Martifer Solar Adds Close to 90 MW to its Italian O&M Portfolio
− Martifer Solar has signed close to 90 MW of contracts to supervise and provide O&M services for third party PV plants in Italy
− These plants will be managed for several prestigious fund management and private equity entities, including DIF and Eland
− This achievement confirms the O&M business unit as a key pillar in the strategy for the Italian market
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.
ABOUT MARTIFER SOLAR
Martifer Solar is a leading fully-integrated player in the global photovoltaic market focused on Development, EPC and O&M Service.
The company is based in Portugal and has presence in Europe (Spain, Italy, Greece, Belgium, France, Czech Republic, Slovakia, United Kingdom, Germany, Romania and Ukraine), North and Latin America (United States, Canada, Mexico, El Salvador, Chile, Brazil and Ecuador), Africa (Cape Verde, Mozambique and South Africa) and Asia (India, United Arab Emirates, Singapore and Japan).
In 2013, Martifer Solar’s revenues reached 274.4 million euros and, to date, the company has implemented more than 500 MW of photovoltaic solar energy worldwide.
Martifer Solar is part of the Martifer Group, a multinational industrial group with around 3,000 employees focused on metallic constructions and solar energy. Martifer SGPS, SA is the holding company of the Group and has been listed on Euronext Lisbon since June 2007.
LEARN MORE AT WWW.MARTIFERSOLAR.COM
DIF is an independent dedicated fund management company, currently managing funds of approximately € 2bn. DIF invests in infrastructure assets that generate long term stable cash flows, including PPP / PFI / P3 and renewable energy assets in Europe and North America.
DIF has a team of over 40 professionals located across its offices in Amsterdam, Frankfurt, London, Paris, Luxembourg, Madrid and Toronto.
LEARN MORE AT WWW.DIF.EU
Eland Private Equity SGECR S.A. is a private equity funds management company, specialized on renewable energy infrastructures. Eland has a solid track record and wide experience in renewable generation and an integrated multidisciplinary team of professionals that have worked together since its foundation in 2006. Through its professionals, Eland locates, analyzes and values investment and divestment opportunities in the renewable energy sector in order to acquire majority holdings in projects that have solid management and fundamentals, growth potential and reliable returns.
Focused in the renewable energy sector, Eland has investments under management in said sector for more than 250MM, which currently include 37 Megawatts of renewable energy generation plants in operation in Spain and Italy and a projects pipeline of more than 150 Megawatts in different countries and technologies. Toronto.
LEARN MORE AT WWW.ELANDPRIVATEEQUITY.COM
Maya Rao - Martifer Solar - Investor Relations & Communications Manager
P: 351 232 811 381 / M: 351 935 992 797