Martifer Solar Hellas completes two photovoltaic plants in Greece
Martifer Solar Hellas has completed construction of two photovoltaic projects in Greece, a 277 KW ground based photovoltaic plant in Kalamos and a 400 KW rooftop installation in Keratea, in the Attica region.

With a total capacity of 677 KW, these two plants cover a total area of 11,142 sqm, producing around 1 GWh/year, the equivalent of the average consumption of almost 200 families, and will prevent the emission of 880 tons of CO2 per year into the atmosphere.

“With almost 50 photovoltaic systems installed in Greece, Martifer Solar Hellas continues to offer high quality turnkey solutions in this market. These two projects demonstrate our premise for on time project delivery. Alongside this, they are assign of our commitment to the country, providing economic and environmental benefits to the local population,” said Theodore Gitzos, General Manager of Martifer Solar Hellas.

Martifer Solar Hellas was responsible for EPC (engineering, procurement and construction) and commissioning of the projects, which consist of polycrystalline modules and string inverters installed on fixed structures.

Construction works were completed in less than a month, and it is worth mentioning that the 400 KW project was certified by TÜV Hellas during the design, construction and the commissioning phase.
Martifer Solar signs contract for first project in Ukraine with 4.5MW capacity
Martifer Solar, a subsidiary of Martifer SGPS, has signed an EPC contract for construction of a 4.5 MW photovoltaic project in Ukraine with Green Agro Service LLC, a company of Rengy Development group. The project marks Martifer Solar's entry into the country where it has opened a new subsidiary, and boosts the company’s focus on internationalization.

The photovoltaic plant, which will be located in Porogi, in the Vinnytsia region, will have capacity to produce 5.37 GWh per year and will prevent the emission of 5,000 tons of CO2 into the atmosphere each year.

The park will be made up of 18,300 modules installed on fixed structures on an area of approximately 10 hectares. As EPC contractor, Martifer Solar will be exclusively responsible for engineering, procurement and construction of the plant, and for its operation and maintenance (O&M). The project is scheduled to be concluded at the end of 2012.

“This is another important step in the internationalization process of Martifer Solar. Since the beginning we have focused on internationalization and we are very pleased with our entry into Ukraine. We are happy that institutions such as the EBRD and Rengy Development have placed their trust in Martifer Solar Ukraine, where our aim is to take a leading position in this high potential market, whilst providing economic and environmental benefits to the local population," said Henrique Rodrigues, CEO of Martifer Solar.

“This is our first solar energy project in cooperation with Martifer Solar and it marks an important step for our company. We hope it will be the cornerstone of what may be a long-lasting partnership in this vibrant and high potential market. We value Martifer Solar’s experience in this sector of a number of European countries and trust that it will benefit the Ukrainian market, which is just starting development of solar energy”, commented Narek Harutyunyan, Managing Director of Rengy Development.

The project’s development was the responsibility of Rengy Development, a company that plans to build several photovoltaic parks in the region, with a total capacity of 50 MW. This is the first solar energy project funded by EBRD, the European Bank for Reconstruction and Development, via USELF (Ukraine Sustainable Energy Lending Facility), an investment facility designed to provide finance to local companies that want to invest in renewable energy projects.

Ukraine, with its high levels of solar radiation, has excellent conditions for implementing photovoltaic projects. The country’s installed capacity is expected to total 300 MW in 2012 and 1 GW at the end of 2013.
Martifer Solar Hellas completes 1.5 MWp photovoltaic plant in Greece
Martifer Solar Hellas has completed construction of a 1.5 MWp photovoltaic plant in Apathia Vrachaki, in the municipality of Trizinias, Greece.

The project, which is owned by Alasia Development S.A, covers an area of 45,000 sq. m. and will produce around 2.2 GWh/year, the equivalent of the average consumption of almost 500 families.

The plant was connected to the grid on 14th September and will prevent the emission of 1,915 tons of CO2 per year into the atmosphere.

Martifer Solar Hellas was responsible for EPC (engineering, procurement and construction), including the commissioning of the solar park, after connection to the grid, and will be in charge of the operation and maintenance (O&M) of the plant. The project consists of polycrystalline modules and string inverters installed on fixed structures.

Construction work was completed in two and a half months despite the fact that the plant was built in an extremely inaccessible location, where the ground inclination was over 30 degrees, which makes it, in terms of design and implementation, one of the most difficult plants that have ever been installed in Greece.

Spyros Kopolas, Chairman of the Board of Martifer Solar Hellas, said: “Our primary goal is to offer high quality PV installations and to cover everything, from the design of the photovoltaic plant to its installation as well as maintenance during its operational phase. At a time when investors are becoming more cautious in choosing a partner for the implementation of their projects, Martifer Solar Hellas continues to deserve investors’ trust whilst offering high quality turnkey solutions in the PV market in Greece”.

Martifer Solar completes two photovoltaic plants in Portugal with a total capacity of 22.4 MWp
Martifer Solar, a subsidiary of Martifer SGPS SA, has today inaugurated two solar photovoltaic plants in the Algarve region of Portugal, with a total capacity of 22.4 MWp, developed, built and operated for a fund managed by BNP Paribas Clean Energy Partners.

The plants, located in Avalades (Silves) and Ferreiras (Albufeira), will avoid the emission of over 14,000 tons of CO2, by producing 37.4 GWh/year, which would correspond to using 22,000 barrels of oil and is the equivalent of the domestic power consumption of over 17,500 people.

“These two projects are of utmost importance for Martifer Solar and Portugal and therefore reinforce our commitment to the country, contributing to the creation of jobs and allowing a more sustainable national energy balance. It also confirms the potential of our country in the field of photovoltaic solar energy," said Henrique Rodrigues, CEO of Martifer Solar.

“As a part of our strategy we saw these projects in Portugal as an excellent opportunity to increase and diversify our portfolio of renewable energy projects. We saw in Martifer Solar a valuable and reliable partner with the capacity to add value from the beginning and throughout the lifetime of the projects. It was undoubtedly a winning bet to work with such a committed company,” said Joost Bergsma, CEO of BNP Paribas Clean Energy Partners.

The Avalades solar plant, which is one of the largest in Portugal covering an area of over 41 hectares, consists of 66,080 modules and has the capacity of 15.6 MWp, thus preventing emissions of approximately 10,000 tons of CO2 per year and producing enough electricity for the needs of around 12,200 people.

The Ferreiras solar plant consisting of 28,320 modules, in an area of over 16 hectares, with a production capacity of 6.8 MWp, prevents the emission of around 4,000 tons of CO2 per year and produces enough energy for the needs of around 5,300 people.

The construction of the two solar plants involved a total of 200 workers; 120 in Avalades and 80 in Ferreiras. Operation and maintenance services, in charge of Martifer Solar, will be provided by more than 10 people.

BNP Paribas Clean Energy Partners and Martifer Solar agree that the cooperation of the Municipal Councils where the solar plants are located was essential to the success of these projects, as was that of other organizations that directly contributed to the development and connection of the solar plants, thus proving that Portugal is a reliable country in which to invest.
Martifer Solar innovates with "Moving houses" project at Solar Decathlon Europe 2012
Martifer Solar, an affiliate of Martifer, SGPS, is involved in the “Casas em Movimento | Moving Houses” project as a technological partner providing solar photovoltaic solutions. The company is thus boosting its focus on developing innovative and pioneering solutions, which can be adapted to a variety of situations.

The project, which has been drawn up by architect Manuel Vieira Lopes, of the Architecture Faculty of the University of Oporto, consists of a prototype revolving house, which is sustainable and self-sufficient and makes use of solar energy to meet day-to-day energy requirements. The project takes advantage of the most advanced technologies available and is intended to be a benchmark for sustainable energy use and the renewable energy sector, particularly solar photovoltaic power.

Interacting with nature, the house follows the changing position of the sun throughout the day, making maximum use of its energy through the photovoltaic modules installed by Martifer Solar on its rooftop. The electricity generated can be used for the house’s own consumption, like charging the batteries of an electric car, or be injected into the electrical grid.

“Martifer Solar, through its Research and Development (R&D) department, seeks to be at the forefront of innovative new solutions, products and projects,” said José Carlos Amador, the R&D Director of Martifer Solar.

Carlos Reis, Marketing and Communication Director of Martifer Solar, said: “The ‘Moving Houses’ project came to us as a distinctive project that is in line with Martifer Solar’s values: Providing innovative photovoltaic solutions to manage and produce clean energy. Martifer Solar works with its eye on the future every day, investing in innovation and development of the communities that surround us, with a constantly proactive attitude towards environmental sustainability.”

The “Moving Houses” project is on show at Solar Decathlon Europe 2012, the world’s largest sustainable architecture competition. Through this partnership Martifer Solar is also at this event, which runs until 30th September in Madrid.
Martifer Solar signs agreement to build a 20 MW photovoltaic project in Mexico
Martifer Solar, an affiliate of Martifer, SGPS SA, has signed an agreement with Consorcio Integrador Sonora80M to build a 20 MW photovoltaic project in Hermosillo, in the state of Sonora, in northern Mexico. The company, which has been in the Mexican market since 2011, will also be in charge of operation and maintenance services.

“After extensive analysis of the different proposals, provided by the main companies within the sector, we chose Martifer Solar, amongst other reasons, for the technical quality put forward, its Smartracker® tracking technology, and for its global experience and track-record,” said Cesar Martín, of Consorcio Integrador Sonora80M.

The project, which will be the first large-scale solar project installed in the country, will make use of solar trackers patented by Martifer Solar, which will optimise the installation’s yield by around 30 percent, and maximise the power distributed to the grid.

This, along with high number of hours of sunshine means that feed in tariffs are not necessary to ensure the project’s competitiveness, compared to other non-sustainable energy sources.

“The agreement signed with Consorcio Integrador Sonora80M proves the success of Martifer Solar’s international expansion strategy and boosts the company’s commitment to the photovoltaic sector in Latin America and in the Mexican market in particular,” said Alberto Rabanal, Regional Manager for Latin America and Board Member of Martifer Solar.

Consorcio Integrador Sonora80M, which since 2009 has been making efforts to build Mexico’s largest photovoltaic plant, also signed power purchase agreements (PPAs) with several municipalities in the region, thus ensuring the sale of power produced by the plant for the next 25 years.
Martifer Solar Completes the construction of a PV plant on the rooftop of Ariston Thermo factory
Martifer Solar has completed in Italy the construction of a photovoltaic installation with a peak power of 750 kWp, on the rooftop of Ariston Thermo factory in Resana (TV). The plant, composed of polycrystalline modules produced by Martifer Solar in Europe (in its factory of Oliveira de Frades - Portugal), started its operation on the 23rd of August 2012.

The plant will benefit from the feed-in-tariff of the Italian “Quarto Conto Energia” for rooftop systems with at least 60% of the components with European supply.

The initiative was developed by Novapower, a company belonging to Merloni Group Holding (holding of the Merloni family’s branch that is the controlling shareholder of Ariston Thermo), which commissioned to Martifer Solar the turnkey construction and future maintenance of the plant, built on Ariston Thermo’s roof - a complex morphology coverage with partial presence of Eternit, which has been removed. The project was realised thanks to the financing of BNP Paribas Leasing Solutions.

According to Valerio Senatore, General Manager of Martifer Solar for Italy "This experience is relevant in order to demonstrate our company’s ability to operate in Italy, not only on large-scale plants on ground, but also in the segment of rooftops, as in several other countries where the group operates. We are also proud to work for such a prestigious Italian group in the world.”

"The cooperation with Martifer Solar," states Sisto Merolla, CEO of Novapower, "allowed us to realise a complex plant on a factory of the Group, struggling against time in order to benefit from the “Quarto Conto Energia”.

Actually, from the 27th of August onwards the “Quinto Conto Energia” became effective in Italy. With a cap of 700 million euros, all-inclusive feed-in-tariffs (encompassing incentive plus electricity sale) and an obligation to enroll in a register for installations beyond 12 kWp, the entry into force of this Decree is postponed to the 1st of January, 2013 for installations on public buildings or areas of public administration.
Martifer Solar concluded its first photovoltaic plant in Romania.
Martifer Solar, an affiliate of Martifer SGPS SA, acting as EPC Contractor, concluded the construction of a 1.5 MW photovoltaic plant in Pufesti, in the Vrancea County, Romania for Eurowind Energy A/S, a Danish company.

Covering an area of almost 4 hectares, the plant will produce enough energy to supply nearly 1,000 families, and it will save the emission into the atmosphere of 1,029 ton of CO2 per year. The project consists of 240W polycrystalline MPrime modules (Martifer Solar brand) installed on fixed structures.

The project was very efficiently developed for Eurowind Energy A/S by Alpha Wind Renewables Romania Srl, with the technical cooperation of Martifer Solar Italian team. Alpha Wind Renewables Romania Srl is a developer with strong track record in the wind and solar business.

According to Pedro Pereira, Martifer Solar’s Director for Europe and Managing Director for Romania: “This has been the first of several PV plants we intend to build in the Romanian market”. Pereira added also that: “Right now the Romanian market is becoming one of the most active ones in the PV sector, in Europe, and we have already a consolidated presence here from which we are expecting to leverage from in order to secure a leading position as an EPC contractor”.

At the beginning of July the plant was concluded and on the 2nd of august it was connected to the grid, becoming one of the first large-scale PV plants to be connected to the Romanian national grid. The plant will be operated by Eurowind Energy A/S, through its Special Purpose Vehicle, AWRR Sun 115 Srl, owned 100% by Eurowind Energy A/S.

On the 5th of September, Martifer Solar and Eurowind Energy A/S have organised an event for the opening of Pufesti PV plant in presence of both companies’ board members and of the representatives of central, county and local stakeholders.

Martifer Solar and Eurowind Energy A/S had already signed a contract in 2011 for the distribution of MPrime components in the Danish and other Scandinavian markets. Following the successful experience with Pufesti project, both companies envisage a future cooperation not only in the Romanian market where they intend to start other projects soon, but also in other markets in Europe.
Martifer Solar and Ingenostrum sign a strategic agreement for a large scale photovoltaic project in Chile
Martifer Solar, an affiliate of Martifer SGPS SA, has signed a strategic agreement to build a large scale photovoltaic project in Chile with Ingenostrum, the biggest developer of photovoltaic projects in that market.

The project will be located in Sierra Gorda, in the Chilean region of Antofagasta, covering an area of 531 hectares.

Ingenostrum, the project developer, will be in charge of engineering, project management and quality control, whilst Martifer Solar will be responsible for supplying equipment, construction works, maintenance and monitoring.

The engineering and construction of this photovoltaic project will make use of technology appropriate for extremely adverse weather and environmental conditions. The companies’ experience in similar projects worldwide is the guarantee of the project’s success and the best operating conditions.

“With this agreement, Martifer Solar is reaffirming its strong commitment to photovoltaic projects in Chile and Latin America. We are acting as a strategic partner for development, construction and maintenance of photovoltaic projects, and we are increasingly standing out as a global player in the solar power sector,” said Alberto Rabanal, Regional Manager for Latin America and Board Member of Martifer Solar.

Chile has a real lack of electricity in the north region and energy costs are known to be high, which makes solar energy a competitive choice in the country, where 2,800 MW of opportunities have been identified in this sector.
Hertz global headquarters outfitted with Martifer Solar USA photovoltaic system
The Hertz Corporation (NYSE: HTZ) has completed the installation of a 229-kilowatt photovoltaic solar system at their global headquarters building in Park Ridge, New Jersey. Martifer Solar USA, a subsidiary of Martifer Solar S.A, completed the design and installation which represents one of more than fifteen in a series of photovoltaic systems designed and installed by Martifer Solar USA at Hertz facilities nationwide. The array is expected to produce more than 263,000 kWh of renewable energy on an annual basis.

“The installation of solar at our headquarters is just another element of our dedication to renewable energy,” said Mark P. Frissora, Chairman and CEO, Hertz. “We are very pleased with the outcome of this project and we commend Martifer Solar USA for their assistance throughout the entire process from the design, engineering and construction and for being a key partner in Hertz’s solar initiative.”

The 900-panel array is expected to offset over 9 million pounds of carbon dioxide in its lifetime—equivalent to recycling 1,485 tons of waste instead of sending it to the landfill.

“Hertz’s installation and commitment to renewable energy will provide the company with a competitive advantage in the form of drastically lower energy costs and a leadership position in the energy sustainability movement. We are privileged to be able to work with such a renowned Fortune 500 company in their endeavors to set an industry clean energy standard,” said Raffi Agopian, CEO of Martifer Solar USA.

The Park Ridge installation was part of a multi-site undertaking that is the first of several anticipated Hertz solar projects nationwide.

Martifer Solar reached a turnover of $71.2 m usd in the u.s market in 2011
In 2011, Martifer Solar obtained operating revenues of $71.2 M USD (51,1 M €) from its operation in United States, representing an increase of 167% YOY. The company has successfully completed more than 70 contracts, setting U.S as a key market for Martifer Solar.

“International experience and consolidated financial strength have been important differentiation factors of Martifer Solar in the U.S.A.” states Henrique Rodrigues, CEO of Martifer Solar.

The company holds more than 30 MW already signed to be completed in 2012 and a project pipeline exceeding 100 MW. Ground-mounted projects, rooftop installations, and also distribution of PV equipment through its MPrime brand, are among the segments that Martifer Solar considers excellent business prospects in 2012.

One of these opportunities is exemplified by the Garfield County Airport Solar Array. This project, completed in record time and with outstanding operating efficiency, was developed in partnership with Clean Energy Collective and offers residential energy at utility scale prices.

Each consumer can buy a panel within the collective structure, where the energy generated is credited directly to its electricity bill every month. A second phase of construction is already set to begin, and it will double the amount of power available to the program participants.

"Our priority is to ensure the profitability of our Clients' investment. Martifer Solar’s achievements in United States show that we are moving in the right direction and lead us to believe that we can build a sustainable future today," remarks Henrique Rodrigues.

During this year, the company aims to enter additional markets and to continue working with world-renowned Clients, such as Hertz and the Westfield Group.
Martifer Solar signs an agreement with General Motors Brasil
Martifer Solar has signed an EPC (Engineering, Procurement and Construction) contract with General Motors Brasil for the construction of a 300 kW photovoltaic installation in a plant of the North American group in Joinville, in the state of Santa Catarina, located in Southern Brazil.

The company has also opened a new subsidiary in Brazil, thus increasing its geographical presence in South America, where it has already other branches in Chile, Mexico and Ecuador.

"This is a very important step in our strategy. We have our objective well defined and we believe in the high potential of the Brazilian market. This project with General Motors confirms Martifer Solar's credibility in the sector's international scene", mentioned Henrique Rodrigues, CEO of Martifer Solar.

Martifer Solar will be responsible for all the design and execution of the project, for the supply of the photovoltaic equipment and for the installation of the monitoring system.

This first project of Martifer Solar in Brazil will be developed in an extremely demanding context, since all the construction is being carried out under the LEED certification (Leadership in Energy and Environmental Design).

The 235 W modules of Mprime (distribution brand of Martifer Solar) will be installed in the factory cover, in fixed structures connected to the existing surface. The installation will produce enough energy to supply the equivalent to the consumption of 285 houses, avoiding the emission in the atmosphere of more than 21 tons of Co2 per year.

GM is investing in more than a billion Brazilian reals in the construction of the Joinville industrial complex, in Santa Catarina, which will include two plants, of motors and transmissions.

The motors plant will be inaugurated until the end of 2012 and will incorporate an assembly of pioneer systems in the areas of energetic efficiency and environmental protection, accrediting the LEED certification (Leadership in Energy and Environmental Design).

The initiatives, which will turn the plant into the most sustainable of GM in the world, include the first photovoltaic energy generation system of the Brazilian automotive industry.

The plant will also recycle 100% of the industrial residues (landfill free), a new treatment of effluents and sewers by means of filtrating gardens and industrial water recycling through reverse osmosis, among others.
Martifer Solar and Hanwha Solarenergy corporation signed contracts for the development of 17.6 MWp solar PV plants in Lisbon, Portugal
Martifer Solar announces the acquisition by Hanwha SolarEnergy of 17.6MWp solar photovoltaic (PV) project, located in Lisbon area, Portugal.

This project is being developed based on the mutual cooperation between Hanwha SolarEnergy, Hanwha SolarOne and Martifer Solar. “This partnership can be a good model showing that Hanwha is strengthening strategic partnerships with EPC providers and developers for successful solar projects.” said Mr. Jiho Shin, COO of Hanwha SolarEnergy.

Martifer Solar and Hanwha SolarEnergy provide EPC and O&M turnkey solution for the solar PV project based on a consortium to carry out the services together. Hanwha SolarOne modules are used in the solar PV project, together with the Martifer Solar Single Axis Smartracker. The project will be completed in 2012. Hanwha SolarEnergy secured finance for this project from major Korean financial institutions.

“Martifer Solar is a reliable partner, especially here in Portugal and this project will be the cornerstone for the possible future partnership for both companies. Hanwha SolarEnergy will fully utilize this particular solar PV project to advance into Portugal solar markets as well as other European solar markets” said Mr. Jiho Shin.

These solar PV plants are expected to produce around 34.3 GWh of clean solar energy in the first year of operation alone, the equivalent to the average consumption of more than 23,500 Portuguese families and is expected to avoid the emission to the atmosphere of around 7,000 tons of CO2/year.

Henrique Rodrigues, Martifer Solar’s CEO, said “This agreement strengthens the excellent relationship established with Hanwha SolarEnergy, confirming the expectations for further cooperation between both companies.

” Also, said “Despite the current difficult economic juncture, it demonstrates that the Portuguese renewable energy sector is attractive to foreign investors and I am sure that these projects will bring relevant local benefits, both economically and environmentally.”

Martifer Solar opens new offices in Romania
Martifer Solar is opening a new office in Romania. Based in Bucharest, the new subsidiary will share the same building of all the other business units of Martifer group which is already present in the Romanian market since 2004. The company is now present in more than 20 countries over 4 continents (Europe, North and Latin America, Africa and Asia).

At this regard, Pedro Pereira, Martifer Solar’s Regional Manager for the Mediterranean and Managing Director for Romania, commented that “with about 500 people working for Martifer group related companies in Romania, entering this market for us is like being home. We know we can count with the support of highly skilled and experienced colleagues which will make our job much easier from the beginning”.

Martifer Solar recently signed an EPC Contract for the construction of a large-scale photovoltaic plant in Romania.

Also according to Pedro Pereira, “based on an intense business development activity we have been doing in the Balkans, we are glad to be one of the first players entering the Romanian PV market with this deal”.

At present, only 2MW of photovoltaic installations are officially grid-connected in Romania.
Martifer Solar delivers 11MW in Caltagirone
The project, located in the municipality of Caltagirone, in the province of Catania, is the result of a strategic agreement signed between Martifer Solar and the fund Copernico, managed by Finanziaria Internazionale Alternative Investment SGR (Finint).

Finint collaborated with its technical advisor Byom, which fully oversaw the Operational Management, during construction phase.

The plant was implemented in two separated phases and with two different connection points: on the 21st of April 2011 the first 3 MW were connected to the grid, and on the 27th of July 2011 the remaining 8 MW were connected, clearly ahead of schedule despite the negative impact of the Romani Decree and of the Fourth Conto Energia, both issued during construction phase.

This achievement is the result of a great effort made by Martifer Solar, operating as the main actor, but especially of the synergies among all the involved parties, who have acted as true partners, through a careful share of responsibilities and risks, without which the project would not have been so successful.

The modules used were produced by First Solar, with CdTe thin-film technology, which allows a great efficiency at high temperatures and during the hours of lower sun exposure. The inverters used, model PVI-330.0, were made by the US Company Power-One, a global leader in the production of inverters in the sector.

This is one of the largest PV plants built in Sicily, which will produce clean energy to supply the annual needs of nearly 5.000 families and will avoid the emission of about 8,900 t of CO2 per year. In the area of intervention several native species of plants (such as the carob tree, the hackberry and the olive tree) were cultivated for an optimal visual and environmental mitigation, in harmony with the surrounding local flora. This outcome demonstrates that it is possible to carry out ambitious engineering projects for the production of energy not harming public health, while using a renewable and inexhaustible source of energy such as solar, as well as guaranteeing a final product that respects nature.

The plant also helped creating a significant number of direct and indirect jobs, involving the local workforce in a region with a high unemployment rate, not only during the construction phase, but also in the 20-year perspective corresponding to the period of Operation & Maintenance (O&M), that will also be managed by Martifer Solar, in order to guarantee the right and full productivity of the plant.

According to Pedro Pereira, Regional Manager of Martifer Solar for the Mediterranean Area and Managing Director for Italy, "We believe, in contrast to the widespread common opinion, that photovoltaic energy should not be only developed through small and medium-sized rooftop installations, but that the contribution of large PV plants is quintessential to provide the country with highly reliable and efficient energy infrastructures, while also guaranteeing the reduction of system costs, so required to shorten the road to grid parity”.
Martifer Solar doubles its revenues a in a two year period
In 2011, Martifer Solar, owned by Martifer SGPS, obtained revenues of 293.2 M€, which represents a 33% growth YoY, and more than the double when compared with 2009 (125%)

This evolution results from an aggressive growth strategy which produced effects throughout 2011. The geographies with higher contribution in terms of Revenue in the period were France, Italy, USA, Portugal and Belgium.

For the fourth consecutive year, Martifer Solar presents positive results: EBITDA reached 20.1 M€ and net profit totalled 9.5 M€. These levels of profitability highlight Martifer Solar in the worldwide solar PV sector, against the sectorial trend, where the results have been negatives in general.

The company’s strategy over the last few years has been driven by diversification, both in its international expansion and in its business segments – supported by the growth in the activity of turnkey construction of PV project, expansion of the distribution business (via its subsidiary MPrime), consolidation of the Operation and Maintenance (O&M) area and the expansion of the development of construction licenses.

Present in more than 20 countries in four continents, Martifer Solar benefits from the growth perspectives for the sector in many of these geographies, namely in the Middle East, Africa, Latin America and Southeast Asia/India, complemented by its presence in mature markets, like the USA and Europe.

“The presented results confirmed our expectations for 2011 and reinforce our confidence in the compliance with the strategic goals for 2013, Martifer Solar believes that its fast execution and its ability to adapt to an industry in constant change will allow it to achieve a leadership position in the PV market”, stated Mr. Henrique Rodrigues, CEO of Martifer Solar.

Martifer Solar completes the construction of a Ground-Mounted project in France
Martifer Solar, subsidiary of Martifer SGPS, has successfully delivered a new ground-mounted photovoltaic installation in France. Located in Les Mées, the plant‘s peak power reaches 2.07 MW and covers an area of 4 hectares.

Besides the Engineering, Procurement and Construction (EPC), Martifer Solar has supplied all PV equipment and will also provide the Operation and Maintenance of the plant, which will be operated by Leonidas Associates IV GmbH & Co. KG, a German-based investment fund.

The PV plant construction, built in a hilly area featuring steep slopes, represented an engineering challenge for Martifer Solar team. “A relevant workforce and special machinery was needed to prepare the land, but once more we were able to transform a challenge into a success and the plant was delivered on time and fully performing”, has declared David Osório Mota, Martifer Solar France Country Manager.

The PV Plant will generate 3,050 MWh/year, supplying clean energy to approximately one thousand homes and avoiding the release of about 275 CO2 tons to the atmosphere.

Established in France since 2009, Martifer Solar has already implemented in the country more than 20 MW, both on ground and roof installations and it’s currently developing several photovoltaic projects for the French market.
Martifer Solar reaches 200MW implemented worldwide
Martifer Solar, subsidiary of Martifer SGPS, achieved by the end of 2011, 200 MW of clean energy implemented worldwide, consolidating its leading position as EPC in the solar sector.

This is an important milestone for Martifer Solar which, through its solid know-how in the production, installation and maintenance of PV projects, its continuous growth during the last four years of activity and its international presence in 19 countries, consolidates its role as a worldwide key player in the sector.

“2011 has been an excellent year and we are truly optimistic about 2012. Our strategy is to focus on the expansion into key markets and to diversify our portfolio of products and services, ensuring a maximum reliability and tailored solutions to our Clients”, said Mr. Henrique Rodrigues, CEO of Martifer Solar.

Martifer Solar’s Operating Revenues at September 2011 achieved 186 million euros, increasing by 30% when compared with the same period in 2010.

“This last year, Martifer Solar teams all over the world have overcome challenges showing that it’s possible to succeed in the photovoltaic international sector despite the current macro-economic difficulties. Our aim is to become one of the top companies in the PV market, in order to further contribute to a sustainable future” said Mr. Rodrigues.