Wednesday, February 28, 2024
HomeRenewablesMET Group expands its renewables portfolio by entering the Polish market
Powered by

MET Group expands its renewables portfolio by entering the Polish market

Integrated European energy company MET Group is growing its European renewables portfolio by expanding into the Polish market. The Swiss-based energy company acquired a 100 per cent stake in a greenfield solar power project in Poland, with an expected installed capacity of 60 megawatt-peaks (MWp).

At the end of August, MET Group signed a share purchase agreement with TOREN Spółka Akcyjna, a Polish renewables project development company to buy its greenfield photovoltaic development project in Western Poland. The solar power plant is expected to achieve ready-to-build status in 2023.

“We already have solar and wind park projects in Hungary, Bulgaria, Italy, Spain and now in Poland,” said Christian Hürlimann, Renewables CEO of MET Group. “As we aim to build a geographically diversified renewables portfolio, MET also targets Romania, Croatia and Germany where the investment environment for renewable energy is improving, and interesting investment opportunities can be developed. From a business model perspective, our project portfolio is relying on both support mechanisms and market-based revenues (PPAs). Our objective is to acquire ready-to-build assets as well as to develop greenfield and brownfield sites.”
 

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