BaxEnergy announces the opening of the new subsidiary in Portugal in January 2017

Amarante/Portugal, December 2016: BaxEnergy welcomes Rui Carneiro as Managing Director of the new subsidiary that starting from January 2017 will become the central location for future market expansion in Iberia and South America

With the beginning of the New Year, BaxEnergy announces the opening of the new subsidiary in Portugal, located at just 25 minutes from Porto, in Amarante, inside an old factory, now converted into a modern office equipped with training facilities and showrooms, small amphitheaters to host meetings, workshops and user conferences.

BaxEnergy Portugal Subsidiary BaxEnergy Team welcomes Rui Carneiro, new Managing Director of the new subsidiary in Portugal. From left to right, Giuseppe Galizia, COO, Rui Carneiro and Francesco Russo, CFO.

Mr. Rui Carneiro has been selected as the Managing Director of the new office in Portugal, and will be responsible for coordinating Sales activities in Iberia and Latin America. Mr. Carneiro has joined BaxEnergy in December 2016 and has sixteen years of experience in the wind industry working, amongst the others, for a leading German Wind Turbine manufacturer and a major French utility. “We are very pleased to welcome Rui to our team” affirms Giuseppe Galizia, BaxEnergy Chief Operations Officer Italy, who expresses his wishes saying: “Talented and smart persons like Rui are key resources for increasing our presence in the Latin American and Iberian markets and for strengthening the services offered to existing customers. With his skills and deep knowledge, we believe that Rui can provide a significant contribution to the growth of our company.”

Mr.Carneiro brings to BaxEnergy a wealth of experience in wind turbine installation and servicing and technical asset management, helping to advance our product line as well as developing growing markets such as Brazil and Mexico. “Being part of BaxEnergy is a new and exciting challenge for me” says Rui Carneiro, adding: “As a long-time professional in the renewable energy sector, I am perfectly aligned with BaxEnergy’s philosophy to work towards a greener world by delivering innovative solutions to our customers and this is a great opportunity for continuing my adventure in new areas.”

With the opening of the new subsidiary in Portugal, BaxEnergy is ready to face new markets. “Renewable energy, especially wind power, is growing fast in the Iberian Peninsula, which in the last few years evolved into a big and interesting market for many worldwide energy players. This is the reason why Portugal and Spain represent our focus target-market and strategic connecting points for becoming market leader in the other side of the Atlantic” explains Francesco Russo, BaxEnergy Chief Financial Officer, and adds: “Having a subsidiary in Portugal is an added value for us and our customers who will benefit of steady support directly in their mother tongue, thus feeling more confident in expressing needs and demands.”

All in all, Mr. Carneiro’s presence in the company will be a key asset for further improvements not only concerning Energy Studio Pro® but also all BaxEnergy’s products. “I am very excited to join the BaxEnergy team which is made of great people and I am looking forward for developing together new cutting-edge technologies”, states Rui Carneiro, who highlights: “Our goal is making power plants working better. In the renewable industry, there is always room for improvements and customers’ needs are always changing. I believe that one of the main strength of Energy Studio Pro® relies in its flexibility, being able to answer to the evolving challenges that our customers address in their daily work. Indeed, if in the past years, the main necessities were – for instance – having real time information about turbines status, while today it is important to be able to regulate power plants’ power generation from a centralized system, in the near future it might be necessary to enrich our solution with higher level of intelligence and automation in order to make users’ life as easier as possible.”

The team of BaxEnergy is proud to work together with Mr. Carneiro for developing new customer- partnerships, writing together a new chapter in BaxEnergy’s success story.

About BaxEnergy

BaxEnergy is dedicated to deliver innovative turnkey solutions to renewable energy players for complete visualization, data analysis and optimization of their power plants. The aim of the company is to make renewable energy easier, more efficient, affordable and secure, contributing to build a greener world for the benefit of present and future generations. BaxEnergy was founded in 2010 and is headquartered in Bad Nenndorf, Germany. The Development and Support division is located in Catania, Italy. For additional information about the company and service offers, please visit: www.baxenergy.com

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