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02/12/2014
Martifer, through its participation in Ventinveste, has secured financing for 171.6 MW of wind energy worth 175 M€

Martifer, through its subsidiary Martifer Renewables (RE Developer segment) and its participation in the Ventinveste consortium, has secured financing for the construction of 171.6 MW of wind energy in Portugal and the entry into force of turnkey contracts for the construction of the "Âncora” project, a partnership established between Ventinveste, SA and Ferrostaal GmbH.

The 175 M€ financing was signed with a consortium of banks consisting of Banco BPI, ING and Santander.

The construction of the four wind farms shall start in December 2014 and the farms are expected to be fully operational by the end of 2016. The total overall investment value is close to 220 M€, including 84 wind turbines from manufacturer Senvion SE.

Once the projects are operational, and considering the 12 MW Vale Grande wind farm already in operation, Ventinveste will have near 184 MW of wind energy installed in Portugal as a result of the Phase B tender process launched previously by the Portuguese Government.