Martifer Solar Signs an EPC Contract for the Construction of 22 MWp in Portugal

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Martifer Solar, besides the technical implementation of the project, will also be responsible, under a turnkey contract, for the supply and installation of all the required equipment.

· Martifer Solar signs an agreement with a firm managed by BNP Paribas Clean Energy Partners

· The PV Park is due to be completed by the first half of 2012

· The project will produce 37.4 GWh/year

OLIVEIRA DE FRADES, Portugal

Martifer Solar, subsidiary of Martifer SGPS, has signed an agreement with a company managed by BNP Paribas Clean Energy Partners for the construction of a 22MWp photovoltaic solar installation in Portugal.

Martifer Solar, besides the technical implementation of the project, will also be responsible, under a turnkey contract, for the supply and installation of all the required equipment.

The PV plant is due to be completed by the first half of 2012 and will reinforce Martifer Solar’s leading position as photovoltaic solutions provider worldwide.

The project appointed to Martifer Solar will produce 37.4 GWh/year, the equivalent to the average consumption of more than 10,000 Portuguese families and will avoid the emission to the atmosphere of around 15.200 tons of CO2/year.

According to Mr. Henrique Rodrigues, Martifer Solar’s CEO, who declares being very pleased with the signing of this relevant contract, “it demonstrates Martifer Solar’s capacity to attract foreign investment towards the Portuguese renewables sector, despite the current difficult economic juncture”.

“These 22 will be the first of a total of 33MWp to be built by Martifer Solar in South Portugal; I’m sure that these projects will bring relevant benefits for this region, both economically and environmentally”, stated Mr. Rodrigues.

About Martifer|

Martifer is a multinational industrial group with more than 3,000 employees focused on metallic constructions and solar energy.

Martifer Metallic Constructions division is a leading and innovative player in metallic constructions, aiming to achieve significant presence in selective markets, namely in Europe, Brazil and Angola. In this business area it also produces equipment for the energy sector, such as wind components and offshore structures.

In the solar sector Martifer Solar is focused on EPC and distribution of PV modules and components, with presence in 15 countries.

Martifer SGPS, SA is the holding company of the Group and has been listed on Euronext Lisbon since June 2007. In 2010, the revenues from its core businesses reached 602.1 million euro.

Martifer Solar is the solar energy division of Martifer Group, established in Portugal, Spain, Italy, Greece, Belgium, United States, France, Czech Republic, Slovakia, Canada, United Kingdom, Mexico and Mozambique. The company is also present in Cape Verde, having installed two PV facilities, and in India, with one ongoing project at the moment. To date it has participated in the implementation of over 150 MW of photovoltaic solar energy worldwide.

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