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RENOVALIA AND GRUPO ORTIZ PARTNER TO DEVELOP RENEWABLE ENERGY PROJECTS WORLDWIDE

2012-07-26

•    The two groups, with a renewable asset base of €2 billion, will pursue and develop projects for their own portfolio or for third parties, in the 13 countries in which they are present.

•    The first project to be built is a 40MW wind farm in Romania, owned 100% by Renovalia. The installation will break ground in the fall of 2012.


Madrid, 26th of July 2012. Renovalia Energy, a company specialized in the development of renewable energy projects, engineering, construction, management and sale of electricity (as an Independent Power Producer), and Grupo Ortiz, a leading Spanish company in the construction and energy business, have signed a strategic partnership to develop, build and operate clean energy projects for themselves or for third parties worldwide. The two companies are present in 13 countries: Spain, Italy, Mexico, United States, Canada, Hungary, Romania, Peru, Colombia, Poland, Bulgaria, Chile and Brazil.

This partnership will allow international clients to tap into the outstanding construction and management expertise and capabilities that both companies can offer. Jointly, the companies hold over €2 billion in renewable assets, and have the know-how to build large energy projects across the globe with maximum guarantees.

The fist project in this partnership will be the construction of a 40MW wind farm in Romania, owned by Renovalia Energy, with ground breaking expected during the fall of 2012.

The agreement aims to offer clients increasingly efficient and economic energy solutions in a highly competitive market. It will capitalize on the synergies between the companies, integrating a technologically diversified experience in wind, solar photovoltaic, solar thermoelectric CSP (parabolic trough) and Stirling engines technology, concentrating solar photovoltaic (CPV), hydro, cogeneration, combined cycles and electrical infrastructures, with a vast experience in the vertical value-chain (manufacturing, design, construction and O&M).

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