Group
03_3523303084e92cf8aeebd8.jpg
05_4228292724e92cf6af0614.jpg
06_6734429884e92cf66597bb.jpg
07_793707304e92cecbb1b81.jpg
02_15151359735061d254d5d19.jpg
04_9468281295061d26619cd9.jpg
09_1681682805061d273f0f08.jpg
11_9562095055061d2828331e.jpg
12_5584573815061d2912b793.jpg
13_7330317825061d2a19c667.jpg
14_3196677945061d2d883cdb.jpg
27/08/2008
Martifer invests in the Brazilian electricity generation market

Martifer announces that Martifer Renewables, the electricity generating unit fully owned by Martifer Group, today invested in a 55% stake in Brazilian company Ventania, a local promoter of electricity generation projects from renewable energy sources.

Ventania owns two wind farms in final stages of construction situated in the north eastern part of Brazil totaling about 14MW that are expected to start production in October this year. It is estimated that these wind farms will reach an annual production of about 61.200 MWh and the electric power produced will be sold to Electrobrás under the terms of a Power Purchase Agreement within the PROINFA programme. The participation of Martifer in these two wind farms is conditional on the authorisation of ANEEL.

Ventania is also developing a portfolio of projects of about 350MW. The investment by Martifer in this controlling stake in Ventania will represent 6,9 million euros. With this transaction Martifer Renewables enters the Brazilian market of electricity generation from renewable energy source, which it considers to be attractive. Ventania principals have a 10 year experience in developing renewable energy projects.

After adding this new market, Martifer Renewables is now present in Portugal, Germany, Spain, Poland, Romania, Ukraine, United States and Brazil. Martifer Renewables’ electricity generation projects from renewable sources in operation or under development reach around 3.300 MW.

 

Download: Press Release (290KB)