Martifer Solar Develops PV Plant in the UK for Smartenergy Renewables AG
− Martifer Solar has sold the project rights, including the provision of EPC and O&M Services, for a 4.27 MW PV plant located near Exeter to Smartenergy Renewables AG
− The Francis Court plant sale builds upon the combined strengths of Martifer Solar and Smartenergy Renewables in order to maximize the value of the project throughout the solar value chain
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.
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
ABOUT SMARTENERGY RENEWABLES AG
Smartenergy is a young company with strong international exposure. Smartenergy develop smart solutions for all aspects of solar power generation, encompassing project development, project finance, plant construction, solar panel assembly, asset management and operations & maintenance. Smartenergy is deploying and managing a portfolio of power-generating assets and partners with industry leaders to roll out renewable power more efficiently.
Smartenergy Renewables AG is headquartered in Zurich and has offices in Switzerland, Germany, Spain, and Brazil.
LEARN MORE AT WWW.SMARTENERGY.NET
Maya Rao - Martifer Solar - Investor Relations & Communications Manager
P: 351 232 811 381 / M: 351 935 992 797