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.