Portugal: Martifer and Hanwha to develop 17.6 MWp PV project

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In a statement released, Martifer Solar and Hanwha SolarEnergy have said they will provide EPC and O&M turnkey solutions for the project "based on a consortium to carry out the services together". Meanwhile, the photovoltaic plant will be comprised of Hanwha SolarOne’s modules and Martifer’s single axis Smartrackers. It is scheduled for completion this year.

Hanwha SolarEnergy is said to have secured an undisclosed amount of financing for the project from the Korea-based Shinhan BNPP Global Infrastructure Fund.

"These solar PV plants are expected to produce around 34.3 GWh of clean solar energy in the first year of operation alone, the equivalent to the average consumption of more than 23,500 Portuguese families and is expected to avoid the emission to the atmosphere of around 7,000 tons of CO2/year," continued the statement.

No further details have been released at this time.