PV developer Martifer Solar, a subsidiary of Martifer SGPS, has agreed to terms on almost 90MW of third-party operations and management (O&M) contracts with multiple PV plants in Italy.
Martifer Solar will supervise these plants for clients such as asset fund manager DIF and private equity fund, Eland.
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.”
Rodrigues added: “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.”
As a result of this new deal, Martifer Solar’s total O&M portfolio has now increased to 550MW across Europe, the Americas and Asia.
David Lau, associate director of DIF, said: “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.”