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Martifer Solar USA Files Chapter 11 Bankruptcy

Germany-based BayWa r.e. has acquired troubled solar developer Martifer Solar USA Inc. Martifer Solar USA, which filed for Chapter 11 bankruptcy in January 2014, is a subsidiary of Portugal-based Martifer Solar. In a notice, parent company Martifer SGPS says the $7.6 million acquisition has been approved by a bankruptcy court in Nevada, and BayWa r.e. is buying the majority of the assets of Martifer Solar USA. BayWa r.e., the renewable energy arm of BayWa AG, says that although it is already active in the U.S. wind farm development and PV trade segments, this buy will now allow the company to venture into the USA solar development business.

about Martifer Solar Panels

Martifer Solar USA offers turnkey photovoltaic solutions for residential, commercial and utility scale clients. Martifer provides expert service throughout the entire PV Value chain including engineering, module production, system design, project management, installation, maintenance and financing. Martifer solar panels come with a guarantee of 90% of rated power output and 80% over 25 years, with a product warranty covering materials and workmanship of 5 years. Martifer Solar Panels are made in Portugal.


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MTS225P
225W solar panels Martifer Solar MTS225P poly
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