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.
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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.”