Hanwha SolarEnergy has acquired Martifer Solar’s 6MWp solar PV project, located in the Lisbon area, Portugal. This project is being developed based on the mutual cooperation between Hanwha SolarEnergy, Hanwha SolarOne and Martifer Solar.
Martifer Solar and Hanwha SolarEnergy will provide EPC and O&M turnkey solutions for the solar PV project based on a consortium to carry out the services together. Hanwha SolarOne modules are to be used in the solar PV project, together with the Martifer Solar Single Axis Smartracker. The project is due to be completed in 2012. Hanwha SolarEnergy secured financing for this project from major Korean financial institutions. “Martifer Solar is a reliable partner, especially here in Portugal and this project will be the cornerstone for the possible future partnership for both companies. Hanwha SolarEnergy will fully utilize this particular solar PV project to advance into Portugal solar markets as well as other European solar markets” said Jiho Shin, COO of Hanwha SolarEnergy.
These solar PV plants are expected to produce around 34.3GWh of clean solar energy in the first year of operation alone, the equivalent to the average consumption of more than 23,500 Portuguese families and is expected to avoid the emission to the atmosphere of around 7,000 tons of CO2 per year.
Henrique Rodrigues, Martifer Solar’s CEO, said “Despite the current difficult economic juncture, it demonstrates that the Portuguese renewable energy sector is attractive to foreign investors and I am sure that these projects will bring relevant local benefits, both economically and environmentally.”