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Martifer Solar completes PV plants in Portugal

Martifer Solar, a subsidiary of Martifer SGPS SA, has completed two solar photovoltaic plants in the Algarve region of Portugal.
Martifer Solar completes PV plants in Portugal

The facilities have a total capacity of 22.4 MWp. The project was developed, built and operated for a fund managed by BNP Paribas Clean Energy Partners.

According to a written statement from the company, the plants, located in Avalades (Silves) and Ferreiras (Albufeira), will avoid the emission of over 14,000 tons of CO2, by producing 37.4 GWh/year.

“These two projects are of utmost importance for Martifer Solar and Portugal and therefore reinforce our commitment to the country, contributing to the creation of jobs and allowing a more sustainable national energy balance. It also confirms the potential of our country in the field of photovoltaic solar energy," said Henrique Rodrigues, CEO of Martifer Solar.

Joost Bergsma, CEO of BNP Paribas Clean Energy Partners, said he viewed the projects as an excellent opportunity to increase and diversify CEPs portfolio of renewable energy projects.

"We saw in Martifer Solar a valuable and reliable partner with the capacity to add value from the beginning and throughout the lifetime of the projects. It was undoubtedly a winning bet to work with such a committed company,” Bergsma said.

The Avalades solar plant, which is one of the largest in Portugal covering an area of over 41 hectares, consists of 66,080 modules and has the capacity of 15.6 MWp, thus preventing emissions of approximately 10,000 tons of CO2 per year and producing enough electricity for the needs of around 12,200 people.

The Ferreiras solar plant consisting of 28,320 modules, in an area of over 16 hectares, with a production capacity of 6.8 MWp, prevents the emission of around 4,000 tons of CO2 per year and produces enough energy for the needs of around 5,300 people.

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