Martifer Solar develops PV plant in the UK for Smartenergy Renewables AG
Martifer Solar, a subsidiary of Martifer SGPS, has completed development of a 4.27 MW PV plant in the UK for Smartenergy Renewables AG. Located near Exeter, the Francis Court solar plant is part of the portfolio of projects being developed by Martifer Solar in the United Kingdom.

After fully developing the 4.27 MW PV plant, Martifer Solar has sold the project rights and will complete the EPC (Engineering, Procurement and Construction) and subsequent O&M (Operation & Maintenance) Services. Based in Zurich, the investor, Smartenergy Renewables AG, develops smart investment solutions within the renewable energy field and manages a portfolio for institutional and private investors.

The Francis Court PV plant, expected to be completed by the end of February 2015, will be installed on an area of approximately 86,000 m2. The 4.27 MW plant is expected to produce an estimated 4,169 MWh/year. With this production capacity, the plant will offset 1,907 tons of carbon dioxide annually, which is sufficient energy to power more than 2,340 inhabitants per year.

“This achievement for the Francis Court project drives forward our experience and successful track record as an established Developer in the UK. Our team has built and developed a strong portfolio of more than 100 MW of PV projects to suit both the ROC and CfD schemes,” stated João Cunha, Director of Martifer Solar UK, “In addition to this, working together with investors such as Smartenergy Renewables helps to increasingly provide smart and innovative financial solutions to implement projects within our industry.”

The plant will be built using 14,364 polycrystalline modules from Smartenergy Renewables´ recently acquired and upgraded factory in Germany. The cooperation between Martifer Solar and Smartenergy shows how the two companies worked together not only to enforce a strong partnership, but also to add value along different facets of the solar value chain and advance the implementation of innovative financing solutions in the industry.

Horst Hadi Mahmoudi, Chairman and CEO of Smartenergy Renewables AG, said, “Due to the strength of our team and recent strategic acquisitions, Smartenergy Renewables has a clear advantage to add value and provide smart solutions along different parts of the solar value chain. We rely on partners with strong, proven capabilities and experience in the market, such as Martifer Solar, in order to leverage and apply our smart business model and maximize yields for our investors.”

In addition to the realization of the Francis Court project sale, Martifer Solar continues to successfully move forward with its development efforts in the UK market with the recent attainment of planning consent for an 8 MW project, called Hill Farm, in the South of Wales.

Martifer Solar adds close to 90 MW to its Italian O&M portfolio
Martifer Solar, a subsidiary of Martifer SGPS, has added close to 90 MW of new third party O&M contracts to its portfolio in Italy. The plants are located throughout the country and are being supervised for several prestigious Clients, including well-known asset fund managers DIF and the private equity fund, Eland.

Martifer Solar has been able to distinguish its O&M Service capabilities in Italy by leveraging a resourceful and qualified local O&M staff, the company´s high quality processes and systems integration, such as its award-winning Operation Management System, and its global industry expertise.

Henrique Rodrigues, CEO of Martifer Solar, said, “We are proud when Clients such as DIF and Eland rely on our O&M team to complement their Asset Management services as it demonstrates that the market is recognizing our strength and reliability as a global O&M Service provider.”

David Lau, Associate Director from DIF, stated, “As our strategy is focused on targeting investments that generate predictable, long-term and stable cash flows, we need to count on a credible and trusted partner like Martifer Solar to provide operation and maintenance services for our assets.”

Miguel Doménech, Managing Partner from Eland, said, “Eland manages private equity funds and we target above market returns for our investors. Martifer Solar´s expertise and significant portfolio of PV plants already under O&M management were deciding factors in our choice.”

With this recent achievement from the Italian team, Martifer Solar´s global solar O&M portfolio has grown to more than 550 MW of plants under supervision across Europe, Asia and the Americas. The portfolio is comprised of both plants completed by third parties and those built by Martifer Solar.

The recent addition to the Italian portfolio will strengthen Martifer Solar´s pace as the third largest vertically-integrated O&M player in Europe, as named by recognized research firm, Greentech Media Research.

“As we have done here in Italy, as well as other European markets such as Spain, France and the UK, we expect to double the capacity of our O&M portfolio in the near future,” added Henrique Rodrigues.

Martifer Solar Canada and Triumph create partnership for canadian PV market
Martifer Solar Canada, a subsidiary of Martifer Solar SA, and Triumph, Inc. have entered into a strategic partnership to serve the growing demand for solar PV in the Canadian market. The partnership will be called Martifer Solar Triumph and will add unique value to the market based on the companies´ shared complementary competencies. Martifer Solar is a global leader in the PV market with an established track record. Triumph is a General Contractor and leading provider of roofing products and services with more than 25 years of experience in the Canadian construction sector.

Martifer Solar Triumph will be headquartered in Toronto and focused on the market in Ontario, which has strong incentives for solar photovoltaic installations. The company will be an active player in solar Development and EPC and O&M of rooftop and ground-mounted PVprojects. Martifer Solar Triumph has inherited Martifer Solar´s applications under the FIT3 program in Ontario and is now engaging in development activities under the LRP (Large Renewable Procurement) program.

“Our partnership with Triumph will provide the Canadian PV market with strong complementary expertise to drive forward the adoption of solar energy in the country,” stated Pedro Gomes Pereira, President of the North America region for Martifer Solar. “We look forward to the synergies not only for the business growth, but also for the benefit of our Clients.”

Mário Ribeiro, founder and President of Triumph and the new CEO of Martifer Solar Triumph, said, “I am excited about the great potential for Martifer Solar Triumph in Canada. The new organization we have built will have strong capabilities to empower Triumph´s existing rooftop customers with the option to gain added benefits with solar PV. In addition, we have the added value of Martifer Solar´s global expertise and proven competency in developing and building solar PV projects, which can be adapted to the Canadian market.”

Martifer Solar Triumph is already looking ahead with plans to expand the business throughout Canada. As Triumph has an existing office in Calgary, the company anticipates its expansion into the market of Alberta, where a FiT program is expected to be announced shortly.

Martifer Solar prevails with 8MW PV Plant in Ukraine
Martifer Solar, a subsidiary of Martifer SGPS, has built a new PV plant in the Vinnytsia region of Ukraine. The 8 MW PV project, called Shargorod, represents one of the most challenging projects to date that the company has successfully completed in the country.

Despite the complex political and economic events that have been unfolding in Ukraine throughout the first half of 2014, Martifer Solar was able to deliver this 8 MW plant on time and within 3 months of construction time. The Shargorod plant is located less than 300 km southwest of Kyiv in the Vinnytsia Oblast of Ukraine.

“This new 8 MW plant is a significant achievement for the team as it strongly displays our company’s ability to adapt and manage complex projects under extreme conditions. In addition, this PV project is one of the first of its magnitude to satisfy the current local-content requirements in place within the country,” said Francisco Queirós, Country Manager for Martifer Solar in Ukraine. “We are proud to work closely in our partnership with Rengy Development to maximize the potential for solar development in the Ukrainian market.”

This new PV project denotes the sixth project which Martifer Solar has built in Ukraine for its Client, Rengy Development, which amounts to a total portfolio of 29 MW of utility-scale PV implemented in the country since August 2012.

“As we maintain our investment and development of solar projects in Ukraine, we continue to rely on the strength and proven talent of Martifer Solar as a partner in the market,” said Narek Harutyunyan, Managing Director of Rengy Development. “We have shared several success stories in the Ukrainian market and this 8 MW plant surpassed our expectations given the current situation in the country.”

Martifer Solar completed the 8 MW PV plant on an area of approximately 160,000 m2, using 33,000 modules installed on fixed structures. The Shargorod plant is expected to produce an estimated 9.2 GWh/year. With this production capacity, the project will offset 3,855 tons of carbon dioxide on an annual basis, which is sufficient energy to power more than 11,000 inhabitants in the Vinnytsia region per year.

Filinto Martins, Regional Manager for Martifer Solar in Europe, added, “In addition to our work in Ukraine, Martifer Solar is executing a more comprehensive approach to further opportunities in the PV market across Eastern Europe, which will generate future growth for both our company and solar development in the region.”

Martifer Solar honored with "Business Expansion" award from UK Trade & Investment
Martifer Solar, a subsidiary of Martifer SGPS, has been honored in the category of “Business Expansion” by the UK Trade & Investment (UKTI), a British government organization that supports international expansion and promotes global investment within the United Kingdom. The company has made a significant contribution and investment into the UK market with its work in the development of utility-scale solar PV projects.

Martifer Solar has become one of the leading fully-integrated players in the UK solar market since its entry in 2011. The company has built more than 110 MW within the past year, including a cluster of nearly 80 MW in partnership with a British company. In addition, Martifer Solar recently announced a new 100 MW portfolio to be fully developed and completed by early 2015. The company has invested a significant amount of money in the United Kingdom as the solar market continues to boom.

“We are pleased to receive this prestigious award from UKTI. It is the best recognition to our UK team’s accomplishments throughout the last couple of years. Thanks to their commitment and hard work, today Martifer Solar benefits globally from the investment made and growth potential in the UK market” said Henrique Rodrigues, CEO of Martifer Solar.

The UKTI awards were presented to more than 10 Portuguese companies who collectively have invested more than €16.3M in 2013. The award category of “Business Expansion” recognizes the international company considered to have the greatest potential for expansion and growth in the UK market. The award ceremony took place at the British embassy in Lisbon, Portugal on 1st July.

Filinto Martins, Regional Manager of Europe, said, “The ‘Business Expansion’ award sets Martifer Solar as a leading global player and demonstrates the company’s success in its strategic focus towards the Development of utility-scale solar projects. We see great potential in the country—also within new segments such as rooftops, where we have strong expertise—and look forward to continue expanding our footprint as a leading Developer in the UK and across other European markets too.”

Martifer Solar energizes the 2014 FIFA World Cup
Martifer Solar, a subsidiary of Martifer SGPS, is powering the 2014 FIFA World Cup with its 1.4 MW installation on the rooftop of the Mineirão stadium in Belo Horizonte, the capital city of the Brazilian state of Minas Gerais. The company completed the PV plant as part of the Minas Solar 2014 program for Companhia Energética de Minas Gerais (CEMIG) and their partners, German bank kfW and Minas Arena.

The Mineirão stadium will make history on 14th June during the match between Colombia and Greece, as it will kick off the first ever World Cup game to be played in a solar-powered stadium. In total, the stadium at Belo Horizonte will host six games of the 2014 FIFA World Cup, including a semi-final match on 8th July. According to a recent statement from CEMIG, the 1.4 MW PV installation at Mineirão stadium is the first investment of its type, as well as being the first large-scale solar power facility in operation within the country of Brazil.

Henrique Rodrigues, CEO of Martifer Solar, said, “We are pleased to take part in this historic milestone for FIFA and the country of Brazil. Martifer Solar continues to enforce its global leadership position in the PV industry as it takes one step forward to showcase solar energy at the world’s largest sporting event, the FIFA World Cup.”

Marco Aurelio Dumont Porto, CEMIG’s Manager of Alternative Energy, said, “The solar installation at the Mineirão stadium represents a milestone in the history of the company and reaffirms its innovative character. Approximately R$ 15 million were invested in the implementation of the first solar plant of the state and in the improvement of the distribution network in the surrounding region.”

The 1.4 MW PV installation at the Mineirão stadium was built on an area of approximately 10,000 m2, which covers more than 85% of the stadium’s rooftop. There are 5,910 modules installed in a fixed position, which totals an estimated production capacity of more than 1.6 GWh on an annual basis. With this capacity, the PV plant will offset 139.7 tons of carbon dioxide each year, which is sufficient energy to power more than 2,700 inhabitants in Brazil on an annual basis.

Mr. Porto continued, “We are proud to know the tremendous legacy that will be left due to the implementation of this power plant, not only for the employees of our company that benefitted from learning so much, but also for the people to see up close this new source of power. We take the opportunity to thank Martifer Solar for its support and professionalism of its employees who have spared no efforts in making this achievement possible.”

“As solar energy becomes increasingly competitive with other sources of renewable energy, there is growing support for the sector at the regional level among Brazilian states such as Minas Gerais and Pernambuco. Martifer Solar has already proven itself as one of the key EPC companies in Brazil, based on our achievements and we look forward to continue contributing to the emerging PV market in the country,” said Paulo Figueiredo, Head of Business Development for Martifer Solar Brazil.

Martifer Solar has been operating in Brazil since 2012, and is currently one of the largest PV players in the market. With its emblematic PV contribution to the LEED-certified factory of General Motors in southern Brazil, the company has a strong track record for its work within the country.

Martifer Solar unveils 100 MW of PV in development in the UK
Martifer Solar, a subsidiary of Martifer SGPS, has unveiled a new pipeline of 100 MW of solar PV projects in development in the United Kingdom. The company has shown tremendous success over the past few years as it has become a leading fully-integrated Developer, EPC (Engineering, procurement and construction) and O&M Service player in the UK market. Martifer Solar’s team in the UK features in-house expertise and capabilities to manage all stages of the project development process, from prospecting and licensing to asset management.

The new 100 MW portfolio consists of utility-scale projects ranging from 5 MW to 26 MW, in various stages of the solar development process. The projects are spread across the UK in the South, Midlands, Nottinghamshire and South of Wales regions. The portfolio is expected to progress along the next several months to boast more fully-developed and shovel ready projects to be completed by early 2015.

Henrique Rodrigues, CEO of Martifer Solar, said, “This new 100 MW pipeline of projects in development within the UK establishes our footprint as a leading Developer in the global PV market. Driven by momentum and our strategic objectives, Martifer Solar is reshaping its core business into a world-class solar Developer across our geographies—the company celebrates this announcement as a significant milestone along the path to our future success in achieving this target.”

Martifer Solar’s recent achievements along its development efforts in the UK include the previously announced Planning Consent approval for 11 MW Rydon Farm and the newly attained Planning Consent for Francis Court. Located near Exeter in Southwest UK, Francis Court is a 4.2 MW project, for which the company is planning to sell its project rights. Additionally, the projects being developed within the new 100 MW portfolio will be sold to third party investors once they are ready to build.

João Cunha, Director of Martifer Solar UK, stated, “With a healthy pipeline of an additional 100 MW in development within the United Kingdom, our team’s dedication and strength are apparent. We have already proven our capabilities with almost 110 MW of utility-scale projects completed within a year, and we are looking to double this capacity for the next year, maintaining a strong and dynamic growth in the UK market.”

With the expected transition in the UK market from ROCs (Renewable Obligation Certificates) to a CfD (Contracts for Difference) application system in April 2015, Martifer Solar remains confident about the utility-scale market in the country. As the UK’s Minister of State for Climate Change, Greg Barker, recently stated from their own polling data, there is great public support for the switch to renewable technologies, with support for technologies such as solar PV at 85%.

Martifer Solar brings 11 MW of utility-scale PV to the south of France
Martifer Solar, a subsidiary of Martifer SGPS, has completed an 11 MW solar PV plant in the South of France for Eco Delta, an independent developer and operator of wind and solar farms. The project is located in Ginasservis, which is in the Provence-Alpes-Côte d’Azur region of France.

The 11 MW project was built within only 10 weeks, which signifies the quick time-to-power capabilities of Martifer Solar. The company was responsible for the engineering, procurement and construction (EPC) and will also manage the subsequent operation and maintenance (O&M) service for the PV plant.

Henrique Rodrigues, CEO of Martifer Solar, said, “The completion of this PV plant is a key indication of Martifer Solar’s success and leadership in mature markets, such as France. As the market is moving towards a post-FiT era, we are prepared to advance our business model in order to drive down the LCoE and to match the evolution towards increased national tender processes and self-consumption projects.”

Martifer Solar completed the PV plant on an area of approximately 200,000 m2, using 42,592 modules installed on fixed structures. The 11 MW plant is expected to produce an estimated 17 GWh/year. With this production capacity, the plant will offset 1,345 tons of carbon dioxide on an annual basis, which is sufficient energy to power more than 7,400 inhabitants in the South of France per year. In addition to the significant environmental benefits that the project provides to Ginasservis, it also provided more than 150 jobs throughout the course of construction.

Chantal GASS, CEO of Eco Delta, stated, “As the developer, owner and operator of this 11 MW solar PV plant, Eco Delta is happy to contribute to the growth of the French renewable energy market. This is our 15th PV plant in operation. We have collaborated several times with Martifer Solar in France and they have always exceeded our expectations in terms of expertise and flexibility within the PV sector.”

A recent report from the Ministry of Ecology, Energy and Sustainable Development shows that approximately 1% of the country’s electricity demand has been met with solar PV. Given the growing electricity rates and the country’s levels of solar irradiance, there is significant room for development in the maturing French PV market.

Davide Pacheco, Country Manager of France for Martifer Solar, said, “We are proud to deliver this 11 MW project to Eco Delta on time and within only 10 weeks, which attests to our reliability and proven capability as a leading EPC player. This accomplishment contributes to the clear path set by recently appointed French Energy Minister, Mrs. Segolene Royal, promising green growth and added jobs for the country, where solar energy is undoubtedly an affordable and competitive solution when compared to other energy sources.”

Martifer Solar has been present in France since 2009 and has implemented close to 50 MW of solar projects throughout the country. In the most recent report from reputable research firm, iHS, Martifer Solar is the 5th largest integrated European installer and 11th in terms of PV Integrator market share in France.

Martifer Solar wins “Best breakthrough” award at Mexican International Renewable Energy Congress
Martifer Solar, a subsidiary of Martifer SGPS, has been recognized as the “Best Breakthrough Company” for 2014 by the Mexican International Renewable Energy Congress (MIREC) Awards. The company has made a significant contribution to the growing solar energy market in Mexico with its recent completion of the 39 MW PV plant, Aura Solar.

Martifer Solar has been heralded as the leading first-mover in the Mexican PV market. The company built Mexico’s breakthrough utility-scale PV project in La Paz, Mexico for Gauss Energía. The recent inauguration of the Aura Solar plant, led by Mexico’s President Enrique Peña Nieto, was a milestone as its connection more than doubled the installed solar PV capacity in Mexico. The project also represents the country’s first PPA (Power Purchase Agreement) between a private company and the CFE (Comisión Federal de Electricidad), powering more than 160,000 inhabitants and offsetting more than 60,000 tons of CO2 emissions.

Álvaro del Rio Garcia, Country Manager of Mexico for Martifer Solar, said, “To be presented with the ‘Best Breakthrough Company’ award from MIREC is a fantastic recognition for our company and its work to grow the solar PV industry in Mexico. We see great potential in the country and look forward to continue reinforcing our commitment to the development and growth of the Mexican market.”

The “Best Breakthrough Company” award was presented to Martifer Solar during the MIREC Gala Dinner at the 3rd Annual Awards Ceremony, held on the evening of the 28th May in the Camino Real Polanco Hotel in Mexico. This award represents the second accolade as a result of the Aura Solar project. In March, the 39 MW plant was awarded the distinguished Infrastructure 360° Award in the Climate & Environment category from the Inter-American Development Bank and Harvard University’s Graduate School Zofnass Program for Sustainable Infrastructure.

“Congratulations to Martifer Solar! Being recognized by the industry and their peers as ‘Best Breakthrough Company’ at the MIREC Awards is a true testament to the work and commitment they have undertaken in Mexico over the past year,” stated James Brady, Head of Solar Business Development for GreenPower Conferences, the organizer of MIREC.

Martifer Solar recently announced news which lends to its further perception as a front-runner in the Mexican market. The company will partner with Citelum on the breakthrough Girasol project to provide the municipality of Izamal with a 1.46 MW solar PV plant, which will power a complete renovation of energy efficient LED lighting.

Martifer Solar and Citelum to power Izamal with clean energy
Martifer Solar, a subsidiary of Martifer SGPS, has entered into a strategic partnership with Citelum, a global leader in public lighting and sustainable urban development. The companies will work together to provide the municipality of Izamal with clean energy through the combined power of solar photovoltaic energy and LED lighting technology. The project, named Girasol, will be located in Izamal, a municipality within the state of Yucatán, Mexico.

Girasol has been developed through a 15-year contract which exists between Citelum and the municipality of Izamal. Citelum has extensive experience in Mexico and on a global basis with similar urban projects. The company is known to apply innovative and unique financial structures for projects throughout Latin America. Martifer Solar will serve as the EPC (engineering, procurement and construction) contractor for the solar power plant portion of the Girasol project. With its impressive track record of the recently inaugurated 39 MW Aura Solar power plant, Martifer Solar is able to contribute its expertise from the construction of Mexico’s largest PV plant.

Álvaro del Rio Garcia, Country Manager of Mexico for Martifer Solar, stated, “Thanks to Citelum’s trust in Martifer Solar, we have a new opportunity to build in Mexico and to maintain our leadership in this market. Martifer Solar continues along its path as a first-mover in the Mexican market by bringing solar PV energy and the company’s demonstrated expertise to the Girasol project.”

The solar PV portion of Girasol will provide the municipality of Izamal with a 1.46 MW ground-mounted installation. The PV plant will be assembled with 4,860 polycrystalline modules in a fixed position. It will be built on land of approximately 10,000 m2, which has been donated by the municipality of Izamal. With a production capacity of 2.1 GWh/year, the plant will avoid 955 tons of CO2 emissions each year and provide the equivalent to the energy consumption of 4,595 inhabitants on an annual basis.

The Girasol project is unique in that the power generation from the 1.46 MW solar PV installation will supply energy to power the comprehensive LED lighting portion of the project. Citelum will ensure the complete renovation of the existing street lights to more efficient LED technology, the upgraded illumination around the municipal buildings and video mapping to promote tourism to Izamal. This project will make Izamal the first municipality in Mexico to have a solar PV system generating energy to supply a public LED lighting project.

Antonio Martínez, Senior Finance Director of Citelum in Mexico, said, “Citelum is driven by a long-standing culture of research and innovation in sustainable lighting solutions, with a footprint spanning more than 20 countries in the world. We are excited to bring this innovative business concept to the municipality of Izamal, together with Martifer Solar, and look forward to setting a trend in the combination of LED lighting and solar PV technologies in Mexico.”

The energy secretary of Mexico, Pedro Joaquin Coldwell, recently announced the ambitious target of 33% of the country’s installed electricity capacity to come from renewable sources by 2018. The Girasol project will not only contribute to this goal, but also will provide a sustainable model for other municipalities with high solar irradiation in Mexico to follow in the future.

Martifer Solar delivers first grid parity project in Italy to Ikea
Martifer Solar, a subsidiary of Martifer SGPS, has delivered one of the first unsubsidized solar power plants in Italy for the Ikea Group on the rooftop of a new commercial store in Pisa, Tuscany. The project has a total capacity of 696.15 kWp and has been structured without a feed-in-tariff approach.

This realization is a breakthrough in terms of a solar PV business model because it provides Italy with the possibility to build a stable solar industry without the reliance on government incentives. The power generation from this PV project will be at a Levelized Cost of Electricity (LCoE), which is equal to or less than the price of electricity being sold from the grid.

“As a future-oriented company, Martifer Solar achieved a historical milestone with this project completed together with IKEA Group. This achievement means that solar energy is as cost-competitive as any other energy source in Italy and principally, without subsidies. The solar industry is approaching grid parity in an increasing number of places worldwide,” says Henrique Rodrigues, CEO of Martifer Solar.

Martifer Solar was responsible for the EPC (engineering, procurement and construction) of this 696.15 kWp plant and will be responsible for the subsequent Operation and Maintenance (O&M) service. The grid parity project, with approximately 2,700 modules installed on fixed structures, will produce the equivalent amount of electricity for nearly 800 inhabitants and will avoid 373 tons of CO2 emissions per year.

“The partnership with Martifer Solar has enriched us with new experience making us a company oriented to solar PV business. The installation of Pisa is the largest of our stores in Italy and the first polycrystalline technology for Ikea. Another step forward to create a better daily life for many people," says Ferdinando Ricco, Technical Installation Manager of IKEA Italia Property S.r.l.

According to Valerio Senatore, General Manager of Martifer Solar in Italy, “This is a solid proof that grid parity in Italy is now a reality and we are proud to move toward this new market concept. Moreover, we are honored to have reached this important goal cooperating with one of the most recognized industrial groups worldwide.”

Analysts at the Deutsche Bank predicted in a 2013 report that markets such as Italy and India would see a transition from feed-in-tariffs to “sustainable” markets with a surge in grid parity projects within a year. Martifer Solar has been present in Italy since February 2008. According to latest iHS research report among 700 EPC contractors, Martifer Solar was appointed as the 5th largest player at the European level and 16th in the World’s PV integrators ranking.

Martifer Solar and Adenium Energy Capital awarded PPA for 10 MW pv plant in Jordan
Martifer Solar, a subsidiary of Martifer SGPS, and Adenium Energy Capital, a Dubai-based investment and development company, were awarded a Power Purchase Agreement (PPA) for a 10 MW AC solar PV plant in Ma’an, a city located in the southern part of Jordan. The companies executed the 20-year PPA with the national utility of Jordan, NEPCO (National Electric Power Company), at a tariff rate of USD $0.169, which will provide reliable electricity with significant savings compared to the country’s current fuel oil generation rates.

Martifer Solar has been selected as the lead developer of the 10 MW project, as approved by the Jordan government. In addition, the company will provide engineering, procurement and construction (EPC) services for these first 10 MW. Following the connection of the plant, Martifer Solar will be responsible for the related operations and maintenance (O&M) service.

The project is being developed with Adenium Energy Capital, an investment company specializing in the financing and development of clean energy with a strong track record in finance and asset-based investments. Adenium will finance this project with a total value of around USD $26 million. This investment represents Adenium’s third solar infrastructure investment vehicle over the last two years, adding to its current 65 MW portfolio in Japan and 60 MW in Italy.

“The successful award of this PPA for a new 10 MW plant in Jordan confirms our abilities as a fully-integrated player capable of adapting our 360° business model to new and emerging markets. The fact that the Jordan government has approved Martifer Solar as the lead Developer for this project is the best testimonial to our proven strength and track record in project development from other successful markets, such as the United Kingdom,” stated Henrique Rodrigues, CEO of Martifer Solar. “We look forward to additional achievements throughout 2014 as we continue to stay one step ahead as a leader in the global PV market.”

The 10 MW solar PV plant will be built in an area of approximately 260,000 m2, using modules installed on single-axis trackers and is expected to produce an estimated 25 GWh/year. With this production capacity, the plant will offset 14,138 tons of carbon dioxide on an annual basis, which is sufficient energy to power more than 27,000 inhabitants in Jordan per year. In addition to the significant environmental benefits the project will provide to Jordan and the Ma’an area, it will also spur economic growth by providing more than 100 jobs to the local community.

“This project is a groundbreaking development for solar power in Jordan and the region. Our solar project is going to generate power from a clean source of energy, increasing Jordan’s energy independence. Moreover, this will present great economic savings to the Jordanian government and we are proud to be part of that solution with Martifer Solar. As for Adenium, this represents an important achievement in our region, making our investment one of the few private renewable energy investments in the Middle East,” said Wassef Sawaf, CEO of Adenium.

Jeremy Crane, Adenium’s COO, also commented, "The execution of the PPA marks an exciting milestone for Adenium after three years of work. Over the coming months our team will be structuring financing, finalizing construction contracts, and ultimately contributing to building a new economic sector for Jordan."

“We are pleased to be working together with Adenium Energy Capital and to have been awarded one of the coveted 12 agreements signed under the first round of projects from the Ministry of Energy and Mineral Resources in Jordan. This accomplishment attests to Martifer Solar’s step forward as a leading developer on a global scale and contributes significantly to Jordan’s future economic development. We will continue to pursue new opportunities within this emerging market and the greater Middle East region,” said Eduardo Pereira, Head of Middle East Business Development for Martifer Solar.

According to a statement given to the Jordan Times by Energy Minister, Dr. Mohammad Hamed, the projects awarded under this first round of the National Renewable Energy Plan will significantly help to cut the country’s rising energy bill, which is one of the main challenges being addressed at this time.

The National Renewable Energy Plan calls for up to 600 MW of solar projects to be connected to the grid in Jordan by 2020. In order to obtain this goal, the government of Jordan has established a renewable energy target in order to generate 10% of the country’s electricity from renewable sources by 2020.

Martifer Solar connects nearly 80 MW to the UK grid in nine weeks
Martifer Solar, a subsidiary of Martifer SGPS, successfully connected 78.4 MWp to the UK grid before the March 31st 1.6 ROC (Renewable Obligation Certificate) deadline. This 78.4 MW cluster consists of five plants and was built for Lightsource Renewable Energy. The construction of the portfolio was completed by Martifer Solar in record timing—time-to-power was only nine weeks, which equates to almost 2 MW installed per day, even under the worst winter rainfall reported in the UK since 250 years.

With this realization, Martifer Solar presents a track record of almost 110 MW of solar PV projects connected in the UK throughout the span of one year. The company has demonstrated a continuous commitment to the development and construction of utility-scale projects in the UK market since its entry in 2011.

“With the successful completion of this 78.4 MW portfolio, Martifer Solar strongly expresses its reliability and capability to overcome assumed project challenges,” said João Cunha, Martifer Solar’s Country Manager in the United Kingdom. “Moreover, the implementation of almost 110 MW in one year represents an important milestone for the company as we transition from a strong EPC player to a lead Developer of projects in the UK.”

The total capacity of almost 110 MW added to the grid has been built for Lightsource Renewable Energy, a reflection of the trusted partnership with Martifer Solar in the UK.

Martifer Solar has been targeting its core strengths along the solar value chain in the country, ensuring a leading role as a Developer in the market. To date, Martifer Solar has sold a total of 37 MW of fully-developed and commissioned PV plants, and recently attained Planning Consent for Rydon Farm—an 11 MW site which belongs to the company’s previously announced 50 MW portfolio and will be built under 1.4 ROCs.

The company targets to complete the remainder of development for this portfolio throughout the next several months. In addition, Martifer Solar has begun the development of new portfolio of projects with a total capacity of approximately 100 MW in the UK. The portfolio will be addressed to generate projects to be connected under 1.4 ROCs and 1.3 ROCs.

“The UK was one of our most successful markets in 2013 and is a true representation of Martifer Solar’s successful expansion into a fully-integrated PV player. As we continue working towards our key strategic objectives in 2014, we can expect more milestones and achievements that will reinforce the company’s position as a credible and bankable partner in the PV industry and financial markets,” said Henrique Rodrigues, CEO of Martifer Solar.

In a recent announcement, NPD Solarbuzz upgraded their forecast for the UK PV market to 2.5 GW in 2014 due to stronger than anticipated results in Q4 2013 and an enduring confidence of project developers and investors in the market.

The UK is set to be the strongest European market in 2014 with a projection of approximately 700 - 900 MW of projects to be installed in the first three months. Based on this forecast and with the largest PV portfolio now connected, Martifer Solar predicts a 9 – 11% market share for the first quarter.

Martifer Solar and Gauss Energía inaugurate Aura Solar, Latin America’s largest connected PV plant
Martifer Solar, a subsidiary of Martifer SGPS, and Gauss Energía inaugurated the Aura Solar project today –bringing online Latin America’s largest grid-connected PV plant, with a total capacity of 39 MWp. The ceremony was highlighted with the presence of Enrique Peña Nieto, the President of Mexico, which attested to the importance of Aura Solar for the country's energy strategy.

Located in La Paz, Baja California Sur, Mexico, the project was funded by a local development bank Nafin, by International Finance Corporation (IFC, the World Bank Group) and Corporación Aura Solar. Martifer Solar was responsible for the engineering, procurement and construction (EPC) of the plant, and will be responsible for the Operation and Maintenance (O&M) services.

“The conclusion of this PV plant gives us a leading position in the region. We are very proud about the end-result of this project that will provide green energy to many Mexican families. We look forward to continue growing the country’s market, which is expected to quadruple in 2014,” said Álvaro del Río García, Country Manager of Martifer Solar in Mexico.

The plant has more than 132,000 solar PV panels installed in ground-mounted structures with single-axis solar trackers, and is forecast to offset 60,000 tons of greenhouse gas emissions annually, providing enough power to supply more than 160,000 inhabitants.

“Aura Solar I represents a remarkable platform to develop solar parks in Mexico, and we believe this will be a boost to the new solar industry in the country,” remarked Hector Olea, President and CEO of Gauss Energía.

“Aura Solar is an example of the great team spirit of all the entities involved: a renewable energy project that has overcome a considerable number of challenges thanks to each party’s commitment to make it a success. This project attests to the strength of Martifer Solar’s engineering skills, flexibility to adapt and our expanded global expertise. It reinforces our confidence as leaders in the global PV sector, an industry which presents continuous changes. We are here today to applaud our strong partnership with Gauss Energía and their commitment to the Mexican renewable energy industry,” stated Henrique Rodrigues, CEO of Martifer Solar.

With the inauguration of Aura Solar, Mexico’s installed PV capacity was quadrupled. This is the first PPA (Power Purchase Agreement) contract between a private company and Comisión Federal de Electricidad, which will ensure the sale of energy production over 20 years. The country’s target is to achieve 35% of renewable energy by 2026.

According to latest iHS research report among 700 EPC contractors, Martifer Solar is currently the 5th largest player at the European level and 16th in the World’s PV integrators ranking.

Martifer Solar powers debut PV Project for Yes Energy in Sicily
Martifer Solar, a subsidiary of Martifer SGPS, completed an 892 kWp rooftop installation in Agira, Sicily for Yes Energy, a company resulting in the union between ESCO Yousave of Innowatio Group and Stilo Real Estate Group.

The plant was installed on the rooftop of the Sicilia Outlet Village of Agira, which is located in the region of Sicily. Martifer Solar was responsible for the design and construction of the installation and will also manage the subsequent operation and maintenance (O&M) services for the PV project.

The 892 kWp rooftop installation is Yes Energy´s first venture into solar photovoltaics and relied on the proven reputation and experience of Martifer Solar in the Italian market. The PV project, which produces almost 100% of the energy needs of the whole Sicilia Outlet Village, is assembled with more than 3,567 polycrystalline modules of European production. With a production capacity of 1,415 MWh per year, the plant will produce the equivalent to the energy consumption of over 800 inhabitants and will avoid approximately 702 tons of CO2 emissions each year.

The CEO of Yes Energy, Tiziano Arriga stated, “This plant is the first experience of Yes Energy in the PV sector, for this reason we are even more satisfied to have realized both a good investment for Yes Energy and to have created efficiency in the Sicilia Outlet Village energy expenses.”

“We are pleased to help Yes Energy make their debut solar photovoltaic project in Italy a success. This experience is a confirmation of Martifer Solar´s ability to operate successfully and efficiently in the industrial segment,” said Valerio Senatore, General Manager of Martifer Solar Italy. “The reliability, proven track record and trusted reputation of Martifer Solar have been crucial factors to complete this rooftop plant, supported by the company´s skilled team devoted to maximize each clients´ investment.”

Martifer Solar has been present in Italy since 2008 and has already installed more than 55 MW of solar PV projects throughout the country.

Martifer Solar boosts its presence in the Central American Market
Martifer Solar, a subsidiary of Martifer SGPS, strengthens its position as a leading fully-integrated player in the global photovoltaic market with the opening of an office in El Salvador. The new office is located in San Salvador and will be in charge of business development within the country.

The company is currently working with private investors in El Salvador and actively pursuing utility-scale solar opportunities. An increasing number of utility-scale tenders providing solid opportunity for project development coupled with high levels of solar radiation make it a strong country of growth for renewable energy.

Martifer Solar already has a strong presence in Latin America, with offices in Chile, Brasil and Mexico, where it has completed the largest PV project in the region—the 30 MW AC Aura Solar plant in La Paz.

“Martifer Solar has a proven reputation for its ability to adapt to local markets around the world. The company is currently operating in more than 20 countries over 4 continents and we look forward to bring this extensive know-how to the market in Central America,” said Ismael Garcia, Business Developer for Martifer Solar. “Our new office in El Salvador will allow Martifer Solar to provide on-the-ground support for our clients in Central America and increase our experience in these emerging markets. We see great potential in this region and believe that this office will be a rewarding endeavor for the company.”

As acknowledged by a recent Worldwatch Institute report, approximately 65% of Central America´s electricity comes from renewable energy sources—mostly hydro and geothermal. Therefore, solar energy has plenty of room to develop due to a mix of current frameworks in the region and increasing affordability of PV systems.

According to the latest iHS research report among 700 EPC contractors, Martifer Solar is currently the 5th largest player at the European level and 16th in the World’s PV Integrators ranking.

Martifer Solar builds 78.4 MW portfolio in the UK for Lightsource renewable energy
Martifer Solar, a subsidiary of Martifer SGPS, is building a 78.4 MWp portfolio of photovoltaic plants in the United Kingdom. The utility-scale combined capacity consists of five plants, which are located in the counties of Cambridgeshire, Devon, Nottingham and Swindon.

Following the successful completion of the first round of the previously announced 50 MW in development, Martifer Solar has sold one of these projects located at Spittleborough Farm and entered into an EPC agreement with Lightsource Renewable Energy to construct four additional projects, which aggregate the 78.4 MWp cluster. All five PV plants will be added to the Lightsource asset management portfolio in the UK and Martifer Solar will be retained under an operation and maintenance (O&M) contract to ensure the optimal performance of the plants.

“We are proud to continually enforce our commitment to the development of solar energy in the UK, and with a strong partner in Lightsource Renewable Energy, Martifer Solar has emerged as a leading global player in this market,” said João Cunha, Country Manager of Martifer Solar in the United Kingdom. “We have been very active developers in the UK market and are looking forward to a continued healthy pipeline of utility-scale projects in development to be ready to build throughout 2014 and early 2015.”

Kareen Boutonnat, Managing Director for Lightsource Renewable Energy stated, “With the largest development pipeline in the UK, we have to ensure we build on relationships with our trusted EPCs like Martifer Solar who already have significant experience developing and constructing solar farms in the UK. This local knowledge is vital in ensuring our solar farms are constructed to a high standard and in a responsible nature, respecting the local communities.”

With project capacities between 9 MW and 24.67 MW, their combined capacity results in the largest portfolio being built to date in the UK. The five PV plants consist of 308,418 modules in total installed in ground-mounted fixed structures, across a total area of about 155 hectares. The total portfolio of plants will generate around 69.05 GWh of clean energy each year. The plants will produce equivalent energy to supply the average consumption of 38,815 inhabitants and will offset the emission of approximately 31,582 tons of CO2 annually.

“This achievement of delivering the largest project in the UK expresses our consistency and leading role in the PV market,” said Henrique Rodrigues, CEO of Martifer Solar. ”Revenues wise, 2013 was one of our best years and 2014 is forecasted to be even stronger for Martifer Solar, with further milestones anticipated across the world due to our proven capabilities as a fully-integrated player in key markets, such as in the UK.”

Martifer Solar has been present in the UK market since 2011. According to recent research from NPD Solarbuzz, the large-scale ground-mount segment was the key factor in the UK’s ability to reach 1.45 GW installed PV capacity in 2013, which in turn led to its ranking as the sixth largest country for large-scale solar.

With a growing ground-mount solar PV pipeline which currently tops 5GW, the UK is set to become the largest solar market in Europe for the first time during the quarter of 2014.