Electricity producer Voltalia announced the acquisition of Martifer Solar, a solar power plant developer. The acquisition was firstly unveiled on June 20 2016 and was finalized in August in the same year. This transaction is part of Voltalia's continued plan to grow through the diversification of its energy mix and its geographic footprint
Voltalia currently operates over 1GW of renewable energy generation facilities around the world, of which 376MW installed and 627MW operated on behalf of third-party clients. Through this acquisition, Voltalia will accelerate its development strategy by diversifying its energy mix as well as increasing its global presence.
"It is with great pleasure that we confirm the acquisition of Martifer Solar,” said Sébastien Clerc, CEO of Voltalia. “Over the past three years, the exceptional work carried out by our teams has seen our installed capacity multiply nine-fold and this new addition to the group will strengthen our position in the solar energy sector, the fastest growing of all renewable energy sectors. I would like to wish a warm welcome to the 266 talented team members who are joining us at Voltalia.”
Solar portfolio represents 50% in Voltalia’s project portfolio, up from 13% prior. The company regards solar power as the most promising energy choose because it is fast growing around the world. By the synergy with Martifer Solar, both Voltalia will strengthen its businesses in solar development, construction, operation and maintenance.
"We are very excited about this transaction: in addition to ensuring a continued service to Martifer Solar clients, this merger with Voltalia is an opportunity for us to join a fast-growing group with strong prospects and high ambitions" adds Henrique Rodrigues, CEO and co-founder of Martifer Solar.
The sale by Martifer Solar of its US assets, considered non-strategic, has been completed. This sale was a condition to the finalization of the acquisition. Martifer Solar’s accounts will be consolidated within the Voltalia accounts from August 18, 2016.