Company Announcement - The company has been awarded the Operation & Maintenance services for a wind farm in eastern Belgium. The company's operations in Belgium have helped Ingeteam achieve a cumulative growth of 50% in Europe. Ingeteam's market entry into Belgium marks yet another step forward in its strategy to gain a firm foothold in northern Europe. The company has been awarded the Operation & Maintenance services for the Berloz wind farm, located in eastern Belgium. With this new contract in Belgium, Ingeteam Service, a leader in the provision of Operation & Maintenance services to power generating plants, is responsible for the maintenance of 17.5 MW of the total installed power at the wind farm, thereby achieving the first contract for the 2.5 MW platform in the country.

Belgium has a wind power capacity of 1,960 MW and has experienced continuous growth over the last few years, primarily in the off-shore sector. Thanks to this new contract, Ingeteam Service has strengthened its international positioning in the Operation & Maintenance sector, whilst the company has also achieved a cumulative growth of 50% in Europe in the course of this year. On a global level, Ingeteam Service has increased its maintained power in relation to 2014 by almost 2 GW, a figure which places its global portfolio at 6.6 GW.

By sectors, the maintained power in the wind power sector in 2015 has increased by 40% whilst, in the PV sector, the figure has grown by 48%. Furthermore, Ingeteam Service has experienced considerable growth in the generating plant market, with its entry into the Oil & Gas sector. Ingeteam has increased its international presence in a total of 17 countries, with the inauguration of two new subsidiaries in the course of this year, namely in Romania and the Philippines. The company has plans to continue its international expansion during the forthcoming year.

Ingeteam
Ingeteam is a leading company specialising in the design of power and control electronics (frequency converters, process automation and control systems), electrical machines (generators and motors), electrical engineering and generating plants. Ingeteam is amongst the TOP 5 companies dedicated to the operation and maintenance of renewable energy generating plants, with a portfolio of 6.6 GW.

Ingeteam develops its products for four sectors: energy; industry; marine; and rail traction. Its goal is to optimise energy consumption and to maximise generating efficiency. The company operates in all 5 continents, and has a headcount of around 3,000 employees around the world. Ingeteam invests 8% of its annual turnover in R&D, which is the backbone of the company's business activity.