Sunday, October 25, 2020
Home Electricity MET Group acquires fifth largest wind park in Bulgaria

MET Group acquires fifth largest wind park in Bulgaria

Swiss-based European energy company MET Group has acquired a 100 per cent stake in a 42-megawatt (MW) wind park in Bulgaria, after signing a share purchase agreement with Italian Enel Green Power, the renewable arm of Enel Group. The transaction is part of MET’s growth strategy to develop a significant renewable portfolio in the CEE region.

“This acquisition is a clear sign of the implementation of MET Group’s integrated strategy to develop a strong renewable portfolio in the CEE region,” commented Benjamin Lakatos, CEO of MET Group. “Our goal is to build a geographically diversified portfolio of power generation and infrastructure assets, with a substantial renewable asset portfolio. As for the diversification of energy sources, I am convinced that our focus on renewables is the right approach and together with our core competence around natural gas as a transition fuel we can support energy developments towards carbon neutrality.”

The wind park, the fifth largest in Bulgaria and consists of two sites in the municipality of Shabla and Kamen Bryag, with 14 units of Vestas-V90 wind turbines, 3 MW capacity each. The wind farm, operating since 2010, supplies power equivalent to the consumption of around 30,000 households.

MET considers the growth in the renewable power generation in Central and Eastern Europe as a core part of its business strategy going forward, whilst also supporting the energy transition away from coal in Europe.

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