LOS ANGELES--(BUSINESS WIRE)--Building on its robust capital base, Martifer Solar USA, Inc. received $7.15M in credit facilities from California Bank & Trust to provide full construction period financing for over 10MW of additional solar projects.
In announcing the deal, Martifer Solar USA, Inc. Chief Financial Officer Daniel Dus commented: “This significantly strengthens our already positive financial outlook in 2012. Coupled with our $100M bonding line and the backing of our $1.5B parent corporation, the facilities empower us to execute solar PV projects quickly and completely.”
The credit facility speaks to the viability of Martifer Solar USA, Inc.’s aggressive growth model; with a current project pipeline of 100MW, the company is poised to win a significant share of the United States commercial solar market in the coming year.
About Martifer Solar USA, Inc. — Martifer Solar USA, Inc. specializes in the design, engineering and installation of solar photovoltaic systems. The company has been providing full chain solar integration services in the United States market since 2001. To date, Martifer Solar USA, Inc. has commissioned 30MW nationwide with an additional 30MW currently under construction.
Martifer Solar USA, Inc. is a subsidiary of Martifer Solar SA, a Portugal-based multinational solar manufacturer and installation company with over 200MW of solar assets installed worldwide. Martifer Solar SA has offices in 15 nations and revenues of nearly $300M [2010], and is a wholly owned division of the publicly traded Martifer SGPS – a $1.5B construction and renewable energy company.
No comments:
Post a Comment