The year 2013 presented several challenges at PV industry such as the continued trends of decreased margins jointly with price volatility and consolidation of mature markets.
In this context, MARTIFER SOLAR accomplished strong revenue performance, posting the 2ndhighest revenues in its history (=274.7 M€). This accomplishment is due to the significant achievements in terms of track-record, where 208 MW was added to the company’s total capacity across the globe.
However, 2013 was also a year to learn, addressing some improvement areas: the U.S. EPC subsidiary of MARTIFER SOLAR filed for Chapter 11 restructuring very early in 2014, which has imposed additional impairments on the company.
The efforts in the United States subsidiary have been an additional investment for the corporation and without these specific country issues, 2013 would have presented the best profits ever of MARTIFER SOLAR.
Therefore, the Board of Martifer Solar took significant measures to improve the financial standings in the current year, via the following actions:
- Fully restructure the U.S. EPC subsidiary;
- Reduction of Net Debt; 30% of debt had already decreased in 2013;
- Non-core assets to be sold from the balance sheet.
The backlog of 270 M€ of PV projects enables the clear path set for 2014. It regards streamlining the consolidation efforts, so MARTIFER SOLAR can become a world-class Developer and O&M; provider, determined to drive down LCoE of Solar Energy, committed to provide outstanding price-performance PV business plans that maximizes the value of our Client’s investments while risks are mitigated.
The Company’s growth trend is unparalleled among solar companies in the PV industry; with a total installed capacity of 100MW in the end of 2010, Martifer Solar concludes Q1’14 with a total output of 560 MW, across 4 continents with more than 500 installations.
Achieve 2GW of installed solutions to generate electrical power by 2018.
One step ahead in the development of innovative and competitive solutions for the production and management of electrical power.
||– Ethics and Social Responsibility
At Martifer Solar, we believe in serving our communities via corporate citizenship, promoting a sustainable attitude, integration and education.
Member of PV Cycle, a non-for-profit association that manages a fully operational collection and recycling scheme for end-of-life photovoltaic modules throughout Europe.
In cooperation with APCDI, an association located close to the Martifer Group´s Headquarters, we help the integration in the labor market of people with some disabilities.
Recently, at East Timor via a local school program led by Karingana Association, our Company helped with the electrification of its infrastructures, spreading the Pure Energy to the East Timor children.
Martifer Solar is a leading global player inDevelopment, EPC and O&M Services in the photovoltaic market
Supported by a proven track record and true worldwide presence, the company provides 360º turnkey solutions adapted to each customer’s individual needs. Our achievements place the company among the world’s largest solar companies in the sector, acknowledged by renowned research companies:
5th largest player at the European level and 16th in the World’s PV Integrators ranking
14th on Wiki-Solar for Leading utility-scale construction partners
MARTIFER SOLAR has built a global reputation by deploying outstanding price-performance ratio solar plants that exceed customer expectations, transforming solar energy into green assets by maximizing value and mitigating risks.
Our recognized capabilities across the entire value chain enable us to manage all phases of the solar development cycle, from market and site identification to the grid connection and subsequent plant operation.
MARTIFER SOLAR is a Portuguese-based company with presence in more than 20 countries over 4 continents and has implemented 560 MW of solar energy all over the world.
MARTIFER SOLAR seeks the best solar opportunities in key strategic markets around the world.