MARTIFER INFORMS ABOUT SHARE CAPITAL INCREASE IN MARTIFER SOLAR.
Martifer, SGPS, SA, following its strategic focus on the metallic construction and renewable energy sectors (wind & solar), informs that has been unanimously approved, a 35 million euro share capital increase in its subsidiary Martifer Solar. Share capital will amounts to 50 million euro.
This capital increase, which will take place gradually during the next two years in order to meet investment needs, will be proportionally subscribed by its shareholders. Martifer Solar is controlled at 75% by Martifer Group.
The aim of this operation is to strengthen the capital structure of Martifer Solar, in order to provide the company with endowment to benefit the current growth of the solar sector.
The structure of this share capital increase does not jeopardize Martifer Group’s debt ratios commitments.
Martifer Solar is Martifer’s company dedicated to the development and construction of photovoltaic projects, namely the installation of photovoltaic parks under turnkey or EPC (Engineering, Procurement and Construction) contracts, the development of architectural integration projects and microgeneration, as well as the production of PV panels. It currently has one of the most automated production lines with capacity up to 50 MW/year.
The company has been working to be on the forefront of solar photovoltaic energy, combining the technical flexibility of its solutions with the quality of its products. To ensure an integrated solution to its customers, besides the photovoltaic modules Martifer Solar also provides solar tracking systems (Smartracker), solar parking lots (Smartpark) and a proprietary solution for rooftops without the need of drilling holes.
Martifer Solar is present in Portugal, Spain, Italy, France, Belgium, Greece, United States, Czech Republic and expects to enter into new markets such as Turkey, Bulgaria and Canada, where a huge growth in the solar sector
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