Martifer Solar USA, Inc. Closes $7.15M Credit Facility

SAM 0535 300x225 Martifer Solar USA, Inc. Closes $7.15M Credit FacilityLOS ANGELES, January 18 — 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.

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Martifer Solar USA, Inc. and the City of Cerritos

Martifer Solar USA, Inc. Senior Project Developer Zeb Wallace addresses the audience at the City of Cerritos Solar Dedication Ceremony alongside Mayor Carol K. Chen and Congresswoman Linda Sánchez. View his address on our YouTube page, and be sure to check out the photos on our Facebook page.

The project was funded through the American Recovery & Reinvestment Act of 2009, using American made UNI-SOLAR panels.

0 Martifer Solar USA, Inc. and the City of Cerritos
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City of Cerritos rolls out the green carpet for photovoltaic systems dedication ceremony on Jan. 14

03 300x300 City of Cerritos rolls out the green carpet for photovoltaic systems dedication ceremony on Jan. 14 The community is invited to a dedication ceremony for the City of Cerritos’ new photovoltaic solar energy systems at 11 a.m. on Saturday, January 14. The event will be held at the Cerritos Corporate Yard, located at 16540 Marquardt Avenue. Parking is available on 166th Street, east of Marquardt Avenue.

The event will include comments by Cerritos Mayor Carol K. Chen and Congresswoman Linda Sánchez. The City Council will unveil a dedication plaque and Mayor Chen will symbolically activate the new systems with a ceremonial switch.

The Cerritos High School Wind Symphony will perform prelude music at 10:50 a.m. Refreshments and displays of the solar energy systems and other green features at the Cerritos Corporate Yard will be offered. For more information about the event, call the City’s Community Participation Division at (562) 865-8101.

Solar panels generating approximately 150,000 kilowatt hours per year were installed in October 2010 on top of one of the water reservoirs at the Cerritos Corporate Yard. The system was installed by Martifer Solar and consists of 748 Unisolar thin film photovoltaic solar modules. The $517,500 project was funded by the American Recovery and Reinvestment Act of 2009, which sponsored the Energy Efficiency and Conservation Block Grant Program.

An additional set of high capacity solar panels was installed in the fall of 2011 on top of the second water reservoir at the Cerritos Corporate Yard. The system was installed by SunWize Technologies, Inc. and consists of 588 solar modules. The $725,959 project was funded by a $380,600 grant from the Department of Energy and the balance was paid by the City of Cerritos.

The total production of solar energy from the two photovoltaic systems at the Corporate Yard is approximately 350,000 kilowatt hours annually. The two projects provide all the energy required to power the main building as well as a substantial portion of the power used to operate an adjacent water well. The second photovoltaic project also included the rehabilitation of the Corporate Yard facility’s original solar water-heating system.

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Martifer Solar Canada Ltd. Director Speaks on Solar Opportunities

Martifer Solar Canada Ltd.’s Managing Director Andrew Gilchrist speaks to Canada’s Business News Network about opportunities in Ontario and beyond. View the full clip on BNN’s website now.

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Martifer Solar USA, Inc. Establishes National Footprint in 2011

USA 080111 300x184 Martifer Solar USA, Inc. Establishes National Footprint in 2011

Los Angeles, Calif., December 14 — Martifer Solar USA, Inc. is pleased to announce the realization of its national expansion plan, launched in January 2009. The company is now strategically located across the United States to execute solar photovoltaic projects for national accounts.

The business expansion plan called for the creation of regional operations in the Rocky Mountain and Eastern regions of the country. In addition to its Los Angeles based national headquarters, Martifer Solar USA, Inc. now has offices in Denver, Colorado and Greenwich, Connecticut. With satellite offices in San Francisco and Philadelphia and projects underway in ten states, the company has surpassed its original ambitions.

“This year marks a turning point in our history,” states Martifer Solar USA, Inc. CEO Raffi Agopian. “Our systemic approach to market expansion has resulted in continued rapid growth, and we are now positioned to provide the highest value to corporations, utilities and governments anywhere in the United States.”

To date, Martifer Solar USA, Inc. has commissioned 30MW nationwide with an additional 39MW currently under construction. Alongside its building capacity, the company’s portfolio has grown to include such multi-site clients as The Hertz Corporation, the Westfield Group, San Diego Unified School District, and Colorado’s Jefferson County Public Schools.

In the coming year, Martifer Solar USA, Inc.’s total projected portfolio of installed U.S. projects is over 100MW.

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. With a geographic footprint spanning the entire continental U.S., Martifer Solar USA, Inc. is strategically positioned to execute solar photovoltaic projects nationwide.

Martifer Solar USA, Inc. is a subsidiary of Martifer Solar SA, a Portugal-based multinational solar manufacturer and installation company with over 180MW 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.

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PV Electrical Grid Educational Video

Martifer Solar’s VP of Operations, Wade Webb details PV Electrical Grid Interfaces at the Westridge School for Girls in Pasadena, CA.

Click Here to view Wade’s instructional video!
wade pv inverters2 300x187 PV Electrical Grid Educational Video

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Denver Urban Renewable Authority (DURA) Awards Martifer Solar and Hangar 2 Partners Enhanced Training Opportunity Grant

100 1474 300x225 Denver Urban Renewable Authority (DURA) Awards Martifer Solar and Hangar 2 Partners Enhanced Training Opportunity GrantTraining Opportunities Made Available in Expanding Renewable Energy and Energy Efficiency Fields

Denver, Colo.— February 28, 2011 In efforts to improve construction-based training, job safety and increase opportunity for advancement within Denver’s renewable energy and construction industry, DURA awarded $20,000 to Martifer Solar and Hangar 2 Partners LLC’s innovative new solar training program.

To satisfy the requirements of the dedicated training component within the DURA grant, Martifer and Hangar 2 Partners designed a three-part instruction program, initiated with the roofing, installation, electrical work and panelization of the Hangar 2 array. In addition to the installation component, the instruction program consists of an off-site training via educational presentations addressing potential green career paths, rebate administration and financing along with an on-site overview of the system.

The 106kW Hangar 2 system was built to replicate the design of the hangar’s original roof skylights in efforts to preserve the historic landmark. The hangar’s initial roof condition and unique arch shape made for a complex and advanced learning opportunity for eight students going through the Quinntas renewable construction program.

“Martifer Solar is committed to furthering the renewable energy industry,” said CEO of Martifer Solar, Raffi Agopian. “We are proud to use our architecturally-advanced projects as a training ground for new solar integrators entering the energy efficiency field.”

The sustainable initiative of the Hangar was purposed to transform the unused Hangar into a green storage facility. Once the program is complete, all participants will have the opportunities and resources to guide them into a job within the solar and renewable energy fields.

“As a part of our training program, Martifer Solar and Hangar 2 Partners have been reaching out to students within the Denver Metro area to open up the vast career opportunities within the solar industry,” said Colorado Regional Manager, Nick Galesic. “Well educated, green professionals are the keys to the strong and viable solar market advancement.”

“A strong educational investment within the renewable energy industry is imperative to our global sustainable future,” said Jim Hartman, of Hartman Ely Investments, Development Manager for Hangar 2 Partners. “We were honored to be co-recipients of the DURA grant to contribute to the advancement of our local green job market and economy.”

About Martifer Solar USA
Los Angeles based Martifer Solar USA, (www.MartiferSolarUSA.com) specializes in the design, engineering and installation of residential, commercial and industrial-scale photovoltaic (PV) electric systems and components. Martifer Solar USA has been installing systems within the U.S. since 2001. Martifer Solar is a division of the Martifer Group, (www.Martifer.pt), a publicly traded construction and renewable energy company. To date, Martifer Solar has over 130MW of solar assets worldwide.

About Hanger 2 Partners
Hangar 2 Partners is made up of Denver-based Larimer Associates and Hartman Ely Investments (www.hartmanelyinvestments.com), (www.larimerassociates.com). A real estate investment and management firm, Larimer Associates has been instrumental in creating vibrant retail developments with sensitivity to historic structures such as Larimer Square in downtown Denver, 32nd & Lowell in the Highlands neighborhood and 44th & Lowell in the Berkeley neighborhood. Hangar 2 Partners have a different real estate development philosophy that champions the notion to find the site first and create a project around the neighborhood’s needs, versus dropping a pre-fabricated project onto a site. For more information about the Hangar 2 development, visit hangar2lowry.com.

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Martifer Solar, New Generation Power and Partners Bidding 200 MW of Renewable Energy Projects For Detroit Edison RFP

newgenerationgroup 300x63 Martifer Solar, New Generation Power and Partners Bidding 200 MW of Renewable Energy Projects For Detroit Edison RFPA Complementary Arrangement Between Martifer Solar USA, New Generation Power Michigan, Patriot Solar Group, Wanxiang America, Windemuller Electric, Starr Commonwealth, Solar Street Lights USA and Anderson Environmental & Engineering

DETROIT, MI – February 24, 2011 – New Generation Power Michigan, LLC announced today that it is bidding 100 MW of solar renewable energy and 100 MW of wind renewable energy projects for a total of 200 MW of renewable energy projects for Detroit Edison Company’s RFP. The projects are estimated to cost between $650 and $700 million dollars and will bring green investment and quality jobs to Michigan.

The New Generation Power Michigan Team includes the following major members:

  • New Generation Power is the prime contractor and manages the renewable energy system
  • Patriot Solar will provide Engineering, Procurement and Construction and racking materials for PV solar projects
  • Martifer Solar USA will provide Engineering, Procurement and Construction for PV solar projects
  • Windemuller Electric will provide Engineering, Procurement and Construction for wind generation projects
  • Starr Commonwealth provides the land to build solar and wind facilities
  • Wanxiang America provides solar PV panels Made in USA
  • Solar Street Lights USA provides solar engineering
  • Anderson Environmental & Engineering provides environmental permitting and assessments

“We are excited to have such an extraordinary team,” said Dr. Chirinjeev Kathuria, President of New Generation Power. “Our team recognizes the initiative launched by DTE Energy and Detroit Edison to expand the renewable energy space in Michigan, and we will provide cutting-edge, world-class photovoltaic solar power and wind generation systems to Detroit Edison and their customers.”

A portion of the projects’ profits will go Starr Commonwealth to enhance their mission of providing positive environments where children flourish through programs for at-risk youth in Michigan, Ohio and nationally. The New Generation Power Michigan team will also provide internships, learning opportunities and employment for Starr Commonwealth youth.

“This collaboration presents significant opportunities for the people of south central Michigan, and we are particularly excited about the potential opportunities it would create for the young people served by Starr Commonwealth,” said Martin L. Mitchell, Starr Commonwealth President and CEO.

The projects are located in and around Albion, Michigan and will be able to generate enough electricity to power over 28,500 homes and reduce carbon dioxide emissions at a rate of 283,000 tons annually, equivalent to the emissions from over 47,000 cars.

New Generation Power Michigan partnered with Michigan based and Michigan affiliated companies to utilize local resources to create and retain jobs for the Michigan work force. New Generation Power Michigan estimates that approximately 500 jobs will either be saved or created in the Albion market alone as well as thousands of other jobs across the country, including design services and manufacturing.

“Again, we locked up the funding, we’ll break ground this fall and put hundreds of Michigan construction workers back on the job, ” said Michael Pontarelli, Senior Vice President of Environmental Development.

New Generation Power is also currently building an up to 62 MW Rockford Solar Project, the largest PV solar development in the Midwest and one of the largest in the United States.

Albion, Michigan-based Patriot Solar Group brings innovation and expertise in engineering and manufacturing solar trackers and mounts and will provide engineering, procurement and construction and supply tracking and mounting materials for PV solar projects.

“I am extremely proud to be a vital member of this outstanding team that New Generation has assembled. This project would display the urgency with bringing new and innovated jobs to Michigan,” said President of Patriot Solar Group, Jeff Mathie. “Being that Patriot’s manufacturing facility is located here in Albion, MI, this gives our team the advantage of low shipping costs and higher Michigan content of locally manufactured goods than any other company.”

Martifer Solar, a subsidiary of Martifer SGPS, has installed over 100MW of solar worldwide and will bring demonstrated performance to providing engineering, procurement, and construction for the projects.

“Martifer is very excited to be part of an opportunity that would not only generate job growth, but would also provide the people of Michigan a substantial amount of renewable energy for many years to come,” said Raffi Agopian, CEO of Martifer Solar USA, Inc.

Windemuller will bring extensive experience in wind renewable system development and will provide engineering, procurement and construction for wind generation projects.

“Windemuller Electric is very please and proud to be associated with such a credible and dynamic group of forward thinking renewable energy companies,” said Jim Rose, Vice President of Windemuller Electric, Inc.

New Generation Power Michigan Team will stimulate the economy, create jobs and provide clean energy as mandated by Section 1603 of the American Recovery and Reinvestment Act (ARRA) of 2009.

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ABOUT MARTIFER SOLAR USA

Los Angeles based Martifer Solar USA, (www.MartiferSolarUSA.com) specializes in the design, engineering and installation of residential, commercial and industrial-scale photovoltaic (PV) electric systems and components. Martifer Solar USA has been installing systems within the U.S. since 2001. Martifer Solar is a division of the Martifer Group, (www.Martifer.pt), a publicly traded construction and renewable energy company. To date, Martifer Solar has over 130MW of solar assets worldwide.

ABOUT NEW GENERATION POWER

New Generation Power LLC, headquartered in Chicago, IL and is the parent company of New Generation Power Michigan LLC, develops and manages renewable energy projects worldwide and supplies green energy to residential, commercial, and industrial customers. Our team has decades of experience marketing power from supplier to consumer and extensive experience managing the financial complexities of the energy industry. New Generation Power has extensive expertise constructing electrical generating facilities, utilizing the latest solar power technology, producing and selling electricity through strong distribution networks, optimizing the wholesale and retail price differential of renewable energy, structuring financing through federal and state incentives, project finance, and originating and monitoring Renewable Energy Credits. www.newgenerationpower.org

ABOUT PATRIOT SOLAR GROUP

Patriot Solar Group, based in Albion, Michigan, provides a broad range of solar tracking systems, pole mount systems and a complete line of distribution solar products designed for easy and quick installations. Patriot delivers improved performance, consistent quality and lower production costs while delivering the highest levels of performance and reliability in excess of 100 mph wind-loading conditions. Patriot systems are designed and manufactured in Michigan.  www.patriotsolargroup.com

ABOUT WINDEMULLER

Founded in 1954 as an electrical contractor, Windemuller since then has expanded to electrical services and specializes in industrial, commercial and institutional electrical construction, electrical service, communications systems, automation services, information technology services and outdoor utilities. Windemuller also offers design/build services and a 24×7 service department. With offices located in Wayland, Michigan, Traverse City, Michigan, and satellite offices in Big Rapids, Harbor Springs and Whitehall; Windemuller employs over 180 people, has annual revenues of more than $32 million, and serves clients based throughout the Midwest. www.windemuller.us

ABOUT Starr Commonwealth

Starr Commonwealth is internationally recognized as a leader in transformational programs for children, families, schools and communities. Founded in 1913, Starr’s treatment philosophy is rooted in seeing something good in every child, which serves as the guiding principle in its strength-based approach. Starr offers a full spectrum of community-based early intervention and prevention services along with specialized residential programs. Through the Starr Institute of Training, parents, clinicians, educators and childcare professionals now have access to Starr’s highly successful and innovative techniques aimed at bringing out the best in every child. For more information, visit www.starr.org.

ABOUT WANXIANG AMERICA CORPORATION

Wanxiang America Corporation, headquartered in Elgin, IL, is the U.S. subsidiary of Wanxiang Group Companies, one of the largest companies in China with $12 billion in revenues. Wanxiang currently has 4,600 employees in the U.S. and over 45,000 worldwide. Wanxiang Solar is a major player in renewable energy production, including wind and solar, and is the largest manufacturer of medium/large size silicon ingot and wafer cutting in China, has total 800 MW solar cell and panel production capacity manufacturing in both China and US. www.wanxiang.com

ABOUT SOLAR STREET LIGHTS USA

Solar Street Lights USA is a Holland, Michigan based certified Women’s Business Enterprise and manufacturer of high quality, engineered systems that include off-utility grid solar-electric power systems and solar lighting.  Their systems are engineered for long-term and reliable performance with little or no maintenance. The systems are designed for a wide range of physical and operating environments and are installed in rural, suburban and metropolitan areas worldwide. www.solarstreetlightsusa.com

ABOUT Anderson Environmental & Engineering, Co.

Anderson Environmental and Engineering is a woman-owned business providing environmental consulting and engineering services with over 50 years of experience. Anderson has served clients in Illinois, Wisconsin, Michigan, Indiana, New York, New Jersey, Arizona, Colorado, Nevada, and California. Anderson’s experience in Michigan includes Phase I and Phase II Environmental Site Assessments, Baseline Environmental Assessments, and other site specific permitting needs on numerous complex sites in the Detroit Metropolitan Area.  Anderson’s client list includes local government agencies, commercial developers, industrial facilities, attorney and lawyers throughout the United States. www.andersonenveng.com/

Forward-Looking Statements

Statements about the future expectations of New Generation Power Michigan, LLC, and all other statements in this press release other than historical facts, are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as that term is defined in the Private Securities Litigation Reform Act of 1995. New Generation Power Michigan intends that such forward-looking statements shall be subject to the safe harbors created thereby. Since these statements involve certain risks and uncertainties and are subject to change at any time, New Generation Power Michigan’s actual results could differ materially from expected results.

MEDIA CONTACTS:

New Generation Power – Yeye Zhang, 312-912-5684, yzhang@newgenerationpower.org

New Generation Power Michigan -Ania Kuna, 773-562-7642, aniak@newgenerationpower.org

Patriot Solar Group – Sarah Coffey, 517-629-9292 ext. 115, Sarah.Coffey@patriotsolargroup.com

Martifer Solar USA - Andra Lewis, 310 820 7080, alewis@martifersolarusa.com

Wanxiang America – Daniel Li, 847-628-8645, dli@wanxiang.com

Windemuller Electric – Daryl Holwerda, 616-877-8770, dholwerda@windemuller.us

Starr Commonwealth – Dana Jacob, 517-630-2312, jacobd@starr.org

Anderson Environmental & Engineering - Jennifer Anderson, 815-962-9000 ext. 23, janderson@andersonenergy.com

Solar Street Lights – Craig Brumels, 616-399-6173, craig@bestsolarstreetlighting.com

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Where do you fit in the growing solar industry?

Aereal Photo 111510 300x225 Where do you fit in the growing solar industry?Martifer Solar and Hangar 2 Partners in conjunction with the Denver Urban Renewal Authority bring you a solar industry presentation on Thursday February 24th, at Arapahoe Community College in Littleton starting at 6:00pm at Arapahoe Community College. The presentation will detail all aspects of a solar install and the different career paths and job opportunities involved in the process. The enhanced training opportunity takes an inside look at the unique Hangar 2 solar project at the old Lowry Air Force Base. Topics to be covered include financing, installation, rebate processing, permitting and solar project administration.

To find out more information about this presentation, please visit the Arapahoe Community College website.

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Extension of Tax Incentives Good News For Public Entities Looking To Green Operations, Cut Expenses

MartiferSolarLogo CMYK 300x105 Extension of Tax Incentives Good News For Public Entities Looking To Green Operations, Cut ExpensesRSBF Extension of Tax Incentives Good News For Public Entities Looking To Green Operations, Cut Expenses

Denver, CO – February 15, 2011 The Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (“The Act”) signed into law last December represents a major piece of good news for an unlikely constituency: public entities such as municipalities and special districts, and other tax-exempt entities adopting solar. RSB Funds and Martifer Solar have come together to offer these same entities the opportunity to obtain solar through a third party ownership model, where the benefits provide by the Act are shared with the Host in the form of lower power costs.

The Act includes two important provisions that will create strong demand among socially responsible investors to invest in renewable energy projects even more than they are now. The 1603 Treasury Grant program allows for 30% cash repayments from the Department of Treasury (in lieu of a 30% Investment Tax Credit) on renewable energy projects placed in service through end-2011. In addition, the 100% bonus depreciation on all capital expenditures (including renewable energy projects) is also allowed on projects that go on line through the end of 2011. Both make attractive solar energy investments even more attractive this year for both investor and energy consumer.

“Public entities and other tax-exempt organizations are not able to take advantage of the federal incentives that are a major part of financing large renewable projects,” said Greg Bohan, CIO of RSB Funds. “The 1603 Treasury Grant program and accelerated depreciation schedule will motivate a lot of idle capital to go to work in this already attractive space. We look forward to pairing the needs of the investment community with that of our nonprofit and tax–exempt customers to provide both a substantial win-win,” Bohan said.

RSBF provides 100% of the upfront costs of a solar system for its nonprofit and tax-exempt customers. The customer doesn’t have any ownership responsibilities, nor any responsibility for the system other than to purchase the energy. “We will be able to put these assets on-line at a cost that allows us to sell power to our customers for substantially less than they are currently paying to the utility, allowing them to redirect these funds to other vital services,” said Robert Quist, VP of Originations of RSB Funds. Martifer Solar and RSB Funds are currently finishing one of the nation’s largest public school installations for Colorado’s Jefferson County Public School District.

“Solar systems can help to restore public entity budgets,” said CEO of Martifer Solar USA, Raffi Agopian. “RSBF’s low-profit finance model and Martifer’s low installation costs make solar arrays a distinctly profitable mechanism to recover district funds and create opportunities for well deserved causes.”

About Martifer Solar USA
Los Angeles based Martifer Solar USA, (www.MartiferSolarUSA.com) specializes in the design, engineering and installation of residential, commercial and industrial-scale photovoltaic (PV) electric systems and components. Martifer Solar USA has been installing systems within the U.S. since 2001. Martifer Solar is a division of the Martifer Group, (www.Martifer.pt), a publicly traded construction and renewable energy company. To date, Martifer Solar has participated in the implementation of over 100 MW of photovoltaic solar energy worldwide.

About RSB Funds, L3C
Renewable Social Benefit Funds (RSB Funds) is an alternative energy company focused exclusively on bringing solar power to hospitals, schools, low-income housing projects and other governmental and tax-exempt entities. RSB Funds develops solar projects for its clients that require no initial investment, provide the best-in-breed operation and maintenance, and always reduce energy costs so that savings can be used to support mission-critical programs. RSB Funds is an L3C (Low-profit, Limited Liability Company). An L3C is run like a regular business and is profitable, yet unlike a standard LLC, the L3C has primarily charitable goals. For more information on RSB Funds and its programs, visit www.rsbfunds.com.

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