|By Business Wire||
|November 26, 2012 04:14 AM EST||
3W Power Ukraine, subsidiary of AEG Power Solutions, global leading manufacturer of power electronic systems, signed its first contract with the solar division of the Portuguese multinational group Martifer. This deal covers photovoltaic utility scale equipment for two solar farms which will generate 5.25 MW.
The sites are both located in the Vinnytsia region of Ukraine, a country strongly supporting solar power developments. Martifer Solar is the solar sub-holding of Martifer Group. Its activity is focused on project development, EPC, O&M and distribution of PV components and systems. The company has already participated in the implementation of more than 250 MW of photovoltaic solar energy worldwide. These are also the first solar plants in Ukraine for Martifer Solar.
AEG Power Solutions will provide its TKS-C containerized outdoor stations, including latest generation central inverters, transformers and medium voltage switchgear. The supply also comprises metering and monitoring components and communications infrastructure. In close cooperation with the grid operator, this single source solution ensures smooth PV power plant operation.
AEG Power Solutions won the project thanks to the acknowledged quality and efficiency of its products and to its operation in Ukraine. Photovoltaic projects in Ukraine today require 15% of local content. “Our footprint is adapted: our local presence and our ability to fulfill local requirements makes a difference”, explains Philippe Capron Managing Director of 3W Power in Ukraine. “We started to manufacture our first container solutions in Ukraine one month ago, and this contract proves that it was the right move”. Martifer Solar also requested local service capacity which the group can provide with a team already experienced in large solar equipment installations and maintenance.
AEG Power Solutions will deliver and commission the equipment on site which should be connected to the grid and operational by the end of the year.
”This is another important step in the international expansion of Martifer Solar. We are very pleased with our entry into Ukraine, where our aim is to take a leading position in this high potential market, whilst providing economic and environmental benefits to the local population”, said Henrique Rodrigues, CEO of Martifer Solar.
AEG Power Solutions global footprint constitutes a major strength to continue growing on the worldwide solar market when the Western European part is maturing. “Our Ukrainian presence forms a solid base from which we are expecting to leverage in order to continue growing on Eastern European markets”, comments Bob Roos, VP Solar Strategic Business Unit, AEG Power Solutions.
About 3W Power/AEG Power Solutions:
3W Power in the Ukraine is the local subsidiary of AEG Power Solutions.
AEG Power Solutions (AEG PS) Group is a global provider of power electronics systems and solutions for all industrial power requirements offering one of the most comprehensive product and service portfolios in the area of power conversion and power control. Two complementary operating business segments, Renewable Energy Solutions (RES) and Energy Efficiency Solutions (EES) serve customers worldwide. The RES product and service portfolio consists of systems and solutions for solar power plants, such as solar inverters, monitoring and control systems as well as power controllers for a wide range of industrial applications such as polysilicon, energy storage, sapphire, and glass. The EES product and service portfolio includes high-performance uninterruptable power supplies (UPSs), industrial chargers, DC systems and converters.
Thanks to its distinctive expertise, bridging both AC and DC power technologies and spanning the worlds of both conventional and renewable energy, the company creates innovative solutions for smart grids.
AEG PS’ global footprint includes 17 subsidiaries and competence centers around the world with 1,700 employees.
3W Power S.A. (WKN A0Q5SX / ISIN GG00B39QCR01), based in Luxembourg, is the holding company of AEG Power Solutions Group. The Group is headquartered in Zwanenburg in the Netherlands. The shares of 3W Power are admitted to trading on Frankfurt Stock Exchange (ticker symbol: 3W9) .
For more information go to: www.aegps.com
About Martifer Solar
Martifer Solar is part of the Martifer Group, a multinational industrial group with more than 3,000 employees focused on metallic constructions and solar energy. Martifer SGPS, SA is the holding company of the Group and has been listed on Euronext Lisbon since June 2007.
Martifer Solar is present all over the world, focusing on EPC, O&M and the distribution of PV modules and components, via its subsidiary MPrime.
The company is based in Portugal and has presence in Europe (Spain, Italy, Greece, Belgium, France, Czech Republic, Slovakia, United Kingdom, Germany, Romania and Ukraine), North and Latin America (United States, Canada, Mexico, Chile, Brazil and Ecuador), Africa (Cape Verde, Mozambique and South Africa) and Asia (India, United Arab Emirates and Singapore).
In 2011, Martifer Solar’s revenues reached 293.2 million euros and, to date, the company has implemented more than 250 MW of photovoltaic solar energy worldwide.
LEARN MORE AT WWW.MARTIFERSOLAR.COM
This communication does not constitute an offer or the solicitation of an offer to buy, sell or exchange any securities of 3W Power. This communication may contain forward-looking statements which include, inter alia, statements expressing our expectations, intentions, projections, estimates, and assumptions. These forward-looking statements are based on the reasonable evaluation and opinion of the management but are subject to risks and uncertainties which are beyond the control of 3W Power and, as a general rule, difficult to predict. The management and the company cannot and do not, under any circumstances, guarantee future results or performance of 3W Power and the actual results of 3W Power may materially differ from the information expressed or implied in the forward-looking statements. As a result, investors are cautioned against relying on the forward-looking statements contained herein as a basis for their investment decisions regarding 3W Power.
3W Power undertakes no obligation to update or revise any forward-looking statement contained herein.
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