Martifer Solar has unveiled a new 100 MW solar PV project pipeline in development in the United Kingdom.
The company, a subsidiary of Portuguese construction and renewable energy giant Martifer SGPS, has in the past few years become a leading fully-integrated developer, engineering, procurement and construction (EPC) and operations and maintenance (O&M) service player in the UK market.
The new 100 MW portfolio consists of utility-scale projects ranging from 5 MW to 26 MW in various stages of development and spread across the U.K. in the South, Midlands, Nottinghamshire and South of Wales regions.
The company expects to complete the projects by early 2015.
Martifer Solar CEO Henrique Rodrigues said, "This new 100 MW pipeline of projects in development within the U.K. establishes our footprint as a leading developer in the global PV market. Driven by momentum and our strategic objectives, Martifer Solar is reshaping its core business into a world-class solar developer across our geographies — the company celebrates this announcement as a significant milestone along the path to our future success in achieving this target."
Martifer Solar's recently received planning consent approval for the 11 MW Rydon Farm and the 4.2 MW Francis Court, located near Exeter in South West England. The company is planning to sell the projects once completed.
The projects being developed as part of the new 100 MW portfolio will also be sold to third party investors once they are ready to build.
João Cunha, director of Martifer Solar UK, stated, "With a healthy pipeline of an additional 100 MW in development within the United Kingdom, our teams dedication and strength are apparent. We have already proven our capabilities with almost 110 MW of utility-scale projects completed within a year, and we are looking to double this capacity for the next year, maintaining a strong and dynamic growth in the UK market."
With the expected transition in the U.K. market from Renewable Obligation Certificates ROCs) to a Contracts for Difference (CfD) application system in April 2015, Martifer Solar remains confident about the utility-scale market in the country.
The company cited recent comments by Greg Barker, the U.K.'s minister of state for Climate Change, indicating there was "great public support for the switch to renewable technologies, with support for technologies such as solar PV at 85%."
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