Tuesday, July 23, 2024
HomeRenewablesMET Group completes acquisition of 60 MW wind park in Bulgaria
Powered by

MET Group completes acquisition of 60 MW wind park in Bulgaria

Swiss-based European energy company MET Group has completed the acquisition of a 100 per cent stake in a 60-megawatt (MW) wind park in Bulgaria from the Spanish Grupo Enhol.

The transaction is an important step in achieving MET’s renewables growth targets in the CEE region, which aims for a 500 MW portfolio to be in operation by 2023. With this acquisition, MET brings its wind power operating portfolio in Bulgaria to 102 MW.

At the end of July, MET Group signed a share purchase agreement with Grupo Enhol, a Spanish family-owned company focusing on renewable energy, to acquire its 60 MW Suvorovo Wind Park in Western Bulgaria, on the coast of the Black Sea.

The Suvorovo Wind Park, representing 8,5 per cent of the total installed wind capacity in Bulgaria, consists of 30 Gamesa G90 wind turbines of 2 MW capacity each. The wind farm produces approximately 120 gigawatts-hour (GWh) of electricity per year, supplying power equivalent to the consumption of around 38,000 households.

Sign up for our newsletters

    Monthly newsletter – Delivering the most important energy stories of the month selected by our Editor-in-chief
    Weekly Oil&Gas roundup - All major news about the oil and gas industry, LNG developments, the upscaling of new gases and related EU regulations arriving in your mailbox every Monday.
    Weekly Renewables&Climate roundup - All major news about investments in renewable energy sources, environment protection, green hydrogen and new innovative ways to tackle the climate crisis arriving in your mailbox every Tuesday.

    Most Popular