Martifer Renewables acts as a developer of renewable energy, mainly in wind power projects. More than accumulating MWs in operation, Martifer Renewables’ strategy is focused on the rigorous use of capital in the development and construction of projects, having implemented an asset rotation policy that can be applied to projects under development, under construction and in operation.
This business area currently has 49 MW of wind farms and solar plants in operation in Spain and in Romania with an impact on Revenues. In Portugal, the company holds a 50 % share in 31 MW of wind farms in operation, which contribute to the results through the equity method. In 2014, Martifer Renewables through its subsidiary Ventinveste celebrated a partnership for the construction of 171.6 MW of wind projects in Portugal, and agreed to the sale of the 36 MW Gizalki project, in Poland.
Since its foundation, more than 250 MW of renewable assets have already beendeveloped and built in several geographies. Following its asset rotation strategy, this area has had, in the last sold projects, relevant companies as partners, such as IKEA in Poland and Santander in Brazil.