Baar ZG – The pan-European energy company MET Group has acquired a 100 percent stake in a Romanian solar project. It will be ready for construction in the spring and is expected to produce about 82 gigawatts of electricity annually.
MET Group has secured the rights to a solar project in southern Romania near Bucharest. With an expected energy production of about 82 gigawatts per year, it can supply 50,000 households. According to a media release, the plant is expected to be ready for construction in the first quarter of 2023 and to be operational in 2024.
This Romanian project fits well into MET Group’s strategy to expand its renewable energy portfolio in Europe. It reportedly already has solar and wind farm projects in Hungary, Bulgaria, Poland, Italy and Spain. By 2026, the company aims to reach an installed capacity of 2 gigawatts “and thus play an active role in the European energy transition.” The Group has been supplying electricity, natural gas and energy services to Romanian households and industrial customers for 13 years.
“As we seek to build a geographically diversified renewable portfolio in Europe, MET is also looking to invest in renewables in Germany and other Western European countries,” Christian Hürlimann, CEO Renewables at MET Group, is quoted as saying. “Our expansion strategy focuses primarily on European markets where we already have a presence.” mm
