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MET acquires wind park in Bulgaria

Energy Trade

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Swiss energy company MET Group has acquired a 100% stake in a 60-megawatt wind park in Bulgaria, after signing a share purchase agreement with Spanish Grupo Enhol, according to an announcement from the company.

The company highlights how the transaction is an important step in achieving its renewables growth targets in the CEE region of 500 MW in operation by 2023. With this acquisition MET expands its operating wind portfolio in Bulgaria to 102 MW.

On July 30, MET Group signed a share purchase agreement with Grupo Enhol, a Spanish family-owned company focusing on renewable energy, acquiring its 60MW Suvorovo Wind Park in Western Bulgaria, along the Black Sea coastline. The closing of the transaction is expected to take place in Q3 2021.

Suvorovo Wind Park, representing 8.5% of the total installed wind capacity in Bulgaria, consists of 30 units of Gamesa G90 wind turbines with 2 MW capacity each. The wind farm, operating since 2012, produces approximately 120 GWh of electricity per year, supplying power equivalent to the consumption of around 38.000 households.

MET Group considers the growth of renewable power generation in the CEE region to be a core part of its business strategy. This transaction will provide MET with a strong local renewables footprint in Bulgaria following the acquisition of the 42MW Black Sea Wind Park earlier this year.

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