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Martifer Solar and Gauss Energia Inaugurate Aura Solar, Latin America's Largest Connected PV Plant


March 26, 2014 - Oliveira De Frades, Portugal

OLIVEIRA DE FRADES, PORTUGAL--(Marketwired - March 26, 2014) -

  • Enrique Peña Nieto, the President of Mexico led the ceremony
  • The 39 MWp Aura Solar plant will produce energy to power more than 160,000 inhabitants and save over 60,000 tons of CO2 annually
  • The project constructed for Gauss Energía, was funded by a local development bank Nafin, by International Finance Corporation (IFC, the World Bank Group) and Corporación Aura Solar.

Martifer Solar, a subsidiary of Martifer SGPS, and Gauss Energía inaugurated the Aura Solar project today -- bringing online Latin America's largest grid-connected PV plant, with a total capacity of 39 MWp. The ceremony was highlighted with the presence of Enrique Peña Nieto, the President of Mexico, which attested to the importance of Aura Solar for the country's energy strategy.

Located in La Paz, Baja California Sur, Mexico, the project was funded by a local development bank Nafin, by International Finance Corporation (IFC, the World Bank Group) and Corporación Aura Solar. Martifer Solar was responsible for the engineering, procurement and construction (EPC) of the plant, and will be responsible for the Operation and Maintenance (O&M) services.

"The conclusion of this PV plant gives us a leading position in the region. We are very proud about the end-result of this project that will provide green energy to many Mexican families. We look forward to continue growing the country's market, which is expected to quadruple in 2014," said Álvaro del Río García, Country Manager of Martifer Solar in Mexico.

The plant has more than 132,000 solar PV panels installed in ground-mounted structures with single-axis solar trackers, and is forecast to offset 60,000 tons of greenhouse gas emissions annually, providing enough power to supply more than 160,000 inhabitants.

"Aura Solar I represents a remarkable platform to develop solar parks in Mexico, and we believe this will be a boost to the new solar industry in the country," remarked Hector Olea, President and CEO of Gauss Energía.

"Aura Solar is an example of the great team spirit of all the entities involved: a renewable energy project that has overcome a considerable number of challenges thanks to each party's commitment to make it a success. This project attests to the strength of Martifer Solar's engineering skills, flexibility to adapt and our expanded global expertise. It reinforces our confidence as leaders in the global PV sector, an industry which presents continuous changes. We are here today to applaud our strong partnership with Gauss Energía and their commitment to the Mexican renewable energy industry," stated Henrique Rodrigues, CEO of Martifer Solar.

With the inauguration of Aura Solar, Mexico's installed PV capacity was quadrupled. This is the first PPA (Power Purchase Agreement) contract between a private company and Comisión Federal de Electricidad, which will ensure the sale of energy production over 20 years. The country's target is to achieve 35% of renewable energy by 2026.

According to latest iHS research report among 700 EPC contractors, Martifer Solar is currently the 5th largest player at the European level and 16th in the World's PV integrators ranking.

ABOUT MARTIFER SOLAR

Martifer Solar is a fully-integrated player in the global photovoltaic market focused on Development, EPC and O&M Service.

The company is based in Portugal and has presence in Europe (Spain, Italy, Greece, Belgium, France, Czech Republic, Slovakia, United Kingdom, Germany, Romania and Ukraine), North and Latin America (United States, Canada, Mexico, El Salvador, Chile, Brazil and Ecuador), Africa (Cape Verde, Mozambique and South Africa) and Asia (India, United Arab Emirates, Singapore and Japan).

In 2012, Martifer Solar's revenues reached 230.8 million euros and, to date, the company has implemented 500 MW of photovoltaic solar energy worldwide.

Martifer Solar is part of the Martifer Group, a multinational industrial group with around 3,000 employees focused on metallic constructions and solar energy. Martifer SGPS, SA is the holding company of the Group and has been listed on Euronext Lisbon since June 2007.

LEARN MORE AT WWW.MARTIFERSOLAR.COM

ABOUT GAUSS ENERGÍA

Founded in 2004, Gauss is a leading business development firm, specialized in Mexico's energy sector. Gauss activity focus on the identification, development and structuring of investment opportunities.

Particularly, Gauss Energía has a wide experience on the development of renewable energy projects in this country. Its knowledge on the regulatory and commercial frameworks in the Mexican energy sector allowed Gauss to participate successfully on the structuring of projects over 300 MW with renewable energy sources.

LEARN MORE AT WWW.AURASOLAR.COM.MX OR WWW.GAUSS.COM.MX

Image Available: http://www.marketwire.com/library/MwGo/2014/3/26/11G013793/Images/President_Inaugurates_AuraSolar-527639111375.jpg

Maya Rao
Martifer Solar
Marketing & Communication Department
P: +1 203 676 7855
F: 351 232 811 389
E: maya.rao@martifer.com

MarketWire

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