This global presence has been boosted with the opening of new subsidiaries in Honduras and Bulgaria. As an ISP, the company has strengthened its global leadership position in the provision of power plant Operation & Maintenance Services.
Ingeteam has opened a new subsidiary in Uruguay and another in Bulgaria, thereby increasing its global presence to a total of 22 countries. Both subsidiaries are geared to the renewables sector, specifically solar and photovoltaic energy. In Honduras, local personnel are already working at a number of sites while, in Bulgaria, company personnel are perfoming maintenance work at the country's largest photovoltaic plant.
The company first entered the market in Honduras with projects for the renewables sector, primarily for the PV sector, to become the leading provider of Operation and Maintenance services in Latin America, where it has maintenance contracts for 2.5 GW.
Ingeteam is present in this country through the provision of maintenance services at PV plants, totaling 82 MW and accounting for 20 % of the country's total installed power.
Honduras is firmly committed to renewable energies, with an incentive policy approved in 2013 through the Law for the Promotion of Electricity Generation from Renewable Resources. This has boosted the growth of the installed renewable energy during this period. Currently, half the country's installed power is from renewable sources.
In Bulgaria, Ingeteam is present in the wind power market, and is responsible for the maintenance of three wind farms totaling 90 MW while, in the PV market, the company carries out the maintenance of a 60 MW PV plant, the largest in Bulgaria.
The renewables market in Bulgaria is mature and stable, thereby facilitating the entry into the country of O&M service companies such as Ingeteam.
The company has set a new annual record in maintained power, which now exceeds 10 GW. This means that, at present, Ingeteam has strengthened its global leadership position as an ISP (Independent Service Provider) of operation and maintenance services at energy generation plants.