April 9, 2014 - Martifer Solar, a subsidiary of Martifer SGPS, successfully connected 78.4MWp to the UK grid before the March 31st 1.6 ROC (Renewable Obligation Certificate) deadline. This 78.4MW 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 2MW installed per day, even under the worst winter rainfall reported in the UK since 250 years.
"With the successful completion of this 78.4MW 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 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 100MW 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.