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Enfinity Completes 4 Solar Plants On Land In Spain

Villarobledo, Spain – 21 October 2008. Enfinity Management has completed and inaugurated 4 solar plants on land in Spain. These plants are the first photovoltaic projects realized by Enfinity on land. They will produce nearly 6,5 MW, enough energy to meet the needs of 3,690 homes of 4 members per year, and will prevent the emission of more than 12,000 T. of CO2.

All 4 plants are situated in Southern Spain, namely Villarobledo and Peñas de San Pedro (Albacete), El Robledo (Ciudad Real) and Alcolea del Río (Sevilla). All 4 plants have been completed between April and September 2008. For the construction of these plants Enfinity worked together with Martifer Solar, a rapidly growing Iberian company that has recently been introduced onto the stock exchange and which is specializing in renewable energy and EPC contracting.

Martifer Solar was in charge of the engineering and installation of the plants. The Iberian company made a big effort to finish the plants in a short period of time as Enfinity required. Both companies have cooperated to guarantee that the installations are of a high quality, which will result in high profits in energy terms.
Enfinity also succeeded to officially register the 4 plants before September 28th, a deadline set by the Spanish Government. All photovoltaic plants on land in Spain registered before that date can benefit from a high subsidy rate. During a period of 25 years Enfinity will be receiving an incentive of 0.44 €/KWh for the produced electrical energy, equal to approx. 9.7 GWh per year.

For the moment there is a substantial boom on the Spanish photovoltaic market with solar plants being constructed at a very high pace. As a result of this increase in activity on land there has been a growing interest in rooftop installations as well. Enfinity will be seizing this opportunity to export its experience with rooftop installations in Belgium towards the Spanish market.

 

About Enfinity
Enfinity is a rapidly developing, ambitious and internationally operating company in the field of solar and wind energy. As a project specialist, Enfinity develops PV solar plants for electricity generation and is already active in 11 countries being Spain, Belgium, Italy, France, Greece, the USA, Canada, Germany, Bulgaria, Czech Republic and China. This number will increase to approximately 20 countries by the end of 2009. Enfinity is in the process of financing PV projects with a total capacity of more than 122 MW and is planning to finance several hundred megawatts through 2010. In order to realize these plans Enfinity will increase the company’s equity by the end of 2008.

About Martifer
The Martifer Group consists of at least 120 companies spread across 15 countries. Its activity is divided into four areas: metal construction, energy systems, agriculture and biofuel. Martifer has been listed on the Lisbon Stock Exchange since 2007. During the past year the Group obtained a turnover of 519 million euros. Martifer Solar is the division of solar energy of Martifer Group, established in Italy, Greece, Belgium, Portugal, Spain and the United States. During the year 2008 it will be participating in the construction of over 38 MW of photovoltaic solar energy in Spain.