MET Group acquires fifth largest wind park in Bulgaria

MET Group acquires fifth largest wind park in Bulgaria

October 22, 2020 | Budapest Energy Summit | News 2020

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.”

This article was originally published on CEENERGYNEWS, the official media partner of Budapest Energy Summit.