scale rooftop project under the smart city initiative in 2013.

For more information, visit: www.azurepower.com.

Read more: Azure Power Files Fiscal Year 2017 Annual Report...

Annual General Meeting of SMA Solar Technology AG Discharges Managing Board and Supervisory Board, Resolves Dividend

05/23/17

Category: News  

The shareholders of SMA Solar Technology AG (SMA/FWB: S92) granted full discharge to the Managing Board and Supervisory Board for the 2016 fiscal year with a clear majority of over 99% at today’s Annual General Meeting in Kassel. The remaining items on the agenda were also passed with a large majority. Nearly 400 shareholders attended the 2017 Annual General Meeting of SMA Solar Technology AG, and 85% of those with voting rights were present. The Annual General Meeting followed the suggestion of the Managing Board and Supervisory Board and approved the dividend payout of €0.26 per qualifying bearer share for the 2016 fiscal year.

“After the successful turnaround, SMA regained good strength in earnings and significantly increased cash flow last year,” said SMA Chief Executive Officer Pierre-Pascal Urbon. “SMA has excellent fundamentals and is maintaining the dividend policy pursued since the IPO. As in the boom years, most of our earnings should remain within the company. In this way, we can ensure that SMA is able to implement its strategy from its own resources and become an energy service provider in the years to come.” In the 2016 fiscal year, SMA generated €946.7 million in sales and significantly increased EBITDA to €141.5 million. Net income amounted to €29.6 million. With a payout totaling €9 million, the payout ratio in relation to net income amounts to 32.8%. The depository banks will begin dividend payments on May 24, 2017.

In the first four months of 2017, SMA posted a positive trend in order intake. Since the beginning of the year, order backlog increased by 20% to a total of €646 million. Around €250 million of this amount was attributable to product business. The SMA Managing Board therefore confirmed its sales and earnings forecast for the 2017 fiscal year. The forecast anticipates sales of €830 million to €900 million and EBITDA of €70 million to €90 million. Net cash will amount to between €400 million and €450 million due to high operating cash flow.

The Annual General Meeting elected Alexa Hergenröther to the Supervisory Board by a large majority. She was appointed by the court in August 2016, after Dr. Winfried Hoffmann had stepped down from his position as a shareholder representative. The 12-member SMA Supervisory Board provides equal representation of shareholders and employees. Alexa Hergenröther joined the existing members, Roland Bent, Peter Drews, Dr. Erik Ehrentraut, Kim Fausing and Reiner Wettlaufer, in representing shareholder interests. Employees continue to be represented on the Supervisory Board by Oliver Dietzel, Johannes Häde, Heike Haigis, Yvonne Siebert, Dr. Matthias Victor and Hans-Dieter Werner.

The presentation and the speech given by the Managing Board at the Annual General Meeting, along with further information, can be found on the internet at www.sma.de/en/investor-relations/annual–general-meeting.


About SMA
The SMA Group with sales of around €1 billion in 2016 is the global market leader for solar inverters, a key component of all PV plants. SMA offers a wide range of products and solutions that allow for high energy yields for residential and commercial PV systems and large-scale PV power plants. To increase PV self-consumption efficiently, SMA system technology can easily be combined with different battery technologies. Intelligent energy management solutions, comprehensive services and operational management of PV power plants round off SMA’s range. The company is headquartered in Niestetal, near Kassel, Germany, is represented in 20 countries and has more than 3,000 employees worldwide, including 500 working in Development. SMA’s multi-award-winning technology is protected by more than 900 patents and utility models. Since 2008, the Group’s parent company, SMA Solar Technology AG, has been listed on the Prime Standard of the Frankfurt Stock Exchange (S92) and is currently the only company in the solar industry that is listed in the TecDAX index.


SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Germany

Head of Corporate Communications:
Anja Jasper
Tel. +49 561 9522-2805
This email address is being protected from spambots. You need JavaScript enabled to view it.

Press Contact:
Susanne Henkel
Manager Corporate Press
Tel. +49 561 9522-1124
Fax +49 561 9522-421400
This email address is being protected from spambots. You need JavaScript enabled to view it.


Disclaimer:
This press release serves only as information and does not constitute an offer or invitation to subscribe for, acquire, hold or sell any securities of SMA Solar Technology AG (the “Company”) or any present or future subsidiary of the Company (together with the Company, the “SMA Group”) nor should it form the basis of, or be relied upon in connection with, any contract to purchase or subscribe for any securities in the Company or any member of the SMA Group or commitment whatsoever. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended.

This press release can contain future-oriented statements. Future-oriented statements are statements which do not describe facts of the past. They also include statements about our assumptions and expectations. These statements are based on plans, estimations and forecasts which the Managing Board of SMA Solar Technology AG (SMA or company) has available at this time. Future-oriented statements are therefore only valid on the day on which they are made. Future-oriented statements by nature contain risks and elements of uncertainty. Various known and unknown risks, uncertainties and other factors can lead to considerable differences between the actual results, the financial position, the development or the performance of the corporation and the estimates given here. These factors include those which SMA has discussed in published reports. These reports are available on the SMA website at www.SMA.de. The company accepts no obligation whatsoever to update these future-oriented statements or to adjust them to future events or developments.

Read more: Annual General Meeting of SMA Solar Technology...

Green Party Chair Simone Peter at SMA: Purposefully Promoting the Digitization of Energy Supply

07/06/17

Category: News  

Simone Peter, chair of Alliance 90/The Greens, visited SMA Solar Technology AG (SMA) in Niestetal yesterday. Peter spoke with SMA Chief Executive Officer Pierre-Pascal Urbon and Executive Vice President Alexander Naujoks about the further development of renewable energy in Germany and the digitization of energy supply. According to Peter and Urbon, this offers excellent opportunities in the form of newly emerging business models for companies in the renewable energy industry. Therefore, politicians need to quickly create suitable general conditions to further promote digitization in the energy sector and to develop renewable energy sources in Germany. This is the only way that German companies can continue to play a leading role in international competition.

“The Green Party wants to overcome dependency on petroleum and clear the way for a complete conversion to renewable energy – not only in the energy sector but also in the heating, building and transport sectors,” said Peter. “The transformation of the supply structures towards a decentralized, digital and renewable energy supply across all sectors is an investment and innovation project. It is also a job engine for Germany as an economic location because the technology and infrastructure required are developed by innovative companies like SMA. Politicians must therefore now set the course to lead this forward-looking project to success and strengthen the international leading role of German companies. After the 2017 parliamentary elections, we are calling for a new Renewable Energy Sources Act (EEG) that takes these aspects into account.”

“Digitization is turning traditional energy supply structures upside down worldwide – and it creates completely new opportunities and possibilities for decentralized power producers and consumers. In order to tap into the enormous potential, particularly with regard to the increasingly cost-effective use of solar energy, we require a regulatory environment on both a national and European level that will encourage further development in this field and reduce bureaucratic hurdles,” said Urbon. “This includes eliminating barriers to the peer-to-peer trading of solar energy, encouraging the development of flexible markets and the accelerated expansion of smart grids and smart metering.”

In this context, the “Digitalisation and Solar Task Force” of SolarPower Europe, led by Prof. Bernd Engel, board representative for grid integration at SMA, and Detlef Beister, Business Development Manager at SMA, has published 10 regulatory asks of the industry to accelerate digitization of solar electricity supply.


About SMA
The SMA Group with sales of around €1 billion in 2016 is the global market leader for solar inverters, a key component of all PV plants. SMA offers a wide range of products and solutions that allow for high energy yields for residential and commercial PV systems and large-scale PV power plants. To increase PV self-consumption efficiently, SMA system technology can easily be combined with different battery technologies. Intelligent energy management solutions, comprehensive services and operational management of PV power plants round off SMA’s range. The company is headquartered in Niestetal, near Kassel, Germany, is represented in 20 countries and has more than 3,000 employees worldwide, including 500 working in Development. SMA’s multi-award-winning technology is protected by more than 900 patents and utility models. Since 2008, the Group’s parent company, SMA Solar Technology AG, has been listed on the Prime Standard of the Frankfurt Stock Exchange (S92) and is currently the only company in the solar industry that is listed in the TecDAX index.


SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Germany

Head of Corporate Communications:
Anja Jasper
Tel. +49 561 9522-2805
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Press Contact:
Susanne Henkel
Manager Corporate Press
Tel. +49 561 9522-1124
Fax +49 561 9522-421400
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Disclaimer:
This press release serves only as information and does not constitute an offer or invitation to subscribe for, acquire, hold or sell any securities of SMA Solar Technology AG (the “Company”) or any present or future subsidiary of the Company (together with the Company, the “SMA Group”) nor should it form the basis of, or be relied upon in connection with, any contract to purchase or subscribe for any securities in the Company or any member of the SMA Group or commitment whatsoever. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended.

This press release can contain future-oriented statements. Future-oriented statements are statements which do not describe facts of the past. They also include statements about our assumptions and expectations. These statements are based on plans, estimations and forecasts which the Managing Board of SMA Solar Technology AG (SMA or company) has available at this time. Future-oriented statements are therefore only valid on the day on which they are made. Future-oriented statements by nature contain risks and elements of uncertainty. Various known and unknown risks, uncertainties and other factors can lead to considerable differences between the actual results, the financial position, the development or the performance of the corporation and the estimates given here. These factors include those which SMA has discussed in published reports. These reports are available on the SMA website at www.SMA.de. The company accepts no obligation whatsoever to update these future-oriented statements or to adjust them to future events or developments.

Read more: Green Party Chair Simone Peter at SMA:...

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