MET acquires solar project in Romania

20 December 2022 10:41

Baar - The MET Group, an energy company that operates on a pan-European basis, has acquired a 100 percent stake in a Romanian solar project. It is expected to reach ready-to-build status in the spring and is set to generate 82 gigawatt hours of energy per year.

The MET Group from Baar in the canton of Zug has secured the rights to a solar project located in southern Romania, near to the capital city of Bucharest. With an expected energy production of around 82 gigawatt hours (GWh) per year, it will be able to supply a total of 50,000 households in the region. According to a press release, the project is expected to reach ready-to-build status in the first quarter of 2023, with the solar plant then set to be operational in 2024.

This Romanian project neatly complements the MET Group’s strategy to expand its renewable energy portfolio in Europe. According to the information in the press release, it already has solar and wind park projects in Hungary, Bulgaria, Poland, Italy and Spain. The company is aiming to achieve an installed capacity of 2 gigawatts by 2026 and, in so doing, play an “active role in the European energy transition”, the press release states. The Group has already been supplying electricity, natural gas and energy services to households and industrial customers in Romania for more than 13 years.

“As we aim to build a geographically diversified renewables portfolio in Europe, MET also targets renewable energy investments in Germany and other Western European countries”, comments Christian Hürlimann, Renewables CEO at the MET Group, in the press release. “Our expansion strategy focuses particularly on European markets where we already have a local presence”, he adds.

Swiss Pavilion Digital

Previous newsletters