The new solar power plant of Swiss-based European energy company MET Group, with an installed capacity of 43 megawatts (MW) has started commercial operation in the Hungarian town of Kaba, providing green electricity to more than 23,000 households.
Constructions started earlier in January and currently, it is the largest element of the energy company’s Hungarian renewables portfolio. Furthermore, Kabai Solar Park incorporates the latest technology and has an expected lifetime of at least 25 years.
“Renewable energy is the cornerstone of a sustainable future and it creates significant value for local communities also,” said Balázs Gábor Lehőcz, Chairman of the Asset Management Board of MET Group. “The goal of MET is to install solar parks with a total capacity of several hundred megawatts in Hungary.”
In this regard, the Dunai Solar Park and the Kabai Solar Park already account for a capacity in excess of 60 megawatts. MET Group has ambitious plans in renewable energy production in Central and Eastern Europe – in addition to which, in the interest of providing diversified sources of energy, it also considers traditional assets to be valuable investment targets.
Being located on 70 hectares, the site has also presented an opportunity to cooperate with the 10 Million Trees Foundation. The organisation reached an important milestone of trees planted – in a joint action being volunteers and MET Group, the 50,000th tree was planted. In doing so, the two parties highlighted their conviction that everyone – individuals, non-profit organisations, and companies – must do what they can to achieve a sustainable future.
Photo: courtesy of MET Group.